China news and analysis

16 September 2021
The company sees slowing growth of its hypermarket sales amid ecommerce shift, whilst demand for its premium goods at Sam’s Club is growing. Growth of hypermarket sales slows in China According to Bloomberg, sales in China’s supermarket and hypermarket sector fell more than 7% in the second quarter of 2021 compared to a year ago, as more Chinese shoppers shift online. Walmart has also flagg...
06 September 2021
COVID-19 has caused grocery retailers in Asia to scale up online business to compensate footfall decline in physical stores and enable shoppers to get items quickly, safely and conveniently. We at IGD have quantified growth opportunities, supported by five emerging trends. Growing at a CAGR of 20% between 2020 and 2022 Asia’s online grocery is growing fast. Total value in 2020 is around US$...
06 September 2021
The Chinese ecommerce giant has created a new role of president to run the day-to-day business, as the founder and chief executive Richard Liu is stepping back. The new president has a proven track record in leadership Xu Lei, currently CEO of JD Retail, will take up the role of president. He has proven his leadership and management skills in spearheading JD Retail's operations. " We bel...
24 August 2021
JD.com reported net revenues of CNY253.8 bn (US$39.3 bn) for the quarter ended 30  June, 2021 , an increase of 26.2% year-on-year (YoY). Record new users in Q2 Highlights of 2021Q2 KPIs (key performance indicators) are: Net revenues: CNY253.8 bn (US$39.3 bn), +26.2%YoY Net service revenues: CNY34.1 bn (US$5.3 bn), +49.2%YoY Annual active customer: 531.9m in the twelve months end...
23 August 2021
WorldFirst, an international business payments provider, has formed a partnership with Alibaba.com, Alibaba’s B2B marketplace, to help UK-based small and medium-sized enterprises (SMEs) bolster their digital presence and expand their sales internationally. Help UK SMEs access Alibaba’s platform and services WorldFirst will help British sellers gain access to the 15 million buyers from over ...
17 August 2021
With another strong quarterly performance, Walmart has lifted its outlook for the full year, including anticipating global ecommerce sales of $75bn this year. Walmart's key numbers Walmart's total revenue in Q2 increased by 2.4% to $141.0bn, representing an additional $3.3bn in sales Sales in its US stores increased by 5.3%, with Sam’s Club up 13.9% (+7.7% ex-fuel) US ecommerce sal...
13 August 2021
The retailer has opened a high-tech omnichannel supermarket with new concept design in Shenzhen, China. Highlights of the store are summarized below. Seamless O2O shopping experience empowered by technology This includes: Digital screens strategically placed to increase awareness of its online channel Interactive in-store digital screens that allow shoppes to place online orders ...
11 August 2021
A.S. Watson Group, the retail division of CK Hutchison, has released its unaudited financial results for the first six months of the year ending 30 June 2021. Easing of lockdowns and reduction of store closures have driven growth Total revenue of the world’s largest international health and beauty retailer has grown by 12% due to the gradual easing of restrictive lockdowns around the world ...
05 August 2021
Alibaba Group announced financial results for the quarter ended 30 June, 2021. Total revenue is up by +34% year-on-year (YoY), reaching CNY205.7 bn (US$31.9 bn). “ Alibaba started the new fiscal year by delivering a healthy quarter ” Revenue was CNY205 bn (US$32 bn), an increase of 34%YoY. Excluding Sun Art , total revenue would have grown 22% YoY to CNY187 bn (US$29 bn) Annual ac...
02 August 2021
It has been confirmed that JD.com has recently purchased Huaguan, a regional supermarket chain established in 1995 in Beijing. JD.com has full control of Huaguan Huaguan’s chairman, Carol Fung, is also the vice president of JD.com and the president of JD.com retail group’s omnichannel business group. Earlier this year, Fung has expressed that Huaguan is to undergo an omnichannel reform w...