China news and analysis

25 September 2020
We review Costco’s fourth quarter and full year sales, including the outlook for the holiday season, ecommerce development and further expansion. Key numbers Q4 net sales increased 12.5% to $52.3bn Comparable store sales increased 14.1%, ex-fuel and currency impacts; 13.6% in the US, 12.6% in Canada and 18.8% in other international markets Comparable ecommerce sales increased 91.3%...
25 September 2020
China Resource Vanguard has expanded its strategic partnership with Dada Group, China’s leading local on-demand delivery and retail platform. Dada Group to provide an integrated fulfilment solution The expanded partnership will focus on omnichannel fulfillment, product management, user operations and marketing. JD Daojia will provide CR Vanguard with integrated fulfillment solutions, ...
25 September 2020
A new ALDI store opens in Shanghai in September. It is the retailer’s eighth store in two years. Localised range appeals to Chinese consumers Situated on Hongguan Road, Hongkou District, the store carries about 1,000 SKUs from Ready-to-Eat meals to body care products. The range includes quality imports such as French wine and Australian ice cream, as well as local products that appeal to ...
20 September 2020
Having initially been in discussions with Microsoft to make a bid for the social media platform, TikTok, Walmart is partnering with Oracle and other investors to take a stake in a new company, TikTok Global. TikTok Global TikTok is creating a new company called TikTok Global that will be responsible for providing all TikTok services to users in the US and most of the users in the rest of th...
18 September 2020
The retailer has opened the flagship store, made of six overlapping shipping contains, in Shanghai on 9 th September. Continuing long history of sustainability and commitment to recycling The store is located at Shanghai’s Wisdom Bay Science Innovation Park, which was formerly home to warehouses and container storage yards. The cargo containers have now been converted into office spaces...
18 September 2020
The country’s retail sales up by 0.5% in August from a year ago, the first positive growth for the year so far. On a firm footing now for economic recovery Data released by China’s National Bureau of Statistics this week showed that the total retail sales of consumer goods reached CNY3,357 bn (US$496 bn) in August, up 0.5% YoY (year on year), the first positive growth this year. Overall ...
10 September 2020
China's largest retailer, Sun Art Group, a joint venture between Auchan and the Ruentex group, opened its first supermarket in September. Developing a multi-channel and multi-format business On 1 September, RT-Mart's first supermarket, RT-Mart Super, is opened in Changzhou. This is RT-Mart's first medium-sized store. With a sales area of 3,900 Sq m, the store carries more than 1,500 SK...
02 September 2020
The group is reported to increase its ownership stake in YTO Express, a Chinese courier firm. Looks to consolidate dominance in the global express delivery market According to a report by Reuters, Alibaba is currently negotiating with YTO Express ownership, as the former looks to consolidate its dominance in the global express delivery market. Alibaba currently owns a 10% stake YTO. Th...
01 September 2020
Yonghui has closed three Bravo supermarkets and 14 Mini Stores in China. Our view Despite the recent store closures, Yonghui remains one of the fastest growing retailers in China. Revenue grew 20.4% in 2019. Its strong fresh offer and omnichannel operations continue to support growth. Yonghui remains committed to format innovation and store expansion. It opened, for example, more than 500 ...
01 September 2020
Auchan has released first half results which it says show a ‘ significant improvement in profitability ’, which has been helped by the implementation of its Renaissance initiative. The retailer reported that while total sales fell by 1.8%, group EBITDA increased by 14.9%, with its EBITDA margin reaching 5.6%. Revenue growth seen in most markets Auchan reported revenue fell by 1.8%, at curre...