Alibaba has posted its financial results for the fiscal year ended March 31, 2020. Total revenue was up 35% to CNY509,711m (US$71,985m) YoY. Robust top line figures for the fiscal year GMV transacted in the Alibaba Digital Economy was CNY7,053bn (US$1tn), CNY6,589bn (US$945bn) of which came from China retail marketplaces Core commerce revenue up 35% YoY to CNY436,104m (US$61,130m) ...

JD.com’s recent Foodie’s Carnival shopping event saw 27,000 tons of fresh products sold in just over one week, including 4,531 tons of imported fresh goods. Brought together more than 6,000 global brands The online festival, held between 11 and 17 May, brought together more than 6,000 global brands selling in excess of one million seasonal fresh products. The highlights are: Increa...

Following the outbreak of Coronavirus (COVID-19) in January, retailers in China have responded with urgency and empathy as the situation evolves - we will continue to update this article with the latest developments... May updates Second lockdown: the cities of Jilin and Shulan in Jilin province, with more than five million populations, have been put on lockdown since mid May after the...