ruyi news and archive

JD.com signs “boundaryless retail” tech deal with Ruyi

JD.com, China’s largest retailer, has confirmed that it has signed a strategic agreement to provide e-commerce technology to Ruyi, the owner of global fashion brands including Aquascutum, Cerruti 1881, Sandro and Maje. In a press statement, JD stated that it will deploy its full suite of “boundaryless retail” technology, including smart...

Business

RIL partners China’s Ruyi for textile JV

Reliance Industries (RIL) and China-based Shandong Ruyi Science and Technology Group (Ruyi) have entered into a definitive agreement for setting up a joint venture (JV) in textiles. As per the agreements, RIL will transfer its existing textile business into a newly incorporated joint venture company, for which RIL will receive cash...