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Alibaba Group announced financial results for the quarter and fiscal year ended 31 March 31, 2021. Full-year 2020 revenue rose 41% to CNY717.3 bn (US$109.5 bn). The company also reached a milestone of over one billion annual active consumers.

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The company has rolled out a new set of measures to benefit merchants and sellers on its online marketplaces, Tmall and Taobao, after record anti-trust fine .      Offering services free or at lower costs, supported by technological improvements Alibaba Group Chairman and CEO Daniel Zhang said that ongoing technological improvements and upgrades have enabled the company to expand its por...
CEO of Alibaba’s Freshippo grocery retail chain, Hou Yi, has announced expansion plans to open 10 more Freshippo X Stores in 2021. The first store is profitable within two months of the store opening The first X Store, Alibaba’s membership-only wholesale store, opened in October last year in Shanghai. Hou Yi revealed that the store is making profit by end of 2020, merely two months from t...
China has imposed a record fine of CNY18.2 bn (US$2.8 bn) on Alibaba, one of the country’s largest online retailers, after an investigation found the ecommerce giant violated China’s anti-monopoly law. A slap on the wrist: painful but bearable On Monday 12 April, Alibaba accepted a CNY18.2 bn (US$2.8 bn) fine from China’s competition watchdog, the State Administration for Market Regulation ...

Presentations

01/04/2021
Explore 10 sustainability case studies, we have spotted in the food and CPG industry, during the first quarter of 2021.
12/03/2021
Retailers and suppliers are generating positive returns as they implement omnichannel-focused initiatives. From higher shopper spend to more efficient operations, omnichannel projects are helping companies stand out and gain share.
19/02/2021

Two year growth forecasts for the grocery market, the leading retailers and modern trade grocery channels in China.

China country presentation

This in-depth guide to China explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.

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