China news and analysis

18 January 2022
Meituan, China's largest platform for lifestyle services and products, has added Starbuck onto its platform. Starbucks extends reach to more consumers The partnership with Meituan will allow Chinese customers to order cofee delivery and make reservations on the mobile app. It will also launch a service to let Meituan users make private bookings to taste and learn to make coffees at Starbuck...
10 January 2022
China’s grocery market is the 2 nd largest in the world and will overtake the US to become the largest by 2023. Grocery retail growth forecast remains robust With GDP growth ahead of inflation, the economic growth in China is forecast to be, driven by real increase in output rather than rising prices. By nominal GDP, China has the largest economy in Asia. It is also the only major ec...
10 December 2021
Following the first store opening in Shanghai in 2019, the retailer has opened its second store in China this month. 70,000 pre-registered Costco members before the opening day The new store is in Suzhou, a city in Jiangsu province, about 100 km (62 miles) west of Shanghai. It is famous for its beautiful gardens and traditional architecture. Before the store opening on 7 December, the ...
06 December 2021
The retail has announced organizational changes and leadership appointments on 6th December to better drive synergies across its consumer and wholesale commerce platforms both in China and globally. Toby Xu to succeed Maggie Wu as CFO Toby Xu, Deputy Chief Financial Officer, will succeed Maggie Wu as the company’s Chief Financial Officer, effective 1 April 2022, part of the group’s leadersh...
29 November 2021
JD.com’s grocery chain, SEVEN FRESH, has opened three stores in November, all in Greater Bay area. Expanding presence in Greater Bay area On 26 November, JD.com opened the fifth SEVEN FRESH store in Shenzhen, with an area of 2,000 sq m. The retailer also opened another two in the same month, expanding the banner’s presence in the Guangdong–Hong Kong–Macau Greater Bay area. The new store ...
27 November 2021
JD.com and MUJI have formed a partnership to offer transformative offline shopping experience in Shanghai. " Meal Solution " themed supermarket Covering a total area of 4,130 sqm, the store has strengthened MUJI's daily necessities and food products, introducing new products such as frozen foods, noodles, and oatmeal. In collaboration with SEVEN FRESH (JD.com’s grocery chain), the store ...
22 November 2021
JD.com reported net revenues of CNY218.7 bn (US$33.9 bn) for the quarter ended 30 September, 2021, an increase of 25.5% year-on-year (YoY). Performance surpassing market expectations Highlights of 2021Q3 KPIs (key performance indicators) are: Net revenues: CNY218.7 bn (US$33.9 bn), +25.5%YoY, beating analysts’ average estimate of US$33.54 bn, according to financial data aggregator...
22 November 2021
Alibaba Group announced financial results for the quarter ended 30 September, 2021. Total revenue is up by +29% year-on-year, but its CMR (customer Management revenue) up by just 3%YoY. Revenue up by 29%YoY, on track of serving 2 bn consumers globally Revenue  was CNY200.69 bn (US$31.15 bn), an increase of 29%YoY. Excluding  Sun Art , total revenue would have grown 16% YoY to CNY180.44 ...
19 November 2021
Mondelez has been in China over 35 years. Joost Vlaanderen, president of Mondelez Greater China, talks about his observations and how the company taps into fast-changing consumer trends in the country. Developing single-serve packs for health-conscious consumers “ Chinese consumers are amongst the fastest changing consumers in the world ,” said Mr Joost Vlaanderen. There are more health-...
16 November 2021
After a strong performance in the third quarter, the retailer has raised its outlook for sales and profit growth for the full year. With momentum heading into the key trading period, what can we expect to see from Walmart? Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 4.3% to $140.5bn, representing an additional $8.8bn in sales Sales in its US stores increased by...