蘑菇AV

Alibaba and JD.com embark on ambitious expansions despite challenging conditions: Both are making expensive delivery investments that could worsen China鈥檚 price wars.

JD.com challenges Meituan鈥檚 food delivery dominance: The Chinese ecommerce giant will hire 100,000 workers to help break the latter鈥檚 hold on the industry.

JD plans $27.9 billion investment in Chinese manufacturers to ease tariff impact: Ecommerce peers Alibaba and Meituan will join to help export-oriented companies attract domestic customers.

China鈥檚 retail sales ticked up in October: But mixed results from JD.com and Alibaba show that retailers still face significant headwinds.

Alibaba and JD.com tout Singles Day successes, but the data is murky: While transactions rose 27% YoY, the sale was 10 days longer than last year, making it an uncertain gauge of consumer sentiment.

Alibaba鈥檚 Tmall, JD.com, and Douyin started 618 deals as early as May 13, in part to capitalize on the subsidies, which drove an early boost in sales. Retailers took a similar tack during last year鈥檚 Singles Day, with sales starting the month before鈥攁nd are likely to do so again this year as sentiment remains subdued. Our take: China鈥檚 economy is in a precarious position.

Alibaba, PDD Holdings, and JD.com are the second, third, and fourth largest retail media ad companies in the world. They trail Amazon鈥檚 ad revenue total by a wide margin but tower over companies like Walmart. Worldwide retail media ad spending has years of strong growth ahead. Advertisers around the world will spend $169.06 billion on retail media in 2025.

Provide an overview of our UK key ecommerce retailers forecasts as of Q4 2024, including Amazon, Sainsbury鈥檚, Tesco, John Lewis Partnership, Ocado, Next, Currys, Boots, Marks & Spencer, Asos, JD Sports, and Boohoo. Help retailers benchmark their sales against Amazon and other competitors. Equip retailers with the data to forecast future ecommerce sales growth.

The trend: Consumer experiences with health insurers鈥� digital tools lag when compared with using websites and mobile apps in other aspects of life, according to JD Power鈥檚 2025 US Healthcare Digital Experience Study. The research is based on evaluations from 6,259 members of the 15 largest Medicare Advantage plans and the 15 largest commercial member health plans in the US.

At the same time, PDD is plowing tens of billions of yuan into promotions and other incentives to stay competitive with the likes of Alibaba and JD.com鈥攁s well as make sure its merchants can survive both domestic and global uncertainty. Those investments sapped profits in Q1 and will continue to do so as the company continues its RMB 100 billion ($14 billion) merchant support plan.

At the same time, it鈥檚 working more closely with long-time retail partners like Foot Locker, Dick鈥檚 Sporting Goods, and JD Sports. But it has a lot of ground to make up: Wholesale revenues fell 7% YoY in the last fiscal quarter, a sign that retailers are reconsidering orders amid Nike鈥檚 declining brand heat and weakening demand.

Outpacing Alibaba and JD.com, Pinduoduo retail ecommerce sales grew by 12.5% in 2024. Pinduoduo also surpassed JD.com in sales鈥攁 testament to the group-buying model鈥檚 appeal to price-sensitive consumers in China. Growth will slow to 6.5% in 2025 before accelerating to 7.2% in 2026. Sales growth on Xiaohongshu (RedNote) is projected to reach 10.5% in 2025.

Plan it by American Express, Chase鈥檚 Pay Over Time and Citi鈥檚 Flex Play swept JD Power鈥檚 2025 BNPL satisfaction ratings, edged out fintech competitors for the second year in a row. Our take: Moving forward, the CFPB will be hamstrung by DOGE staffing and funding cuts if it decides to take future action to curb fintechs.