Markets/China/News

China news and analysis

15 November 2022
Walmart delivered a strong Q3 sales performance, setting it up for the holiday trading period. We look at the factors driving its results and expectations going forward. Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 8.7% to $152.8 bn, representing an additional $12.3 bn year-on-year Sales in its US stores increased by 8.5%, with Sam’s Club up 12.8% US ecommerc...
15 November 2022
The festival’s sales growth this year was estimated to be lower than previous years. Alibaba reported its gross merchandise value (GMV) was same as last year’s, While JD.com only mentioned that its GMV hit a record. However, sales from up-and-coming products and specific customers showed strong growth. Stable sales performance Despite the on-going effects of COVID in China, the key play...
10 November 2022
Alibaba Group kicked off its 14 th annual 11.11 Global shopping festival on 24 October. Building up excitement from 24 Oct Shoppers can add items to their online shopping carts at 11.11 prices from 24 October, a week before the first checkout window. They can check out any time between 31 October and 3 November or 10 November to 11 November. Staggered orders help merchants process the larg...
02 November 2022
On 31 October 2022, CR NG Fung, one of Hong Kong’s biggest food distributors and producers, formed a strategic alliance with JD.com. The alliance will lead to CR NG Fung opening its first online flagship store on JD.com’s platform to promote its food grocery products. Expanding sales networks Having opened its official online store on JD.com’s platform, CR NG Fung can easily promote its p...
02 November 2022
Apart from giving a price discount on products during the festival , which runs between 31 October to 11 November 2022, Alibaba has increased its support to help partners grow their businesses, and help it differentiate it from rivals. Growing customer loyalty for brands One of Alibaba's key objectives is to help brands grow customer loyalty on its platform. This initiative can help bran...
17 October 2022
China’s leading on-demand delivery service operator, Meituan, has partnered with convenience chains to launch its first around-the-clock on-demand delivery service. Boosting sales momentum The market for on-demand delivery has been dominated by three  companies, JD.com, Alibaba and Meituan. JD.com has a big share of this market, especially in the supermarket channel through its omnichanne...
11 October 2022
American wholesaler, Costco, continues to expand into new international markets. We look at its plans for New Zealand and Sweden. First store opened in New Zealand In September, hundreds queued in the rain to visit Costco’s first store in New Zealand. The 14,800 sq. m store is in Westgate, on the north-western edge of Auckland. It features 800 parking spaces and a fuel station. It becomes o...
28 September 2022
Costco’s fourth quarter results revealed a strong finish to the year with total revenue exceeding $220 bn. We look at the factors underlying this performance and what to expect in the year ahead. Fourth quarter and full year key numbers Q4 total revenue up 15.2% to $70.8 bn, with full year revenue up 16% to $222.7 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 1...
27 September 2022
JD.com has introduced a new format of supermarket in Beijing that provides shoppers with a one-stop shopping experience. A combination of shopping and recreation This new supermarket format, under the banner of "Seven Fresh", which is the third generation of its development, aims to provide shoppers with a one-stop shopping experience that combines the concept of shopping and recreation. ...
16 August 2022
Last month, Walmart announced it had lowered its projected sales for Q2 and the rest of 2022 . Net sales were expected to be up by around 7.5% for the quarter, with US comp store sales expected to be up around 6%, but itsQ2 results surpassed its expectations. However, its gross profit continues to face pressure from higher-than-usual levels of mark down activity, which it has employed to cl...