Alibaba Group (NYSE: BABA; HKEX: 9988) announced robust financial results for the quarter ending September 30, 2024, underscoring its diversified revenue streams and strategic advancements in key sectors such as e-commerce, cloud computing, and international commerce.
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China’s online retail sales exceeded 7 trillion RMB in the first half of 2024
The National Bureau of Statistics (NBS) of China has released data indicating a significant increase in online retail sales in the first half of 2024. The total online retail sales reached 7.0991 trillion RMB (US$981 billion), marking a 9.8% year-on-year growth.
How a Local Chinese Retailer is Transforming Struggling Supermarkets Nationwide
As a retail company making waves across China, Pang Dong Lai has emerged as a white knight, transforming struggling retail enterprises seemingly overnight. A New Business Model in Retail Recent reports highlight that after receiving assistance from Pang Dong Lai, Yonghui Supermarket saw its first-day post-adjustment foot traffic multiply by 5.3 times and sales by […]
China’s Retail Witnesses 7.2% Growth in 2023
In a remarkable close to 2023, China’s total retail sales of consumer goods soared to 4,355.0 billion yuan in December, marking a 7.4% year-on-year increase.
China’s Consumer FMCG Market Snapshot 2023
China’s Fast Moving Consumer Goods (FMCG) market, a critical indicator of domestic consumption patterns, presents a mixed picture in Q2 2023, reflecting both resilience and challenges. Here’s a breakdown based on recent data from CTR and CCTV Market Research’s Kantar Consumer Index. 1. Market Growth and Diversification Despite the “high base effect,” the FMCG market […]
Private domain operation trends of retail chain enterprises in China
WeChat ecosystem has boosted retail chain brands’ business through Official Accounts, WeChat community, personal accounts, mini programs, live streaming, and etc. It delivers better customer retention, higher repeat purchase, and optimal value per customer. Compared with the traditional online channel, the private domain traffic operation saves the platform commission and the platform traffic purchase cost; […]
Alibaba acquires controlling stake in Sun Art Retail Group with US$3.6 billion
Alibaba today announced it will invest approximately USD3.6 billion in respect of Sun Art Retail Group Limited (Sun Art), a leading hypermarket and supermarket operator in China, that will raise its aggregate direct and indirect stake to approximately 72% .
Alibaba opening its first Costco competitor store in Shanghai in Oct
Alibaba is launching Hema x Member on the coming National Day 1 October 2020 in Shanghai, the first domestic funded warehousing membership retail brand in China. The first Hema x Member store will be officially opened on October 1st on the B1 floor of Senlan commercial center in Pudong, Shanghai, covering an area of 18,000 […]
China’s retail sales grew by 8% in 2019; online up 16.5%
In 2019, the total retail sales of consumer goods in China reached 41,164.9 billion yuan (US$6,010 bn), up by 8.0% year-on-year (nominal growth rate). The real growth rate was 6.0%. Of the total, the retail sales of consumer goods excluding automobiles reached 37,226.0 billion yuan, with an increase of 9.0%.
KFC & Ting Hsin’s attempts in membership e-commerce in China
At the KFC V Mall, an order was placed with excitement. The price was pretty good! It’s 10 yuan lower with a 20 yuan coupon and 999 credit points than Taobao’s Juhuasuan. What’ so special about KFC V Mall? In the KFC V Mall, there are quite a few categories – household and kitchen, fresh […]
Alibaba’s Hema penetrating low-tier cities with Hema Mini supermarket
On September 3, the 5th day of the opening of the Hema Mini in Shanghai’s Pujiang City Life Plaza, RMB 0.99 for Hangzhou cabbages and abalone for RMB 1.99 attracted the senior residents to rush buying. A shopping guide shouted: “steak is on sale, download Hema App and you are eligible to buy one get […]
Ingredients to win omnichannel retail in China
For all retailers and manufacturers around the world, the big question is always the same: “how do we grow when, globally, volumes are sluggish?” If we look exclusively at trade aspects, the past years have seen the decline of larger formats, the rise of value-for-money models, the boom of e-commerce, and cannibalization between channels. This […]
China shopper trends 2019; premium products, small brands, new retail lead the future of FMCG market in China
China’s market for fast-moving consumer goods (FMCG) for at-home consumption remained robust in 2018, despite general concerns about a slowdown. Total spending on FMCG rose 5.2%, a slight increase over last year’s 4.7% gain. Overall, the two-speed growth scenario Kantar identified in 2016 has continued to evolve, with home care and personal care categories growing […]
A Chinese retailer’s digital transformation journey
Last November, Tianhong’s Junshang 3019sp@ce supermarket officially upgraded to a WeChat payment smart retail store. The number of cashiers reduced from 15-20 to only two on that day, most of which were replaced by self-checkout machines.
China FMCG market overview Q1 2019
The total spending of the fast-moving consumer goods (FMCG) recorded moderate value growth of 2.4% in the 12 weeks ending March 22, 2019, compared to the same period in 2018, according to Kantar Worldpanel China. Non-food, especially personal care categories, maintained a robust growth while the food and beverage sector showed a weaker performance of […]