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Coffee: The Latest Battle for Tencent, Alibaba | PYMNTS.com

The battle over coffee shops comes as archrivals Alibaba and Tencent have invested more than $10 billion in retailers since the beginning of last year. Their efforts have left retailers feeling they need to align with one of those players. As Kantar Worldpanel ’s Jason http://expectofsf8f.sojournals.com Yu told CNBC, “All of the retailers in the brick-and-mortar world are very worried. They have to take a side. Otherwise, they are afraid they will be eaten alive in the future.” That push is driven by the large cash piles and rising share prices of Alibaba and Tencent. At the same time, those eCommerce companies are locked in a race to get consumers and merchants to join their payment, logistics, social media and Big Data platforms. Working with Alibaba and Tencent comes with its benefits: Merchants can access payment systems and logistics services, as well as Big Data. When Alibaba invested $486 million in February into one retail-centered Big Data firm, in particular, Alibaba said the deal could “help brick-and-mortar retailers succeed in the digital age.” Like their American counterpart Amazon, Alibaba and Tencent are fashioning identities that have less and less to do with online shopping and http://thestoregido.metablogs.net more to do with an integrated life approach. The companies are rolling out mobile payments at even more physical stores.

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