Alibaba Group has announced its new organisational structure aimed at supporting each of the group’s business make faster business decisions and achieve independent financing through market funding, thereby unlocking greater potential for shareholders. Business will be broken into six core business groups Taobao Tmall Commerce Group will include ecommerce platforms such as marketplaces...

Amidst rising demand for food-to-go, Indonesian convenience giant Alfamart has an ambitious plan to open 1,000 new food-focused stores from Lawson in Indonesia in 2023 alone. Rapid food-to-go expansion plans Japanese convenience chain Lawson is the third largest convenience retailer globally in terms of sales. Its operations outside of Japan are sometimes managed by local retailers, such ...

JD.com reported its revenue increased by 9.9% to CNY1.05 tr (US$151.7 bn), and its operating income rose by 104.2% to CNY29.0 bn (US$4.2bn) in its full year 2022 results. In Q4 2022, JD.com’s revenue grew 7.1% to CNY295.4 bn (US$42.8 bn), while its operating income reached CNY4.8 bn (US$700m), compared to a loss of CNY400m (US$58.0m) in 2021. Performance of JD.com’s four key segments J...