The world’s largest online retailer is belatedly attempting to regain some of its lost market share in China, but may have given itself too much catching up to do with fleet-footed local rivals.
Online Media
Dangdang – Weak outlook despite margin improvement
Despite increasing product diversification and margin improvement, the US-listed online retailer's earnings visibility remains weak in an increasingly competitive market.
Suning – a positive but painful transition
Suning’s transition from a bricks-and-mortar home-appliance retailer to a multi-platform seller of a wide variety of consumer goods appears to be a positive long-term move, but earnings are likely to remain under pressure in the short to medium term.
Online retail – structural shift
The fundamentals supporting continued strong growth of online retail in China remain strong, but structural shifts and intense competition have raised costs for both existing and new market participants alike.
Postal levy plans threaten e-commerce growth
Controversial plans to levy a tax on express delivery companies could have a negative impact on China’s fast-growing logistics and online retail sectors
Lifestyle: Dianping – China’s urban directory
Consumer review and group-buy website Dianping has built up a strong user base and attracted several rounds of investment ahead of a possible future IPO.
Lifestyle: Jiayuan – the white-collar matchmaker
Online dating site Jiayuan has begun to turn a profit, but faces growing competition and soaring marketing costs due to weak user stickiness.
The rise of convenience China
An estimated 50m core white-collar workers are at the vanguard of modern Chinese consumerism, driving the rise of a retail and service universe that emphasises convenience above all else.
Shopping: SF Express – delivery firm riding the e-commerce boom
Having benefited from the rise of e-commerce over the past decade, China’s largest express-delivery firm has now launched its own online shopping site.
Shopping: Yihaodian – groceries at the click of a mouse
Extensive product selection and efficient same-day deliveries have driven strong customer loyalty for the specialist online grocery retailer, in which Walmart owns a controlling stake.
RENMINBI COMPASS
Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.
