Online news

24 August 2018
Alibaba has reported a total revenue of RMB 80.9bn (US$12.2bn), up 61% from the same quarter last year. The growth is mainly driven by its core ecommerce business and fast-growing cloud division. Core ecommerce business Alibaba's core ecommerce business, mainly Tmall and Taobao, is still the company's biggest unit, accounting for around 86 percent of revenues. Core ecommerce revenues were r...
24 August 2018
Singapore's leading online supermarket, RedMart, has announced a partnership with Sainsbury's, one of UK's leading grocery retailers. RedMart will make 320 Sainsbury's products available exclusively to its shoppers from 29th August 2018. Providing healthy product range The product lines are focused on great quality and value, with an emphasis on the health and wellness range including: ...
20 August 2018
Another giant ecommerce player may enter Indian market. Investment of at least US$5 bn from Alibaba Talks have begun between Alibaba and Reliance Retail about the possibility of creating a mega retail joint venture. Jack Ma, Alibaba’s executive chairman and Mukesh Ambani, Reliance Industries Ltd. chairman met recently to discuss plans to create an omnichannel retail entity. If it proceed...
20 August 2018
JD.com, part-owned by Walmart and Chinese technology giant Tencent, has reported a 31.2% increase in revenue to RMB122.3bn (US$218.5bn), for the quarter ended June 30. Key developments in Q2 JD.com had over 170,000 merchants on its online marketplace, 521 warehouses with a gross floor area of 11.6m sq m as of June 30, 2018. It has expanded its leadership position in fulfilment capabilities ...
16 August 2018
Kroger is partnering with Alibaba’s Tmall Global to sell a range of private label items. Access to Chinese market One of the largest US grocery retailers, Kroger, is to start selling a range of its Simple Truth natural and organic products in China through Alibaba’s Tmall Global. This will provide it with access to more than half a billion Chinese consumers and will be the first time it has...
14 August 2018
Alibaba Group has introduced 88VIP, a new tier of its 88 Membership programme, to its top shoppers. It aims to offer exclusive discounts, rewards and experiences across Alibaba’s ecosystem, including Tmall Supermarket. The benefits of 88VIP 88VIP members will get 5% off when shopping on Tmall Supermarket, Alibaba’s online grocery channel, as well as some flagship stores on Tmall and Taobao....
10 August 2018
Shopee, an online shopping platform with presence in Southeast Asia and Taiwan, is selling groceries via a mobile phone app in the Philippines. Launch of Shopee Mart As part of its launch celebration, Shopee revealed discounted items through daily flash deals on its platform. Shoppers can enjoy up to 90% off selected grocery items during its launch period. Jane Lim, director of Shopee Ma...
10 August 2018
Competition Commission of India approves $16bn acquisition. Approval sets the stage for intensified competition In May, the world’s largest grocery retailer agreed to acquire an approximate 77% stake of Flipkart , in India’s largest ecommerce deal to date. That deal is now approved by India’s anti-trust regulator. With the acquisition cleared to proceed, Walmart’s presence within I...
09 August 2018
Alibaba has announced plans to roll out its farm-to-shelf food tracking app to all 64 Hema stores, across 13 cities in China, by the end of the year. Highly transparent supply chain The app is already operational in 17 stores in Shanghai and allows shoppers to scan products to better understand both food provence and a products pathway through the supply chain. Through scanning a QR code in...
03 August 2018
Online is one of the world’s fastest-growing grocery channels. But what does it look like in Asia, and who are the retailers to watch? Shirley, our programme director at IGD Asia , highlights some of the trends. There’s a global revolution taking place in grocery retail And we’ve identified three critical battlegrounds. Will they favour a larger store or a small convenience shop? Wil...