The pandemic has triggered the decline of the beauty market in 2020, but key suppliers such as Procter & Gamble and L’Oréal are now expecting growth to return, through their online sales. L’Oréal: ecommerce to aid return to growth of cosmetics Although the total sales of L’Oréal has dropped for the full year of 2020, APAC is the only region that reported growth during the year.  This is mai...

Alibaba has announced its Q3 results for the three months ending 31 December 2020. Revenue increased by +37%YoY to CNY221.1 bn (US$33.9 bn), beating estimates. Growth driven by commerce retail and cloud computing " Thanks to the rapid recovery of China's economy, Alibaba had another very healthy quarter ," said Daniel Zhang, chairman and CEO of Alibaba, in a press release. The highlights...

Freshippo, Alibaba’s grocery retail chain launched in 2016, is the gold standard for the integration of online, offline, technology and logistics to create a greatly enhanced shopping experience. In an exclusive interview with IGD, Guo Xulin, Chief of Staff of Alibaba’s Freshippo Business Group, highlights the aspects that distinguish the New Retail, which Freshippo represents, from old retail. ...