In September, Alibaba’s supermarket chain, Freshippo, opened 30 new stores across China, averaging one store per day, amounting to 350 locations. Freshippo’s latest expansion developments The recent openings include 16 Freshippo Xiansheng supermarkets (meaning “fresh food” in Mandarin”), three Freshippo Mini stores, 9 Freshippo outlets and one Freshippo X club across China. In addition t...

If you have not heard about Temu before, you probably would start noticing more and more of its ads on your social media after reading about it. 1. What is Temu? Temu, launched in September 2022, is a cross-border ecommerce platform owned by PDD Holdings (formerly known as Pinduoduo) in China. It has been one of the recently most downloaded apps in the UK and US with 50 million downloads in m...

Walmart reported ‘better-than-expected’ results in sales, operating income and adjusted EPS in the second quarter. Off the back of this, it has increased its full-year guidance. Here we delve into those numbers and explore the latest updates to its strategy.   Key numbers Q4 total revenue increased by 5.7% to $161.6 bn Sales in US stores grew by 5.4% (net), with Sam’s Club up 5.3% (...