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

• Douyin E-commerce: Sports product turnover increases by 82% yoy
• Douyin E-commerce revises ‘instant returns and exchange’ service
• Kuaishou begins testing generative AI platform Kling AI
• Xiaohongshu sees 4.3x increase in the number of purchasing users over the past year

Retail Logistics

• Cainiao Express upgrades intra-city express delivery and launches in first batch of 20 cities
• SF Intra-city expects net profit of 55 million yuan in 1H24

Supermarkets & Hypermarkets

• Yonghui Superstores to close three stores in Beijing

Luxury

• LVMH launches first beauty retail company in China

Food & Beverage

• Naixue closes 48 self-operated stores in 2Q24
• Starbucks China partners with badminton brand YONEX in first ever sports collaboration
• Top tea brands collectively reduce prices as spending below 10 yuan increases

II. Market Overview

• CCFA publishes list of top 100 Chinese supermarkets for 2023

III. Policy Spotlight

• Beijing releases 2024 cross-border e-commerce development project application guide