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

• Ele.me launches ‘crazy savings’ promotion as part of 11.11 shopping festival
• Douyin E-commerce: 49 apparel-brand livestream studios’ GMV exceed 10 million yuan during 11.11 promotion
• Dingdong Maicai’s 3Q24 revenue reaches 6.54 billion yuan with a net profit of 133 million yuan
• ByteDance adds video generation feature to AI chatbot Doubao
• Xiaohongshu: Number of overseas brands creating content-based marketing triples in two years
• JD Supermarket launches discount snack category with 500 million yuan investment

Supermarkets & Hypermarkets

• JD.com’s 7Fresh completes its front-end warehouse integration
• InZone’s first self-adjusted supermarket store re-opens

Home Appliances

• Suning.com’s 3Q24 revenue reaches 12.24 billion yuan while net profit reaches 84 million yuan

Luxury

• LVMH announces strategic sustainability partnership with Swire in China

Food & Beverage

• KCOFFEE opens 500th location in Shanghai
• Yum China’s core operating profit increases by 18% yoy in 3Q24

II. Market Overview

• Total 11.11 online sales this year reach 845 billion yuan as of 30 October