China: latest retail news, insights and analysis | ESM Magazine

US E-Commerce Penetration Rate Hits 87%, Study Finds

E-commerce penetration in the United States stands at 87%, well ahead of most European countries, a new study by Stocklytics.com has found.

Chinese Food Delivery Group Meituan Sees Revenue Beat Expectations

Chinese food delivery giant Meituan has reported a bigger-than-expected 22.6% rise in quarterly revenue.

Alibaba Groceries Arm Freshippo CEO To Retire

Freshippo, the groceries arm of e-commerce giant Alibaba Group, has told its staff that its CEO Hou Yi will step down and retire and be replaced by the uni...

Amazon Earned €581 Per Second In 2023, Study Finds

Online giant Amazon earned $636 (€581) per second last year, new data on the global e-commerce market has found, more than its Chinese rivals Alibaba...

JD.com Beats Quarterly Revenue Estimates As Heavy Discounts Buoy Demand

Online retailer JD.com has reported fourth-quarter revenue above estimates and announced it would increase the size of its share repurchase programme.

Alibaba Boosts Share Buy Back As Revenues Miss Estimates

China's Alibaba Group Holding missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in...

Alibaba Promises Major Discounts Ahead Of China's 'Singles Day' Event

E-commerce giant Alibaba Group said it will be offering huge discounts as it gears up for its annual Singles Day shopping extravaganza - an indication that...

Alibaba Shares Slide 4% After Former CEO Quits Cloud Unit

Alibaba stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit its cloud computing unit in a surprise decision that unsettled...