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...

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...

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...