JD.com reported net revenue of CNY745.8bn (US$114.3bn) for the full year of 2020, an increase of 29.3% from 2019. Ended the year on a strong note with accelerated revenue and user growth “ We are pleased to conclude the year on a strong note with another quarter of solid top and bottom-line results as well as excellent cash flow ,” said Sandy Xu, Chief Financial Officer of JD.com. “ Our ope...

Chinese New Year is the biggest annual trading event for many markets and retailers across Asia.  The pandemic has once again impacted celebrations. This year, retailers are more prepared for the complexity of complying with COVID-19 measures and changes in shoppers’ behaviour. We highlight the best-in-class execution from the Asia region and beyond    1. Growing the eat-at-home opportunity ...

In a store opening race post-COVID, Alibaba opened 21 new Freshippo stores and JD.com 14 SEVEN FRESH outlets in just one month.  Alibaba opens 21 new stores in 13 cities in December The 21 new stores include 19 Freshippo supermarkets and two Freshippo Mini. “ The store opening in December is the fastest in our company’s history ,” said a Freshippo official. Every crisis brings opportunit...