China news and analysis

14 April 2021
China has imposed a record fine of CNY18.2 bn (US$2.8 bn) on Alibaba, one of the country’s largest online retailers, after an investigation found the ecommerce giant violated China’s anti-monopoly law. A slap on the wrist: painful but bearable On Monday 12 April, Alibaba accepted a CNY18.2 bn (US$2.8 bn) fine from China’s competition watchdog, the State Administration for Market Regulation ...
01 April 2021
China’s two ecommerce giants, Alibaba and Tencent, are collaborating for the first time, which will see Alibaba’s bargain online shopping platform Taobao Deals offered as a mini-program on Tencent’s multipurpose super app WeChat A move prompted by the China’s anti-trust regulators The collaboration means that users of Taobao Deals can now pay via WeChat Pay. Alibaba has long barred the u...
31 March 2021
Pinduoduo, China’s latest tech behemoth, has become the world’s largest ecommerce platform by user numbers, surpassing Alibaba. It has set its next goal to be " the world’s largest agriculture and grocery platform ". Here is what you need to know about the company. Pinduoduo surpasses Alibaba and JD.com in user numbers The Nasdaq-listed company said it had 788.4 million annual active buye...
24 March 2021
JD.com announced on 22 March that it is investing US$800m in Dada Neux, the mother company of on-demand grocery delivery platform JD Daojia and on-demand delivery platform Dada Now. JD.com will effectively take control of delivery platform Dada Once the deal goes through, JD.com will own 51% of Dada. JD merged its online-to-offline unit, JD Daojia, with Dada in 2016. Dada-JD Daojia then ...
16 March 2021
A.S. Watson Group, the world’s biggest international health and beauty retailer, has recently announced its refreshed social purpose and 2030 vision for sustainability. Commitment to ‘put a smile on our customers’ faces’ Since the A.S. Watson Group is operating on a massive scale globally, it is determined to take stronger responsibility towards the customers they serve, as well as the envi...
15 March 2021
Dairy Farm International has reported an 8% drop in its subsidiaries’ revenue to US$10.3bn in FY20 (ending December 2020).  But total sales including from its associates and joint ventures has increased by 2% at US$28.2bn, primarily due to a higher sales contribution from Yonghui. Growth in grocery retail and IKEA offset by health & beauty and convenience The group’s sales performance in 20...
11 March 2021
JD.com reported net revenue of CNY745.8bn (US$114.3bn) for the full year of 2020, an increase of 29.3% from 2019. Ended the year on a strong note with accelerated revenue and user growth “ We are pleased to conclude the year on a strong note with another quarter of solid top and bottom-line results as well as excellent cash flow ,” said Sandy Xu, Chief Financial Officer of JD.com. “ Our ope...
24 February 2021
New data from IGD reveals the growth of China’s grocery market will remain robust, with total value reaching CNY11.4 tn (US$1.62 tn) by 2022. Market growth driven by spend rather than inflation With GDP growth ahead of inflation, the economic growth in China has been, and is forecast to be, driven by real increase in output rather than rising prices. The market is expected to see a CAGR ...
19 February 2021
In an update for analysts, Walmart has outlined its capital expenditure plans for the year ahead and the continued transformation of its business. Uniquely Walmart Walmart’s president and CEO, Doug McMillon, struck an upbeat tone in outlining his vision for the company. Building on the momentum of 2020 , the retailer plans to accelerate its strategy to deliver long term growth. It’s ai...
19 February 2021
UK’s number one vitamin company is a good example of how Western brands can find success in Asia by tapping into existing ecosystems. Using Tmall as the launchpad The company launched its first flagship store on Alibaba’s Tmall Global platform in 2015, then a second store in 2020 just before the 11.11 Shopping Festival. Vitabiotics plugs into Alibaba’s existing ecosystem and utilizes d...