China news and analysis

27 June 2022
From social shopping to a metaverse mall, we highlight five new initiatives and innovations debuted to inspire shoppers and help merchants during this big shopping festival. Inspiring by innovation and new user experience Alibaba’s Taobao unveiled a “Metaverse Mall” in the festival where shoppers were able to use a mobile phone to guide their avatars and do virtual reality shoppin...
27 June 2022
This year the 618 shopping festival generated a total sales revenue of RMB 695.9bn (USD 103.8bn) through ecommerce channels (excluded quick commerce and community group buying), reports Syntun. This is an increase of 20.3% year-on-year, but down 6.2% compared to the previous year's 26.5% sales growth. Besides driving sales through slashing prices and discount coupons, what significant findings...
21 June 2022
Our latest research reveals that Walmart’s revenue is set to reach almost $750 bn by 2027. Between 2021 and 2027 it is expected to grow by 4.7% on a CAGR basis, reaching $747.6 bn. $180 bn growth opportunity Our new report Strategic outlook for Walmart , reveals that Walmart’s growth will be led by its operations in the USA, India and Mexico. Over recent years the retailer has recast i...
06 June 2022
JD.com achieved double-digit revenue growth, while Alibaba maintained a significantly stronger operating margin. Performance highlights Revenue Alibaba’s Q4 results (three months ending 31st March 2022) reported revenue of RMB 204bn (US$ 32.2bn), up 9.0% year-over-year, but down 15.9% on the previous quarter. Over a third of this was driven by direct sales, including through Fresh...
27 May 2022
While most retailers have seen inflation benefit their top line in their latest quarterly performances, many have seen their profitability dip. Unable to pass on the full impact of higher costs to customers, or reduce costs in other parts of their business given the rapid run-up in inflation this year, margins have been impacted. But Costco has fared better. We look at how it outperformed its pee...
17 May 2022
Despite a solid sales performance in the first quarter, against tough comparables, Walmart saw a sharp hit on profitability due to higher costs. We look at the impact on its performance and its updated outlook for the year. Walmart's Q1 key numbers Walmart's total revenue in Q1 increased by 2.4% to $141.6bn, representing an additional $3.3bn Sales in its US stores increased by 4.0%, w...
13 May 2022
Retailers and suppliers are taking small steps to invest in the metaverse in Asia. Get up to speed with the developments through this article and our report here . Indonesia: Alfamart convenience investing in the metaverse Alfamart is collaborating with an AR/VR company to bring the relevant technology to the business. Alfamart and WIR Group have been working together since 2015...
26 April 2022
Dada’s autonomous delivery open platform helps offline stores improve efficiency and reduce costs of delivery at the 415 Intra-City Shopping Festival in China. A smart delivery solution empowers quick commerce Dada Group, a leading platform for local on-demand retail and delivery in China, partnered with JD.com, China's leading one-stop ecommerce platform, to organize the 415 Intra-City S...
20 April 2022
Flipkart, Lazada and Tmall, leading ecommerce operators from across the region, are launching new customer-facing initiatives that tap into the desire to make better choices for people and the planet. Tmall introduces carbon emission product labelling Alibaba’s online marketplace Tmall is launching new product labelling to help shoppers understand environmental impact when making shopping w...
13 April 2022
PayPal's John Rainey has been named as Walmart’s new CFO. He takes over the position from Brett Biggs on June 6. Biggs announced last year that he would be stepping down from his role, having spent 22 years at the retailer. Joining from PayPal Rainey joins Walmart from PayPal, where he currently serves as its CFO and EVP, Global Operations. He joined the company seven years ago, helping it ...