Kit Wan Maggie Yau’s Post

China #Retail & #Ecommerce Weekly Update (9 – 15 August 2024) · Li Jiaqi’s brand Never’s Family begins livestreaming on Douyin · Youzan’s revenue down 5.2% yoy to 686 million yuan in 1H24 · Douyin Delivery reassigned from e-commerce to local lifestyle services division · Vipshop: The number of tennis skirts purchased by post-95s more than triple year-on-year · JD.com’s 2Q24 revenue reaches 291.4 billion yuan as income from operations reaches 10.5 billion yuan · Alibaba’s revenue goes up by 4% yoy to reach 243.2 billion yuan in June quarter  · SHEIN sets up supply chain headquarters in Guangzhou with 3.69 billion yuan investment  · SF Intra-city provides merchant support for Chinese Valentine’s Day  · Alibaba enters Hong Kong express delivery market as Cainiao Hong Kong launches local express delivery service  · Hermès perfume and cosmetics now available on JD.com · Chantecaille expands presence in China with Tmall flagship store  · Yum China reaches 15,423 stores  · NBS: Total retail sales of consumer goods up by 2.7% yoy in July 2024 · Beijing publishes municipal guidelines on livestreaming e-commerce https://lnkd.in/gN859-yt

China #Retail & #Ecommerce Weekly Update (10 – 16 May 2024): · JD.com offers nine-minute delivery via its upgraded on-demand delivery service JD NOW · Domestic brands account for more than 70% of the top 100 most searched brands on JD.com over past year · Dingdong Maicai’s GMV grows by 1.4% yoy in 1Q24         · Alibaba’s revenue grows by 7% yoy in March quarter  · The number of industry-belt merchants on Douyin up by 194% yoy in 2023  · Kuaishou E-commerce’s shelf-based GMV accounts for more than 20% of total GMV in 1Q24  · Dada Nexus’ 1Q24 revenue reaches 2.45 billion yuan  · Wangfujing Group establishes digital innovation retail company · Freshippo opens three new stores in Beijing in May · Peacebird’s first global flagship store opens at Ningbo Tianyi Plaza · MINISO’s revenue grows by 26% yoy in 1Q24  · Burberry’s comparable store sales in China fall 19% yoy in March quarter · Linkshop: 31 new shopping malls open nationwide in April · There are now over 9,500 coffee shops in Shanghai https://lnkd.in/gtiX97Sd

While the world of online sales in China is always changing, there are some things that still hold true: 1. Double Eleven ("Single's Day") is still huge business, 2. Tmall still rules the roost, 3. Chinese customers are more discerning every year. #tmall #china #ecommerce #internationalsales #luxury

Taobao and Tmall, two of the major E-commerce platforms in China, are shifting gears for the upcoming nationwide 6.18 Shopping Festival and will no longer be implementing the pre-sales model. Pre-sales was a previous model that the platforms utilised for domestic stores, allowing users to place deposits prior to the start of campaigns to guarantee product availability in the case of the product selling out. Oftentimes pre-sales would also offer additional discounts for consumers. The cancellation of this model comes as an attempt to increase competitiveness against other platforms, and prevent consumers from switching to other platforms during the pre-sales period. This is especially true as past issues with the pre-sales model have included product delivery failures, pricing inconsistencies, and unreliability of after-sales support. Replacing pre-sales, Taobao and Tmall will instead initiate two direct rounds of campaigns, starting on May 20th at 8 pm and May 31st at 8 pm. When it comes to brand strategy, the impact is likely to be minimal as we wait to see how consumers respond to the revamped promotional model. It may, however, have some impact on inventory management and also the ability for brands to warm-up the hype around the major sales period. To recap, the 6.18 Shopping Festival stands as one of China's largest online retail events, alongside Singles' Day/Double 11. Last year's event saw the cumulative GMV across E-commerce platforms of over CNY 798.7 billion (USD 111 billion). #RedFernDigital #China #Chinamarket #Ecommerce #618 #Ecommercefestival

Ralph Lauren: The hidden side of Double 11? 🤔 If you have already read my newsletter on Friday or if you are active on Chinese social media, you are already up to speed ... because this topic is EVERYWHERE in China 🇨🇳 Double 11, or Single's Day, is the biggest e-commerce shopping festival in China during which brands can achieve high sales and revenue 💸 This year, Ralph Lauren achieved 16 billion RMB in GMV It is 2.2 billion USD in GMV 🤯 This information was shared everywhere, electing them as the great winners of the festival, but the reality behind was different The brand faced a return rate of 95% 👉 A lot of consumers placed Ralph Lauren products in their cart for Double 11 to qualify for discounts and maximize their savings before returning the products when the savings were secured What it is teaching us: 1. Always verify the tremendous success you find online, especially during Double 11, as the reality is often much different 2. Learn the discount rules and games before launching your e-commerce store or joining festivals in China, as your ROI may not be at its highest #Double11 #Ecommerce #China ______________ Follow me for more China-related insights ✨ At AB ADVISORY, we work on the 360° of International luxury, fashion, and lifestyle brands in China to build their brand awareness and grow their sales through market study, social media, press, and retail

Business for Sale Money-making Online Appliance Store Business P8 million + inventory approx @P3 million Founded in June 2020, the company has become a thriving online appliance store with impressive financial performance. Operating primarily on platforms like Shopee and Lazada, it has sold over 150,000 units, resulting in accumulated gross sales of P171M and a net income of nearly P10.0M from inception in 2020 to September 2023. As of November 24, 2023, its current assets were at P6.4M. These consisted of cash of P3.2M, receivables of P1.5M, and inventory of P1.7M. Liabilities for the same period was only P0.6M. The business shows robust financial health. The online store has achieved prominence through major e-commerce platforms, accompanied by a strong online presence and positive customer feedback. Key achievements include: • Prominent online visibility • Self-sustaining operational efficiency • Robust brand alliances with leading appliance manufacturers NOTE: Signing of a non-disclosure agreement is required for interested parties who would like to more details. For inquiries: Jard Gerona | Business Broker Mobile | Viber +63998 4689366 Email [email protected] #businessforsale #LINKPHisHere #authorityinsellingbusinesses #gamechanger #buyabusiness #mergersandacquisitions #expats #exitstrategy #jardgeronabusinessbroker

Trouble is in store for SA retailers as Chinese e-commerce giants, Temu and SHEIN, snatch market share. Should SA regulators be alarmed or welcome these new entrants that boost the sector’s competitiveness? Gerhard J. discusses the implications for SA consumers and retailers alike in his latest article featured in Business Day, as well as the investment opportunities for global funds. #investments #globalinvesting #ecommerce

China #Retail & #Ecommerce Weekly Update (19 – 25 April 2024) · Weixin Channels launches local lifestyle services business · Kuaishou 2023 ESG Report: Kuaishou creates 40.22 million employment opportunities · Costco launches ‘Costco Home Delivery’ online shopping platform · JD.com’s 7Fresh supermarket chain launches city-wide delivery service in Beijing · Li Ning’s retail sell-through increase slightly in 1Q24 as its e-commerce business grows by over 20% yoy · MLB hopes to expand outdoor goods business in China through sub-brands · American denim brand True Religion enters the Chinese market · Peacebird reshapes brand image to promote its brand strategy · L’Oreal’s China sales increase by 6.2% yoy in 1Q24 · Tims China achieves 56% yoy revenue growth in 2023 · Pop Mart’s 1Q24 revenue increases by 40%-45% yoy · Suning Industrial Product launches new plan to build 1,000 unmanned front-end warehouses in the next three years · 82 first stores open in 1Q24 with Beijing surpassing Shanghai as first store destination · MOFCOM: Over 70 million people are employed in e-commerce jobs nationwide https://lnkd.in/gD38M5A2

👏 What is Next doing?? Gotta bloody hand it to Next—a UK brand that really seems to have its head screwed on from those days of heavy catalogues to this day... While Asos and Boohoo are wrestling with slipping sales we hear, Next is out here smashing it online, especially overseas. Their focus on full-price sales abroad shows just how crucial a solid digital game is right now. Next says the increase of full-price sales, with a 4.4 percent increase over the past half year, without specifying exact amounts. Basically shows that full-price sales in Next stores have declined, but they have grown online. I’ve always followed them since their days of massive huge heavy 🏋️♂️catalogues, but this is smart, they’ve been expanding their digital reach well beyond the UK, with huge success in international markets with full price sales via online platforms. It’s a real reminder that if you’re not adapting and pushing those boundaries in ecommerce, you’re gonna get left behind. They are seemingly innovating the way they grow. Article: https://lnkd.in/eNSkiPyY #UKRetail #EcommerceWins #DigitalGrowth #RetailTrends #OnlineStrategy

At one point of time - Azoya could be one of the few companies in China that knows Lookfantastic the best, apart from LF's own China team, because the whole rivalry thing between LF and Feelunique (ex-Sephora UK). We studied their campaigns, merchandising, marketing messages, and I guess vice versa as well. We also know a lot of LF's ex-China team members and maintain good personal relationship with each other. It's still sad to see LookFantastic exiting the China market, as consumers would now loose access to a lot of niche beauty brands that aren't available in China. For beauty brands - they are also loosing a channel to communicate with Chinese consumers. As the online traffic becomes more diversified and fragmented, a common ground for brand introduction, marketing and sales becomes even more valuable. We know this extremely well because a lot of our customers are still loyal with our mini-program and Apps, who trust the authenticity of our products. That's why Azoya is strategically launching our own marketplace ARTI, a platform that connects global beauty brands / retailers with Chinese consumers via cross-border e-commerce. Brands can choose our global warehouse hub as fulfillment hub, or integrate with our system to enable real-time inventory sync. ARTI also connects with Tmall, JD.com, and Xiaohongshu (Little Red Book), so brands can easily launch in China without the need to find a TP or distributor. ARTI aims to become an alternative channel for Chinese consumers to buy global beauty brands, and on the other hand an easy channel for international brands to test the water in China.