China
Urban China FMCG market sees 2.6% YoY growth in Q1 2024
Urban China FMCG market sees 2.6% YoY growth in Q1 2024
Home alcohol and beverage consumption surged in the past 12 weeks.
China's luxury market set for mid-single-digit growth in 2024
It witnessed a 12% YoY growth in 2023.
7-Eleven South China wins Retail Asia Awards for ready-to-eat shopping enhancement
It has implemented a three-phase strategy in addressing issues in its RTE shopping experience.
Taikoo Li Qiantan earns Mall of the Year - China at Retail Asia Awards 2024
Swire Properties' Shanghai marvel blends wellness and luxury in an unprecedented retail experience.
Over 10k brands see over fivefold transaction surge in JD.com's 618 Grand Promotion
Major brands like Apple, Midea, Haier, and Xiaomi quickly surpassed the $14m mark in sales.
Chinese food industry sales hit $328.7b in 2023
The growth was largely driven by staple foods.
LVMH extends partnership with Alibaba to boost omnichannel presence in China
Alibaba Cloud's AI capabilities will be integrated to develop new applications and services for LVMH's global consumers.
JD.com launches enhanced JD NOW on-demand retail service
It promises rapid delivery of premium products from over 500,000 stores to 2,300 locations in China.
Why China's luxury consumption is slowing down
Factors include a shift from overseas to domestic spending, consumption moderation, and the return of outbound tourism.
DHgate reports 10% drop in counterfeit products for 2023
Brand complaints also decreased by over 50%.
What fuels China's digital economy surge
Rising incomes have led to higher consumer demand for seamless shopping experiences.
JD.com launches ‘Trade-in Alliance for Household Appliances and Home Goods’
The move aims to expand and enhance trade-in services across China.
Sephora launches DRUNK ELEPHANT in Mainland China
It is now accessible in Sephora stores located in major cities such as Beijing, Shanghai, Guangzhou, and Chengdu.
MINISO enhances employee welfare and environmental initiatives in 2023
Women hold 61.8% of senior management positions in China.
JD.com targets doubling high-performing merchants for 618 Grand Promotion
It plans to optimize traffic by prioritizing top-rated stores and competitive products in search and recommendations.
China's F&B sector growth to slow on back of soft economy
Despite the anticipated slowdown, the F&B sector continues to exhibit robust growth.
Yum China aims to open 20,000 stores by 2026
It also plans to return at least $3b to shareholders from 2024 to 2026 through dividends and share repurchases.
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This has already led to improved click and conversion rates for the group.
