Retail & E-Commerce

China’s mobile payment to reach 650 million users in 2018

The transactions of online payment in China totaled exceeded US$3 billion in 2017, with a decrease of 0.5% from 2016. China’s mobile payment had 562 million

China FMCG sales growth hits 4.7% in Q2 2018

The growth rate of the fast-moving consumer goods (FMCG) in China accelerated during Q2 2018, with annual value growth hitting 4.7%, higher than 2.3% recorded

China’s top 10 cross-border export e-commerce apps 2018

The transactions of cross-border e-commerce in China reached US$1.22 trillion in 2017, with an increase of 20% from 2016 (US$1.01 trillion). The transactions of export e-commerce

70% of Uniqlo overseas revenues generated from China and set to open 1,000 stores by 2021

The Fast Retailing Group generated rises in both revenue and profit in the first nine months of fiscal 2018 from 1 September 2017 to 31

Starbucks and Alibaba Strategic Partnership Press Conference

Insights of Starbucks and Alibaba’s strategic partnership

Starbucks and Alibaba announced their strategic partnership on August 2, 2018, in Shanghai. It involves multiple digital channels from the Alibaba ecosystem, including Ele.me, Hema,

Starbucks China comparable store sales down 2% in Q3 FY18

In Q3 FY18, Starbucks reported consolidated net revenues up 11% to a record $6.3 Billion from the prior year. The comparable store sales up 1%

[STUDY] Chinese online shoppers prefer cross-border online shopping

China has more online shoppers than the US, the United Kingdom, and Australia combined. With online sales now at over 16% of total retail sales,

Second-hand products trading on the rise in China

Consumption value and method are changing along with the rising of the Chinese middle class, post-90s, and post-00s. Users aged between 24 and 30 y-o accounted

Online grew to 23% of China’s total consumer retail sales in June 2018

In June 2018, the total retail sales of consumer goods reached 3,084.2 billion yuan (US$461.05 bn), up by 9.0% year-on-year (nominal growth rate), according to

ex-Googler founded Pinduoduo ready for US IPO

Ex-Googler and founder of Pinduoduo China’s social e-commerce player Pinduoduo updated its IPO prospectus previously filed with US Securities and Exchange Commission (SEC) on July

How Tmall, Alibaba’s new retail, could transform RT-Mart

How can Alibaba change RT-Mart? Since Alibaba invested 22.4 billion yuan (US$3.43 billion) in the retail chain’s parent company, Sun Art Retail Group, the answer

Cross-border e-commerce startup Xiaohongshu reached 100 mn users in May 2018

China’s e-commerce startup Xiaohongshu, or “Little Red Book,” has raised US$300 million with a valuation in excess of US$3 billion on May 31, 2018. Alibaba