China
LVMH’s Fendi launches flagship store on JD.com
The brand has launched a new capsule for the incoming Chinese Valentine’s Day.
JD Worldwide launches physical experience center in Xi’an
The centre showcases various products such as food, liquor, and supplements.
Shenzhen’s retail market face concerns despite expansion
Retail sales of consumer goods fell in the first quarter.
Alibaba’s RT mart launches bottle recycling initiative in China
Empty plastic bottles will be transformed into table tennis tables.
J Shop opens first flagship store in southwest China
Around 400 brands and 2,000 products are carried in the shop.
Pinduoduo wins ESG Initiative of the Year at the 17th Retail Asia Awards
China’s leading agricultural platform was recognised for its efforts in creating more sustainable streams of income for small-scale farmers through online commerce.
Lukfook’s attributable profit rises 36.9%YoY in 2022
It saw a record revenue growth of 32.5%.
Longchamp opens flagship store on JD.com
This brings the number of luxury brands on JD to over 300.
JD Health buys pet care business
The acquisition was worth $355.4m.
China’s FMCG retailers must compete amidst growing digitization: Bain
Retailers must focus on categories that continue to have low online penetration.
How Western brands can earn Chinese shoppers’ trust
Around seven in 10 said it is through information in the flagship stores.
Tmall Global emerges as Chinese shoppers’ favourite platform
It is followed by JD.com Global and Amazon.cn.
Around 67% of Chinese consumers to shop more online: report
Online spending in the market will likely rise substantially in the next 12 months.
JD618 Grand Promotion sees RMB379b transaction volume: JD
This exceeded last year’s transaction volume.
China’s luxury market suffers from spending crunch amidst strict COVID measures
Despite this, consumer appetite remains strong.
Mytheresa picks Steven Xu as president in China and APAC
He previously served as an executive for Ralph Lauren.
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AI prompts fearless dive into corporate reinvention
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Technology
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
