China

Longchamp opens flagship store on JD.com

This brings the number of luxury brands on JD to over 300. 

JD Health buys pet care business

The acquisition was worth $355.4m.

China’s FMCG retailers must compete amidst growing digitization: Bain

Retailers must focus on categories that continue to have low online penetration.

How Western brands can earn Chinese shoppers’ trust

Around seven in 10 said it is through information in the flagship stores.

Around 67% of Chinese consumers to shop more online: report

Online spending in the market will likely rise substantially in the next 12 months.

JD618 Grand Promotion sees RMB379b transaction volume: JD

This exceeded last year’s transaction volume.

Mytheresa picks Steven Xu as president in China and APAC

He previously served as an executive for Ralph Lauren.

Alibaba’s Tmall launches childcare consulting service

The service came in a tie-up with over 200 product specialists and 50 brands.

Intime’s Hangzhou store offers free rides to customers

The service does not require minimum purchases from shoppers.

Alibaba’s Intime ties up with 16 brands for recycling initiative

Around 60 recycling stations will accept used clothing for recycling.

China’s 618 shopping festival to dictate retail sector’s fortunes: report

Businesses are counting on the festival to invigorate the sector.

Two beauty brands join JD’s online platform

Armani Beauty and La Mer are bringing over 200 new products on the platform.

Alibaba’s Ele.me to roll out $75m subsidies to consumers, merchants

The company also set aside $10m in benefits for its employees.

Alibaba Group 2022 net income drops nearly 60% to US$9.77b

The Group linked this to decreases in market prices of its equity investments.