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

• New Huadu Supercentre transfers full equity of 11 retail businesses to its controlling shareholder
• Rainbow’s revenue in 1Q22 reaches 3.461 billion yuan while net profit up by 104.6%

Internet & E-commerce

• Alibaba.com provides sustainable factory inspection services
• JD.com partners with Beijing Municipal Sports Bureau to create ‘Beijing Digital Sports Service Platform’
• Douyin enters digital fashion with new platform ‘Pheagee’
• Ele.me launches the food delivery industry’s first consumer carbon accounting system
• Pinduoduo begins testing its intra-city delivery service
• WeChat video accounts can now link product recommendations
• Meituan expands its livestream business with the ‘Meituan Livestream Assistant’ app

Retail Logistics 

• Cainiao to establish ‘unmanned granary’ in Zhejiang

Apparel

• SHEIN partners with environmental organization Canopy
• Balabala reveals new digital ambassador

Luxury 

• China cracks down on counterfeit luxury goods with help of Salvatore Ferragamo and Amazon   

Miscellaneous 

• Meituan launches small and micro business support scheme, focusing on local specialty snacks

II. Market Overview

• 100EC: Second-hand e-commerce GMV surpasses 400 billion yuan in 2021

III. Policy Spotlight

• Shenzhen to provide up to 500,000 yuan in subsidies for retail enterprises to open e-commerce stores