中国零售及电商周讯（2025年4月18日-5月1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 JD Food Delivery offers full refund for food delivery orders that are more than 20 min.late.......2Douyin E-commerce: Consumer goods trade-in programme boosts product sales by 158% qoqin 1Q25............................................................................................................................................2Xiaohongshu integrates buyer operations into e-commerce division............................................2Kuaishou E-commerce pet industry GMV grows 53% yoy in 2024...............................................3 Retail Logistics..................................................................................................................................4 Cainiao signs cooperation agreement with Hong Kong to strengthen international logistics.......4 Supermarkets & Hypermarkets.......................................................................................................4 Yonghui Superstores’ net loss widens to 1.465 billion yuan in 2024............................................4Yonghui Superstores’fourth Pangdonglai-inspired upgraded store opens in Beijing..................5 Anta Group reaches 30% sustainable products.............................................................................5 Food & Beverage...............................................................................................................................6 Luckin Coffee’s 1Q25 GAAP operating income reaches 737 million yuan with 1757 net storeopenings..........................................................................................................................................6Starbucks China’s net income increases by 5% yoy in fiscal second quarter..............................6 References (in Chinese)......................................................................................................................8 I.Sector Review Internet & E-commerce JD Food Delivery offers full refund for food delivery orders that are more JD Food Delivery (京东外卖) recently announced in an open letter that it willallocate sufficient orders to delivery riders who were fired by its competitors fortaking orders from JD Food Delivery to ensure that their income will notdecrease. The company emphasized that it will never force these riders to‘choose one out of two’ platforms, encouraging them to accept orders freelyfrom different platforms. JD.com will also offer job opportunities to the spouses Douyin E-commerce: Consumer goods trade-in programme boosts Since the beginning of this year, the consumer goods trade-in programme hasstimulated the market, with consumer demand for digital and household goodsgrowing steadily. Douyin E-commerce (抖音电商) data show that in thefirstquarter of 2025, transaction volume for products within the trade-in programmeincreased by over 158% compared to the previous quarter. Over 10 million Xiaohongshu integrates buyer operations into e-commerce division Xiaohongshu’s (小红书) e-commerce team recently underwent organizationaladjustments, with the buyer operations department being incorporated into thee-commerce team. The original head of buyer operations, Si Gai, hastemporarily transferred to the men’sclothing team. Sources close to Kuaishou E-commerce pet industry GMV grows 53% yoy in 2024 Kuaishou E-commerce (快手电商) recently released the2025 Kuaishou E-commerce Pet Industry Report. Thereport shows that Kuaishou E-commercepet industry GMV grew by 53% yoy in 2024. By category, pet supplies GMVincreased by 42% yoy, while live pet GMV grew by 110% yoy. As an important Taobao Hourly Delivery rebrands to Taobao Flash Buy Alibaba (阿里巴巴) is rebranding and upgrading its instant delivery serviceTaobao Hourly Delivery (淘宝小时达) to Taobao Flash Buy (淘宝闪购). The newservice was launched nationwide on 6 May. In the past year, Taobao HourlyDelivery has tested nearly every product category, identifying its core strengths Meituan Instashopping exceeds one million daily orders in Beijing and Since mid-April, Meituan’s (美团) non-food instant retail services, includingMeituan Instashopping (美团闪购) and Xiaoxiang Supermarket (小象超市), haveconsistently exceeded one million daily orders in both Beijing and Shenzhen.Previous public data showed that Meituan’s daily order volume for non-food Xianyu launches ‘export-to-domestic sales’ support plan Xianyu (闲鱼), the second-hand trading platform underAlibaba (阿里巴巴),announced the launch of its ‘export-to-domestic sales’ support plan. Theinitiative introduces four core measures targeting small and medium-sizedforeign trade merchants and individual sellers: green channel for Xianyu shop Walmart opens global e-commerce office in Chengdu Walmart recently opened its fourth China office in Chengdu, Sichuan, followingthose in Shenzhen, Shan