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AEON Stores Hong Kong, which operates stores in Hong Kong and on mainland China has posted a 2% fall in sales revenue to HKD4.8bn (US$614.6m) for the six months ended June 30, 2019.

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Chinese online retailer JD.com is reportedly in talks with bankers for US IPO in May next year. Talks still in early stage The company, a joint venture that is 48% owned by JD.com and 10% by Walmart, is seeking to raise around US$500m in an IPO. The talks are still in early stages, and the timing of the stock marketing offering, and the actual amount could change. The joint venture sec...
We review Walmart's second quarter results and the outlook for the second half. Walmart's key numbers Walmart's total revenue in Q2 increased by 1.8% to $130.4bn Sales in its US stores increased by 2.9% and by 1.8% at Sam’s Club US comp store sales increased by 2.8%, and by 7.3% on a two-year stacked basis US ecommerce sales increased 37% Sam’s Club comp sales were up 1.2% ...
Chinese ecommerce company JD.com reports second quarter revenue that topped market expectations and a net profit, following a loss in the same period last year. Investments beginning to pay off The company reported net revenue of CYN150bn (US$21.9bn), a 22.9% year-on-year rise, for the April to June quarter, exceeding the market consensus of CYN147.5bn. Net income attributable to ordinary s...

Presentations

21/08/2019
Beijing has the world's highest concentration of billionaires, plus some fantastic grocery stores, we pick our must see stores if visiting China's capital city.
13/08/2019
On July 1 2019, Shanghai put into effect a mandatory sorting scheme, requiring residents to separate rubbish into four categories: recyclable, hazardous, wet (perishable) and dry (other) waste. Putting something in the wrong bin can mean fines up to RMB 200 ($29) for individuals, while violating companies and organisations risk penalties of up to RMB 50,000 ($7,262).
07/08/2019
A.S. Watson Group announced that it has entered into an exclusive partnership agreement with Prenetics, a leading genetics and digital health company in Asia and Europe.
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Key presentation

This in-depth guide to China explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.

As we welcome in the year of the pig, we review the activity retailers and suppliers have used to boost sales during this critical trading period.

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