China news and analysis

17 May 2022
Despite a solid sales performance in the first quarter, against tough comparables, Walmart saw a sharp hit on profitability due to higher costs. We look at the impact on its performance and its updated outlook for the year. Walmart's Q1 key numbers Walmart's total revenue in Q1 increased by 2.4% to $141.6bn, representing an additional $3.3bn Sales in its US stores increased by 4.0%, w...
13 May 2022
Retailers and suppliers are taking small steps to invest in the metaverse in Asia. Get up to speed with the developments through this article and our report here . Indonesia: Alfamart convenience investing in the metaverse Alfamart is collaborating with an AR/VR company to bring the relevant technology to the business. Alfamart and WIR Group have been working together since 2015...
26 April 2022
Dada’s autonomous delivery open platform helps offline stores improve efficiency and reduce costs of delivery at the 415 Intra-City Shopping Festival in China. A smart delivery solution empowers quick commerce Dada Group, a leading platform for local on-demand retail and delivery in China, partnered with JD.com, China's leading one-stop ecommerce platform, to organize the 415 Intra-City S...
20 April 2022
Flipkart, Lazada and Tmall, leading ecommerce operators from across the region, are launching new customer-facing initiatives that tap into the desire to make better choices for people and the planet. Tmall introduces carbon emission product labelling Alibaba’s online marketplace Tmall is launching new product labelling to help shoppers understand environmental impact when making shopping w...
13 April 2022
PayPal's John Rainey has been named as Walmart’s new CFO. He takes over the position from Brett Biggs on June 6. Biggs announced last year that he would be stepping down from his role, having spent 22 years at the retailer. Joining from PayPal Rainey joins Walmart from PayPal, where he currently serves as its CFO and EVP, Global Operations. He joined the company seven years ago, helping it ...
05 April 2022
Alibaba has launched a 10-Yuan online discount store that targets China's bargain hunters who are seeking daily necessities. Great deal for low-income customers On 25 March 2022, Alibaba launched the first 10-Yuan discount store on its online marketplace Taobao Deals. Each product is only priced at RMB 10 (USD 1.57), which is relatively affordable to most shoppers in China’s lower-tier citi...
24 March 2022
The increase in COVID and stringent control measures are causing China's grocery market to recover at a slower pace. China’s grocery market: challenges ahead We are seeing strong growth of sales in China’s grocery market at the start of this year. However, the growing outbreaks of COVID and recent cities lockdowns are expected to weaken consumption. Control measures are tightening in some k...
14 March 2022
JD.com reports a loss of CNY3.6bn (US$0.6bn) attributable to shareholders and a net income of CNY49.4bn (US$7.8bn) for 2022.   Slowing economic growth China has announced a slower GDP growth of 5.5% this year compared to 8.1% last year. JD.com’s latest results came after Alibaba Group posted its lowest ever quarterly revenue growth, a year-on-year increase of 10% to CNY275.9bn (US$43.4bn). ...
17 February 2022
As Walmart’s revenue approaches $570bn, we look at what’s driving its continued strong performance and consider what’s next for the business as it starts to gain traction with its flywheel model. Walmart's key numbers Walmart's total revenue in Q4 increased by 0.5% to $152.9bn, negatively impacted by divestments of $10.2bn Sales in its US stores increased by 5.7%, with Sam’s Club up 1...
28 January 2022
Alibaba is considering raising funds for its grocery chain Freshippo that could see the creation of a seperate business. New investment to accelerate its push into grocery retail In an article by Bloomberg earlier this month, it says that Alibaba is pulling together a list of strategic investors to raise funds that would accelerate the development its Freshippo business. Although Alibaba wi...