China news

16 May 2019
A.S. Watson has expanded its Watsons One Pass loyalty program to cover over 660 stores in China’s Greater Bay Area. Convenience for cross-border travellers Shoppers in Guangdong, Hong Kong and Macau are now able to enjoy member benefits when they shop at Watsons by using just one loyalty card, Watsons One Pass. The retailer operates in all 11 cities in the Greater Bay Area, and the new init...
16 May 2019
Alibaba Group announced financial results for the quarter ended 31 st March 2019. Strong performance with growing user base The group reported strong performance for the quarter. Daniel Zhang, Chief Executive Officer of Alibaba Group commented that “ Alibaba is becoming synonymous with everyday consumption in China, growing our base to 654 million annual active consumers and extending our ...
15 May 2019
FamilyMart is reportedly suing to end its partnership with Taiwanese conglomerate Ting Hsin Group in China. Dispute over royalties and visibility FamilyMart has accused Ting Hsin of failing to arrange a fair share for profits it earned from its business in China, and not providing adequate information on the venture’s profitability. More about the partnership FamilyMart first establis...
10 May 2019
Alibaba and Bailian Group are planning to open 500 Ego convenience stores in China this year. New Retail convenience stores The first store, which has opened in Shanghai, operates around 500 sq m and has six key areas: coffee, bakery, foodservice, fresh, grocery retail and leisure/dining. About two-thirds of the store area is dedicated to fresh or foodservice, including coffee, bakery an...
09 May 2019
The Chinese ecommerce giant confirmed this week that it has closed its office in Australia less than 15 months after opening in February last year. A measure to mitigate losses JD.com’s Australian office in Melbourne, where Alibaba also has an office, was a step for the company to work closely with Australian suppliers and sell Australian goods, including food, wine, health supplements, vit...
09 May 2019
Dairy Farm has released its results for the first quarter of 2019, with sales ahead of the same period last year. Food: large formats remain a challenge, convenience strong The Group’s multi-year transformation plan for its Supermarkets and Hypermarkets business is underway, but CEO Ian Mcleod previously estimated it will take the company five years to complete its turnaround plan.  Sales i...
01 May 2019
 JD.com plans to invest CNY6.5bn (US$965.1m) in Thailand over the next three years to strengthen its fresh food business. Offering shoppers more choices In partnership with Yonghui, JD.com plans to import large quantities of durian, mangosteens, coconuts and other fruits from Thailand worth CNY5bn (US$742.4m). JD.com itself will also source an additional CNY1.5bn (US$222.7m) worth of fruits...
29 April 2019
Yonghui has posted another strong set of annual results. Total revenue increased 20.4% to CNY70.5bn (US$10.5bn), with consolidated net profit up 18.5% to CNY1.5bn (US$219.9m). Fastest growing bricks-and-mortar retailer in China Despite increasing competition and the market’s slowdown in growth, Yonghui continues to be the fastest growing bricks-and-mortar retailer in China. To maintain g...
18 April 2019
Amazon is reportedly shutting down its domestic ecommerce marketplace business in China by mid-July. It will focus on cross-border business. A challenging ecommerce market Amazon has been facing fierce competition from Chinese ecommerce companies. Alibaba and JD.com can deliver a larger range of products to Chinese customers faster with their scale and infrastructure. There are also smaller...
17 April 2019
Japanese cosmetics company Shiseido and A.S. Watson have partnered to launch an exclusive derma skincare range under the “D Program” brand. A.S. Watson working closely with brands A.S. Watson partners brands to drive innovation. Last month, we outlined how it is partnering L'Oréal's AI and AR firm ModiFace have launched a virtual makeup service . The retailer's latest initiative is to ...