China
Pinduoduo wins ESG Initiative of the Year at the 17th Retail Asia Awards
Pinduoduo wins ESG Initiative of the Year at the 17th Retail Asia Awards
China’s leading agricultural platform was recognised for its efforts in creating more sustainable streams of income for small-scale farmers through online commerce.
Lukfook’s attributable profit rises 36.9%YoY in 2022
It saw a record revenue growth of 32.5%.
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.
Tmall Global emerges as Chinese shoppers’ favourite platform
It is followed by JD.com Global and Amazon.cn.
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.
China’s luxury market suffers from spending crunch amidst strict COVID measures
Despite this, consumer appetite remains strong.
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.
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