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’s food delivery service now available in 18 cities across the country
• Mogujie’s GMV down 48.1% yoy to 2.828 billion yuan in the first half of fiscal 2023
• Shanghai Secoo E-Commerce ruled as a judgment debtor for 4.8 million yuan due to contract disputes
• TVB’s Taobao livestream debut generates sales of over 23.5 million yuan in six hours
• JD.com’s net revenue up 7.1% yoy to 295.4 billion yuan in 4Q22

Retail Logistics

• JD Logistics’s revenue up 31.2% yoy to 137.4 billion yuan in 2022

Department Stores & Shopping Malls

• Intime Department Store: Female consumers’ consumption for pleasure up by 35% compared to before the pandemic

Apparel

• SHEIN launches smart industrial park to improve its supply chain
• Taobao publishes white paper on SS23 apparel trends

Food & Beverage

• Luckin Coffee’s 4Q22 net profit down by 94% alongside a net increase of 368 stores
• HEYTEA partner stores now in dozens of cities, with daily sales of a single store exceeding 60,000 yuan

II. Market Overview

• JD Home’s report sheds light on home furnishing industry
• China remains world’s largest logistics market for seventh consecutive year

III. Policy Spotlight

• MOFCOM sets three-year plan to establish more 15-minute community living circles across the country