In a historic shift, Walmart has overtaken Suning to become the leader in China’s retail market, marking the first time in 40 years that a foreign company has achieved this position. The Fall of Suning Suning, once a dominant force in Chinese retail, has seen a significant decline. This transition mirrors the fate of Carrefour, […]
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China FMCG sales growth hits 4.7% in Q2 2018
The growth rate of the fast-moving consumer goods (FMCG) in China accelerated during Q2 2018, with annual value growth hitting 4.7%, higher than 2.3% recorded in Q1 and also higher than 4.3% for the whole year of 2017. In the 12 weeks ending June 15, growth for modern trade channels (including hypermarkets, supermarkets, and convenience […]
[REPORT] China Shopping Behavior 2018; value growth of FMCG rebounded
For the first time since Kantar started tracking China’s shopping behaviors six years ago, the rate of total value growth increased over the previous year, from 3.6% in 2016 to 4.3% in 2017. In many ways, the “two-speed” phenomenon still exists, but higher speeds are now more prevalent, driven by premiumization. High-speed categories are steadily […]
China’s FMCG sales bounce back to rare double-digit growth
For 12 weeks ending May 18, 2018, consumer spending on FMCG in China grow by 10.0% compared to the same period last year. Hypermarkets, supermarkets, and convenience stores are showing strong signs of recovery. Consumer spending grew by 10% YoY.
JD.com has 293 million active accounts on its online marketplace in 2017
Net revenues of JD.com for Q4 2017 were RMB110.2 billion (US$216.9 billion), an increase of 38.7% from Q4 2016. Revenues from services and others for Q4 2017 were RMB10.0 billion (US$1.5 billion), an increase of 54.7% from Q4 2016. Net revenues for the full year of 2017 were RMB362.3 billion (US$55.7 billion), an increase of […]
China FMCG market enjoys stronger growth in Q3 2017
Chinese urban consumers’ spending in fast moving consumer goods (FMCG) in the third quarter of 2017 grew by 3.6% from a year ago, indicating a clear recovery.
Alibaba ranked the world’s 2nd most valuable retail brand
Alibaba is ranked the world’s second most valuable retail brand with a brand value of US$49.30 billion, according to WPP’s new 2016/2017 BrandZ Top 25 Most Valuable global Retail Brands ranking.
Kantar Retail: Chinese Retailers Stood Out in 2013
According to a Chinese retailer power ranking report released by Kantar Retail, a global retail insight and consulting business, China retail market has been growing rapidly attributes to the booming economy and the increasing demand for consumption goods.