China Retail & E-commerce Weekly Update presents the latest developments in two of China’s fastest changing and rapidly evolving markets – retail and e-commerce.

Key highlights in this issue:

I. Sector Review

Internet & E-commerce

• JD.com launches ‘New Small and Medium Merchant Growth Plan’
• Alibaba develops AI e-commerce tool ‘Huiwa’
• East Buy joins Pinduoduo
• Over 100 new spring products from domestic brands debut on Tmall 
• JD.com’s 2023 revenue up 3.7% yoy to 1.0847 billion yuan
• Bilibili’s 4Q23 revenue increases by 3% yoy to 6.35 billion yuan  

Retail Logistics 

• JD Logistics’ revenue reaches 166.6 billion and turns profit in 2023 

Apparel & Sports 

• Anta to open first sneaker collection store in Beijing 
• Sandro and Maje to reduce stores in China
• Uniqlo says it will continue to invest in China  

Food & Beverage 

• Yum China’s net profit surges 87% yoy in 2023 with 1,697 net new store openings
• Tim China CEO announces three major objectives for 2024 

II. Market Overview

• Douyin publishes 2024 industry fashion trends