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Jonathan Wang, the head of’s 7FRESH, shared his view at the "2020 China Community Business Annual Meeting" organized by the China Chain Store and Franchise Association (CCFA) last week. The main points are summarized here in this article.

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Alibaba and handled US$136.5bn of sales through their platforms during 6.18, an annual online shopping festival in China that runs from 1 st June to 20 th . Strong numbers show retail is recovering For 6.18, Alibaba achieved gross merchandise value (GMV) of CNY698.2bn (US$98.5bn), over double what it achieved on Singles Day (2020 11.11) last year, which posted record GMV of CN...
To understand how autonomous warehouses allowed to respond quickly to uncertainties and fluctuations in product availability and consumer demands during the COVID-19 crisis, IGD conducted a collaborative research project with Extracts from the full report are shared here in this article. Technical advancements that enabled to respond quickly during COVID-19’s ...
The annual 6.18 Mid-Year Shopping Festival was kicked off on 1 June, which is China’s largest online retail promotion since the outbreak of COVID-19. Equivalent to 11.11 Singles Day The event, which runs until 20 June, was launched by 17 years ago as the anniversary of Since then, it has become an online shopping festival for major ecommerce players. It is the equivalent to...
The Chinese ecommerce giant and Gome Retail, one of China’s largest electronics chains, announced a strategic partnership with buying US$100m worth of convertible bonds in Gome. Further deepening of the collaboration The announcement of the strategic partnership between and Gome Retail is a further deepening of the cooperation between the two sides after Gome’s flagship sto...

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