One of RT-Mart’s new offerings, similar to that of Alibaba’s Hema retail offering, is a one-hour delivery for orders within a 3km radius. Alibaba’s Online Growth Surges, Even as It Looks Offline. Hema Fresh, RT-Mart, Auchan, Lianhua, TmallFresh) and foodservice in China. It operates in four segments: Core commerce, cloud computing, digital media and innovation initiatives. Revenue from retail experiments like Hema jumped 151 percent in the latest quarter from a year earlier. Excluding the effects of consolidating acquired businesses, revenue would have increased by 39% year-over-year,” said Maggie Wu, Chief Financial Officer of Alibaba Group. The number of registered merchants grew over 30% YoY as of December 31, 2020, and the average daily number of paying members in the December quarter grew about 30% YoY, As of December 31, 2020, the number of non-restaurant registered merchants enabled by Ele.me increased by over 80% YoY, In the December quarter, Cainiao Network revenue grew 51% YoY to RMB11.4 billion (US$1.7 billion) and had positive operating cash flow, In China, Cainiao and its partners processed over 2.3 billion orders during the 2020 11.11 Global Shopping Festival, Lazada recorded another quarter of triple-digit order growth, and robust growth in both buyers and sellers, despite new waves of the COVID-19 pandemic in many markets where it operates, Cloud computing revenue was RMB16.1 billion (US$2.5 billion), up 50% YoY, primarily driven by robust growth in revenue from customers in the Internet and retail industries and the public sector, For the first time, Alibaba Cloud achieved positive adjusted EBITA during the quarter as a result of realized economies of scale, During the 2020 11.11 Global Shopping Festival, Youku’s average daily subscriber base increased around 30% YoY, driven by the appeal of Youku’s original content and continued contribution from the 88VIP membership program, Alibaba Pictures invested in and distributed the top three grossing films during the three-day New Year holiday in China, which accounted for over 80% of China box office sales during the period, according to Beacon Box Office data. Alibaba focuses on New Retail strategy optimised by technology innovations. Alibaba Opens Up 65 New Retail Stores Powered By Hema To Merge Online And Offline Retail The Alibaba Hema Store. It has continuously announced innovations in its leading platforms of Tmall, Cainiao, Hema, Ele.me, Koubei, etc. Alibaba delivers 61 per cent growth in revenue amid increased New Retail investment The consumer services market in China is estimated to be worth 25.2 trillion yuan by … Alibaba’s Hema Fresh supermarket brand recently completed construction on its first Hema Village in the Shanghai area — a digital agriculture base that will produce Cuiguan pears. Since its inception, Hema has been rapidly expanding and now operates in 80 locations across China’s megacities, with the help of a few franchises. In BCG matrix of Alibaba group, its different businesses have different growth rate which in itself portrays the growth landscape of the e-commerce company lead by the visionary leader Mr. Jack Ma. Alibaba's massive Hema supermarket expansion in China creates opportunities for Aussie farmers. Alibaba Wants a Hema Supermarket in Every Big Chinese City. While the company expects meaningful growth from all its segments, its core commerce business is by far its most important, as it generates essentially all the earnings of the c… Find out more about how we use your information in our Privacy Policy and Cookie Policy. In an article by the South China Morning Post, Alibaba reported that daily sales are upwards of 800,000 yuan (US$ 116,500) at Hema Supermarkets which have been open for at least 1.5 years. Alibaba said on Thursday that the annual sales frenzy broke records again, raking in 498.2 billion yuan (roughly $75 billion). By Qu Yunxu and Tang Ziyi. The ability to make sense of an overwhelming wealth of customer data makes every shopping journey a highly personalized affair, as different deals and product suggestions guide customers through a new, novel experience from visit to visit. In this aspect, it said it had pushed on with new partnerships and technologies, including adding five physical supermarkets – called ‘Hema’ – in Shanghai, Beijing, Ningbo, and Suzhou. 4. Alibaba is expected to raise approximately $15 billion in this secondary listing and use the proceeds to fund its growth initiatives, such as cloud computing and Hema supermarkets. For those who live within three kilometers of the market, Hema’s ability to deliver in as fast as 30 minutes is its best asset. Alibaba, which is worth more than $US500 billion, has already opened 48 of its "new retail" Hema supermarkets in China. This report will focus on Fresh Hema. Hema opened seven venues nationwide over the past one month, one being its 15th store in Hangzhou where Alibaba is based, while the other outlets are in Beijing, Shanghai, Wuhan and Changsha. Alibaba tried to hide the fact that they were Chinese. Since its inception, Hema Xiansheng has expanded aggressively to 321 stores in 24 cities in 16 provinces. Alibaba Group Holding Limited today announced its financial results for the quarter ended December 31, 2020. China's Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud computing businesses. If both can continue their current trajectory, Alibaba will overtake Amazon in 2028, when both break the USD $3 trillion mark. After shooting up more than 55% since the March lows, Alibaba is marching forward steadily especially with the upcoming Ant Group IPO. Get the latest news about Alibaba Group, the digital economy, e-commerce and tech innovation. Meanwhile, Alibaba is focused on cultivating new areas of growth. Main customers of Hema are post-80 and post-90’s office workers. Alibaba’s more than 60 Hema stores are … 1. To get a sense of how quickly Alibaba is expanding these stores, Alibaba had 150 Hema stores by the end of this June. You can change your choices at any time by visiting Your Privacy Controls. By Tay Xiaohan. Robust revenue growth of 30% YoY; Strong profit growth with adjusted EBITDA up 28% YoY As an essential element of Alibaba’s future growth, Hema aims to open 2,000 stores across the country, according to Hema’s founder, Hou Yi, a former top official at JD Logistics. Freshippo (known as “Hema” in Chinese) achieved double-digit same-store sales growth during the December quarter as we continued to optimize its product supply and improve customer experience Demand for digitalization in the restaurant and service industry remains strong after the impact of the COVID-19 pandemic in China, and Ele.me continued to capture this market opportunity. The purest manifestation of Alibaba’s physical push came in July 2017 when it rolled out Hema, a supermarket store that features cashier-less checkouts and a robotic restaurant at one branch. Online or offline: These cannot be the only options for consumers. A quick check on Alibaba’s Hema mobile application shows that Alibaba has opened 25 Hema supermarkets. Alibaba’s beef tour. 1. The facility is located on Chongming Island, near the coast to the north of Shanghai’s urban center. Highlights of the group’s earnings are in the infographics and summary below. At this initial stage of development, Alibaba seems to benefit more than its consumers. Traditional retail is the path to growth Similar to Amazon’s $13.7 billion acquisition of Whole Foods , Alibaba believes a foothold in traditional retail is the path to future growth. A Hema Xiansheng store in Shanghai. Operations including what it calls "new retail" recorded 134% growth. Hema Fresh will achieve its Double 100 strategy and close those stores with an incorrect orientation, while maintaining rapid development, Hou Yi, the company’s chief executive, said in March. The Chinese e-commerce giant Alibaba plans to open 1,000 of its new-age supermarkets in the next five years, and it has Australian produce on its shopping list. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Yahoo is part of Verizon Media. It does not look like the growth of Hema stores is slowing down anytime soon. Hema Fresh will achieve its Double 100 strategy and close those stores with an incorrect orientation, while maintaining rapid development, Hou Yi, the company’s chief executive, said in March. NT Country Hour / By Matt Brann. Hema Xiansheng, Alibaba's newly founded online-to-offline platform, is putting the novel retail business model into practice, an effort experts say is changing China's traditional retail sector. It’s China Commerce Retail business and Cloud computing business have YOY growth rate of 41% and 175% respectively (31 st Mar; 2016 data) and therefore are Stars in the BCG matrix. In addition, Alibaba pointed to its ‘new retail’ strategy, which looked to meld offline and online user experiences, as a key growth catalyst for the company. Alibaba’s Cuiguan pear digital agriculture base is the first of its kind to be built in Shanghai’s Chongming district. Fresh Hema (Hema, 盒马鲜生) will help to bring Alibaba's new retail ambition into reality. We think that ‘New Retail’ represents an exciting new chapter for Alibaba – its smooth and immersive shopping experience will be critical in ensuring its market leadership and sustainable long-term growth. Hema Fresh recognizes Alibaba's Taobao and Alipay as its main quick transaction platforms, with the Hema Fresh app serving as the only payment platform no matter which channel the consumers choose. Like with Hema, orders placed through RT-Mart’s mobile app are fulfilled using store inventory, then placed on conveyor belts … Once shoppers become convinced of Hema’s quality, they are easily converted into using its online groceries delivery service regularly. Revenue from the cloud computing business was RMB14.9 billion (US$2.2 billion), up 60% YoY primarily due to growth in revenues from customers in the internet, finance and retail industries; Approximately 60% of A-share listed companies are Alibaba Cloud customers as of Sept. 30, 2020 and their average spending grew 45% YoY in September 2020 It’s business as usual for Alibaba after the Chinese e-commerce giant bounced back from a lackluster Q3 — which saw its slowest growth for three years. Alibaba’s mounting spending, such as on acquisitions and expanding its Hema supermarket chain, is hurting margins though. Hema opened seven venues nationwide over the past one month, one being its 15th store in Hangzhou where Alibaba is based, while the other outlets are in Beijing, Shanghai, Wuhan and Changsha. To read Alibaba Group Chairman & CEO Daniel Zhang’s comments delivered on analyst call after announcing quarterly earnings, click here. To read Alibaba Group’s press release covering the results in greater detail, click here. Alibaba Group yesterday announced financial results for the quarter ended March 31 and the company’s 2018 fiscal year. Alibaba plans to have 2,000 stores across China. Alibaba "New Retail" store, Hema Xiansheng has expanded to have 321 stores in 24 cities in 16 provinces China. A Hema store in Xi'an, capital of Shaanxi, on March 28, 2019. Growth Rates. Hema in many ways serves a fourth, less obvious function — that as an experiential retail platform. Alibaba plans to open branches of its supermarket chain Hema in every Chinese city with over 1 million residents — it says there are 200 in total — over the next 12 years, the brand’s CEO Hou Yi told Caixin on Tuesday. By now, most people have heard of the Chinese tech behemoth that is Alibaba. Profiles of Manufacturers: Here, commanding players of the global Hydroxyethyl Methacrylate (HEMA) market are studied based on sales area, key products, gross margin, revenue, price, and production. well as robust user growth and engagement across our ecosystem. Alibaba plans to open branches of its supermarket chain Hema in every Chinese city with over 1 million residents — it says there are 200 in total — over the next 12 years, the brand’s CEO Hou Yi told Caixin on Tuesday. The district is one of Shanghai’s major sources of fresh produce, supplying one-seventh of the city’s vegetables. Purchases of products warehoused and shipped from overseas by Tmall Global grew rapidly, achieving triple-digit year-over-year growth in GMV, excluding unpaid orders, during the December quarter. Stores as fulfillment centres. 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