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Retail Asia25/04/2022

Alibaba’s supermarket chain Freshippo says it is adding more couriers to meet high demand in Shanghai but this was not yet catching up with the rising needs of locked-down residents as the city battles a surge in Covid-19 cases. Shen Li, a vice president at Alibaba Group’s Freshippo, told reporters on Sunday that while the […]

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Retail Asia04/02/2020

Sales are soaring for Alibaba’s fresh-food chain Freshippo in the wake of the coronavirus outbreak. With many Chinese nationals being advised to stay at home during the course of the epidemic, demand for fresh food and household items has soared. Buyers are purchasing more items in bulk so as to reduce contact with home-delivery personnel. […]

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Retail Asia01/02/2019

Alibaba Group sales soared 41 per cent in the December quarter as its customer based neared 700 million. The Chinese company’s turnover for the three months reached US$17.057 billion and its net income attributable to shareholders $4.807 billion. “Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving […]

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