中国零售及电商周讯（2025年2月28日-3月6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 Taobao Hong Kong launches new returns service...................................................2Douyin Life Service announces support plans for small and medium-sizedbusinesses............................................................................................................2JD.com’s 2024 net revenuereaches 1.159 trillion yuan as net income increases by Retail Logistics........................................................................................................3 JD Logistics launches self-operated moving service................................................3JD Logistics’ revenue up by 9.7% yoy to 182.8 billion yuan in 2024.........................3 Supermarkets & Hypermarkets...............................................................................3 Freshippo to open nearly 100supermarket stores in the new fiscal year..................3Apparel....................................................................................................................4ANTA Group establishes new apparel company inXiamen......................................4Adidas China’s revenue returns to double digit growth in 2024................................4 Food & Beverage.....................................................................................................4 Haidilao incubates baking brand with firststore in Hangzhou...................................4Domino’s China: 300-350 new stores expected in 2025...........................................5Subway China increases registered capital and plans to open 300-500 stores eachyear.......................................................................................................................5 HomeAppliances & Consumer Electronics............................................................6 Suning.com launches service points for national trade-in programme in 13 cities.....6 References (in Chinese)............................................................................................7 I.SectorReview Internet & E-commerce Taobao Hong Kong launches new returns service Taobao (淘宝) Hong Kong recently announced the launch of its new returnsservice in the Hong Kong market. After users purchase eligible products, theycan enjoy areduction of 16 yuan in return shipping fees for the first 1 kgthrough Cainiao service points (菜鸟驿站). Furthermore, from March, Taobao Douyin Life Service announces support plans for small and medium-sized Douyin Life Service (抖音生活服务) recently announced a series of supportplans for small and medium-sizedbusinesses, including resource subsidies,commission reductions, and free training. The platform has launched four majorinitiatives for small and medium-sized businesses in Northern China, includingtask subsidies, traffic tools, livestream support, and zero-commission agency JD.com’s 2024 net revenue reaches 1.159 trillion yuan as net income JD.com (京东) recently announced its financial results for the fourth quarter andfull year of 2024. In2024, JD.com’s net revenue reached 1.159 trillion yuan, a6.8% yoy increase. Net income attributable to ordinary shareholders increasedby 71.1% yoy to 41.4 billion yuan for the full year of 2024. In the fourth quarterof 2024, the company’s net revenue was 347 billion yuan, a 13.4% yoy Retail Logistics JD Logistics launches self-operatedmoving service JD Logistics (京东物流) recently launched its self-operated moving servicecalled JD Moving, promising ‘no user efforts, no price increase, and no damage’for consumers. The service employs an in-house team with standardizedprocesses anddigital tools to offer a worry-free ‘butler-style’ moving service. Itis currently available in Beijing and surrounding areas and will gradually expand JD Logistics’ revenue up by 9.7% yoy to 182.8 billion yuan in 2024 JD Logistics (京东物流) recently released its financial results for last year. In2024, the company’s revenue grew 9.7% yoy to 182.8 billion yuan, with externalcustomers supplying 127.8 billion yuan–a 9.6% yoy increase and about 70%of its total revenue. The company served over 80,000 external integratedsupply chain customers in the year. In 2024, JD Logistics’ adjusted net profit Supermarkets & Hypermarkets Freshippo to open nearly 100supermarket storesthis year Freshippo (盒马) will continue to focus on the expansion of its supermarketformat, as the company willopen nearly 100 Freshippo Supermarket storesthisyear, including locations in dozens of new cities. Freshippo CEO Yan Xiaoleirevealed in an internal letter at the end of 2024 that the company focuses ontwo core formats, Freshippo Supermarket and Freshippo NB; the first replicates Apparel ANTA Group establishes new apparel company in Xiamen ANTA Group(安踏集团) officially registered Xiamen Anmu Fashion ApparelCo., Ltd (厦门安