China news and analysis

19 January 2021
In a store opening race post-COVID, Alibaba opened 21 new Freshippo stores and JD.com 14 SEVEN FRESH outlets in just one month.  Alibaba opens 21 new stores in 13 cities in December The 21 new stores include 19 Freshippo supermarkets and two Freshippo Mini. “ The store opening in December is the fastest in our company’s history ,” said a Freshippo official. Every crisis brings opportun...
19 January 2021
Freshippo, Alibaba’s grocery retail chain launched in 2016, is the gold standard for the integration of online, offline, technology and logistics to create a greatly enhanced shopping experience. In an exclusive interview with IGD, Guo Xulin, Chief of Staff of Alibaba’s Freshippo Business Group, highlights the aspects that distinguish the New Retail, which Freshippo represents, from old retail. ...
08 January 2021
One of the most common questions I get asked by businesses, is how will my market develop over the next few years. While there remains uncertainty over what the next 12 months will look like, there is a strong sense of optimism that 2021 will be a year to rebuild, but also capitalise on the opportunities that have arisen in the ‘new normal’ across Asia. With this in mind, we have identified five ...
08 January 2021
We review major events that took place in China's grocery retail industry in the past year. 1. Flourishing of community stores Community store is the next big thing in China. It is estimated that 30% - 40% of the urban consumption expenditure is within 1 km of the community in China. It is an area that big format stores and online players find very hard to reach. The pandemic has acce...
15 December 2020
The retailer unveils two innovative store concepts, Freshippo Bakery and Freshippo Cross-Border Go, within the same week in Shanghai. 100+ different types of products, baked daily on site Opened on 8 December, it is the first Freshippo Bakery store in the country. Located in Ordos International Building, the store’s gold and pink exterior design is eye-catching and hard to miss. The stor...
11 December 2020
Suning.com, owner of Carrefour China, has launched a new ecommerce platform called Yunwang Wandian in December. Securing CNY6bn (US$915.5m) in funding The retailer has spun off its online retail platform and e-commerce services activities into a newly formed business called Yunwang Wandian with approximately US$915.5m in funding. The capital was provided by Shenzhen Capital Group, Sen...
07 December 2020
The ecommerce retailer announced that three 7Fresh stores will be launched between 18 and 25 December, all in Guangzhou. Providing a worry-free experience for customers The new stores are under the banner of 7Fresh Life, which is JD.com’s community store format . To fulfil the shoppers needs of the local catchments, the stores offer the following services: 24-hour opening 30...
02 December 2020
Pushing towards a cashless future, China has become the first major economy to carry out a real-world test for its digital currency after six years developing the idea. Here is a basic guide to what digital currency is, how it is different to other electronic payments and what implications to be aware of. What is China’s digital currency? China’s digital currency is a payment system created...
30 November 2020
Speaking at a forum in Shanghai last week, Alibaba Group Chairman and CEO Daniel Zhang, shared the new consumer behavior and trends seen during this year’s 11.11 Global Shopping Festival . Mature consumers: sharp rise in numbers and big spenders The number of mature consumers, defined as Baby Boomer generation (born between 1946 and 1964) and Gen Xers (born between 1965 and 1980), ha...
18 November 2020
JD.com reported net revenues of CNY174.2 bn (US$25.7 bn) for the quarter ended 30 September, 2020, an increase of 29.2% year-on-year (YoY). Significant KPI (key performance indicator) increases Net revenues : CNY174.2 bn (US$25.7 bn), +29.2%YoY Net service revenues: CNY22.8 bn (US$3.4 billion), +42.7%YoY Annual active customer: 441.6m in the twelve months ended 30 September...