China
JD Worldwide begins “Bayern Selectives Pavilion” for cross-border e-commerce initiative
The initiative will bring Germany-based products to Chinese online consumers.
JD Worldwide begins “Bayern Selectives Pavilion” for cross-border e-commerce initiative
The initiative will bring Germany-based products to Chinese online consumers.
E-commerce leads China’s FMCG market with 4% YoY in Q3
Smaller formats such as super/mini and grocery stores are also gaining traction.
China’s FMCG sector sees ‘soft recovery’: report
The sector saw a 1% growth in the first nine months of 2023.
JD Logistics achieves a 70% growth in overseas orders during Black Friday
AI and automation helped propel sales for the China-based e-commerce channel.
JD Worldwide launches feature to support beauty, skincare retailers
The platform will feature incentives for sellers of beauty and skincare items.
Budweiser Brewing Company APAC Limited secures double win at the FMCG Asia Awards
It won for going beyond its initial targets for its initiatives.
McDonald’s to buy Carlyle share in McDonald's China
This will increase its shares in McDonald's China to 48%.
L’Oréal introduces new Beauty Tech features
All four offerings present the theme “beauty for all, beauty for each."
Baijiu sales growth in China propelled by banquet demand
The distributors’ average advance payments grew by 7% YoY in Q3 2023.
JD.com breaks records for 2023 Singles Day Grand Promotion
Transaction volume reached more than $137.18m.
Alibaba’s Taobao and Tmall achieve record growth for 11.11 sale
Over 400 Brands from Taobao and Tmall channels have exceeded more than $13.7m.
Birkenstock appoints Tiffany Wu as Greater China MD
The appointment will include the company’s expansion over the Chinese growth region.
JD.com rolls out authentication services for imports
JD Smart Check will enable a seamless and secure inspection process for products.
Around 3 in 4 shoppers planning to cautiously spend on Singles Day
Consumers are becoming more value-conscious for their Singles Day spending.
Consumers search for value to define Singles’ Day 2023: report
Around 62% of respondents will spend $410 for the biggest shopping event in China.
Dufry signs as master concessionaire at Wuhan Tianhe Airport
The Swiss-based retailer has recently merged with global catering leader Autogrill.
SHEIN buys UK-based retailer Missguided
Missguided products will become available on all SHEIN sites and platforms.
Commentary
Why micro-retail is the way to go to reach Southeast Asian shoppers