中国零售及电商周讯（2025年6月27日-7月3日）

Helen ChinHead William KongManager Brigitte Ng HKUST LI & FUNGSUPPLY CHAIN INSTITUTELSK Business BldgThe Hong Kong University ofScience & TechnologyClear Water Bay KowloonHong KongE:ustlfsci@ust.hk I. Sector Review.........................................................................................................2 Internet & E-commerce...........................................................................................2 Meituan: Service retail online penetration rate will increase to 25% by 2030.............2JDFood delivery covers over15,000 government units and major enterprises.........2Meituan reports over 770 million transacting users in 2024......................................2Kuaishou E-commerce launches ‘Tasty and Affordable’ quality selection IP.............3 Freshippo’s GMV exceeds 75 billion yuan with over 420 Freshippo Supermarketstores in fiscal 2025...............................................................................................4Pangdonglai’s 1H25 sales revenue reaches 11.707 billion yuan..............................4 Home Goods............................................................................................................5 MINISO LAND globalflagship storetops100 million yuan in sales in first ninemonths..................................................................................................................5 II. Market Overview....................................................................................................5 Global Retail Top 250: China holds one seat in the Top 10......................................5 References (in Chinese)............................................................................................6 I.Sector Review Internet & E-commerce Meituan: Service retail online penetration rate will increase to 25% by On 26 June, the 2025 Service Retail Industry Conference was held inShanghai. Wang Puzhong, CEO of Meituan’s (美团) Core Local Commercesegment, stated that the service retail industry reached a scale of7trillion yuanin 2024, and China has the most abundant and convenient service consumptionin the world. However, the industry’s online penetration rate is only 9%, JD Food delivery covers over 15,000 government units and major As of 27 June, JDFood Delivery (京东外卖) has covered over 15,000government units and major enterprises, spanning multiple industry sectorsincluding energy, finance, transportation and construction, manufacturing,telecommunications, consumer goods, and Internet. Currently,the daily ordervolume of JD Food Delivery has exceeded 25 million orders. According to Meituan reports over 770 million transacting users in 2024 Meituan (美团) recently published its2024 Corporate Social ResponsibilityReport, presenting the company’s social responsibility practices over the pastyear such as promoting employment, supporting merchants, protecting deliveryriders, green development,and serving society. The report highlights Meituan’ssubstantial scale, noting that the platform served over 770 million annual Kuaishou E-commerce launches ‘Tastyand Affordable’ quality selection On 30 June, Kuaishou E-commerce (快手电商) announced the launch of itsofficial ‘Tasty and Affordable’ quality selection IP. The first batch of productscovers over 30 categories of fresh produceincluding durian, steak, peaches,pumpkins, and other fruits and vegetables. Selected products must meet Meituan plans 1,200 centralized kitchens for new ‘Raccoon Canteen’ Meituan recently launched‘Raccoon Canteen (浣熊食堂)’, a project aimed atimproving food safety in the catering industry. The initiative willdevelopcentralized kitchens for food delivery, ensuring visibility and traceabilitythroughout the supply chain. Meituan plans to set up 1,200 ‘Raccoon Canteens’across China in the next three years. Since its pilot launch in December 2024, Taobao Flash Sale’s 50-billion-yuan subsidy programme: 589 retail On 2July, Taobao Flash Sale (淘宝闪购) announced a 50-billion-yuaninvestment in user and merchant subsidies over 12 months. Throughdistributing electronic red packets, free order cards, and subsidized fixed-priceproducts, it offers discounted, convenient services and experiences to furtherstimulate consumption vitality. It also provides store subsidies, productsubsidies, delivery subsidies, and commission waivers and reductions topromote merchant business growth. On the first day of the subsidy programme, Supermarkets & Hypermarkets Freshippo’s GMVexceeds 75 billion yuan with over 420 FreshippoSupermarket stores in fiscal 2025 On 27 June, Alibaba (阿里巴巴) published its annual report for the 2025 fiscalyear ended 31 March. According to the report, Freshippo (盒马) strategicallyfocused on its premium format and expanded store footprints to more emergingcities and counties. In fiscal year 2025, Freshippo’s overall GMV exceeded 75 Pangdonglai’s 1H25 sales revenue reaches 11.707 billion yuan On 1 July, Pangdonglai (胖东来)disclosed its sales da