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

General Retail

• Walmart China’s net e-commerce sales up 96% yoy in fiscal 3Q22
• New Hua Du intends to sell all of its retail business assets

Internet & E-commerce

• Alibaba’s revenue in fiscal 2Q22 falls short of expectations
• Vipshop’s net revenue up by 7.5% yoy and GMV reaches 40.2 billion in 3Q21
• Kuaishou’s e-commerce GMV up 86.1% yoy to 175.79 billion in 3Q21
• JD.com’s JOYBUY to transform into a cross-border B2B platform

Retail Logistics 

• Meituan partners with IDEA to explore low-altitude airspace logistics networks
• SF Hainan International Fresh Port project passes completion checks, with an estimated annual output of 460 million yuan

Convenience Stores

• Lawson to establish GBA headquarters in Guangzhou, with 1,500 new stores expected by 2028

Cosmetics

• Florasis accuses Japanese company of plagiarism

Food & Beverage

• The first Starbucks shared space concept store in Chinese Mainland opens in Shanghai

II. Market Overview

• Bain & Company, Fondazione Altagamma: China’s personal luxury goods’ market share to increase
• Shanghai Municipal Administration for Market Regulation: 19.5% of products across 9 livestreaming e-commerce platforms fail inspection
• iResearch: China’s secondhand luxury market to exceed 200 billion yuan by 2025

III. Policy Spotlight

• Livestream host KOLs Xueli and Lin Shanshan fined for tax evasion
• MOFCOM to further develop cross-border e-commerce pilot zones