Baozun Inc.’s Post

We are pleased to share with you our Q3 Financial Report 2023. Despite macro headwinds, we grew revenue 5% year-over-year, and achieved significant year-over-year improvement in operating cash flow.  Baozun Brand Management is executing well on its transformation of GAP Shanghai, accomplishing a wide array of successes, including new products, new store openings, and increased brand marketing and visibility. “This quarter, we are also excited to announce a contemplated 51% equity acquisition of Hangzhou Location Information Technology Co., Ltd. ("Location"), a top-tier Douyin partner specialising in Apparel and Accessories. We're thrilled about the synergistic blend of our market leadership in creative content, compelling portfolio of brand partners and profound eCommerce operating experiences with Location's exceptional skills and insights in daily livestreaming.” said Vincent Qiu, Chairman and Chief Executive Officer of Baozun. With our new strategic alliance, we can be in a stronger position to better serve our clients and partners in this dynamic market. Download our full Q3 Financial Report here: https://lnkd.in/gX37pGf9 #Baozun #BaozunAsia #eCommerce #Omnichannel #DigitalCommerce #AI #QuarterlyResults #Retail #FinancialReporting #FinancialResults #China

Internet | Miniso Group - Eric Wen Since the end of March, Miniso China has collaborated with Chiikawa through a pop-up store in Shanghai, resulting in a single store sale of RMB2.68mn in just 10 hours and RMB8mn in 3 days. From April 8th onwards, Miniso extended Chiikawa-related products nationwide, sparking widespread discussion on social media. Our channel checks, based on 100 sample stores, indicate a 76% sell-through rate for the Chiikawa series, which is on par with the performance of the last blockbuster, the Barbie series, in July 2023. For comparison, the Barbie series contributed ~5% to domestic revenue in C3Q23. Therefore, we estimate Miniso's domestic offline GMV to increase by 25% YoY, with average revenue per store growing at 8% YoY (98% of 2021 levels) in C2Q24. Read full story here: https://buff.ly/4dboS1r For more information on our #internet product, and other Aletheia Capital research, please contact [email protected] #investments #advisory #ideas #fintech #InYourCorner

🔴 LVMH wants to accelerate omni-channel growth in China through extensive partnership with Alibaba 👇 Luxury goods conglomerate LVMH has announced an extended partnership with Alibaba Group, aimed at enhancing its digital & data capabilities in China. 🇨🇳 China’s digital market is characterized by unique dynamics, including dominant platforms like Alibaba & strict data regulations. LVMH’s collaboration with Alibaba aims to navigate these complexities and enhance its market presence. 🤝 The collab will integrate Alibaba Cloud’s advanced AI tools into LVMH’s operations to improve customer experience, optimize supply chain and boost overall efficiency. The three morest important pillars of the partnership: 🤖 AI - LVMH will incorporate Alibaba's AI tools into its customer service & digital platforms for more personalized recommendations and better interactions with customers. 📲 E-COMMERCE - The partnership will enable LVMH brands, such as Tiffany, Bulgari, and Chaumet, to create more engaging online stores and virtual experiences on Alibaba’s Tmall Luxury Pavilion. 🏭 OPERATIONS - By utilizing AI to analyze vast amounts of data, LVMH aims to improve its supply chain management. This will help predict demand more accurately, reduce overproduction, and ensure products are available where and when customers need them. 🚀 The partnership also provides LVMH with insights into Chinese consumer behavior worldwide, leveraging data from platforms like Alipay and the travel service Fliggy. The strategic collab is expected to improve market competitiveness and drive future growth. ➡️ In conclusion, LVMH’s extended partnership with Alibaba is a strategic initiative to leverage advanced AI and digital tools for enhancing customer experience, optimizing operations, and navigating the complexities of the Chinese market. #innovation #china #lvmh #luxury #retail #fashion #beauty #commerce #future #trendwatching

The expansion, which takes effect within this year, will have Marimekko stores open up in these markets, as well as activating online stores to provide an omnichannel experience for customers. Natacha Defrance, senior vice president of sales for Region East at Marimekko said, “We are delighted to launch Marimekko in Vietnam and Malaysia together with our new partner Jaspal Group. These fast-growing markets provide interesting opportunities for Marimekko’s international growth and hence support our company’s objective to scale the Marimekko business in the upcoming years." Meanwhile, yosathep singhsachathet, deputy CEO at Jaspal Group, commented, “We are excited to start collaborating with Marimekko. We see a growing interest in Asia towards the Finnish design house renowned for its bold prints and colors, so now is a good time to make Marimekko available to local consumers and tourists alike in Vietnam and Malaysia." #retail #fashion #marketexpansion ------- -[Conference] MARKETECH APAC's "What's NEXT" conference is making its debut in Malaysia this November, and will feature industry discussions on AI, customer experience, influencer marketing, digital advertising, among others. Learn more about how you can be part of the discussion here: https://bit.ly/47lsnQf -[Webinar] Hear from industry leaders from Accenture, Infobip and Radarr on how you can enhance customer interactions, streamline communication channels, and deliver personalised experiences. Register Now: https://bit.ly/3OX9oE9

Founder, Chairman and CEO, Baozun Inc., Vincent Qiu recently shared in Hong Kong Economic Journal on GAP’s transformation in China since Baozun’s acquisition last year. The apparel brand’s transformation has reached the mid-way mark and is adjusting its style and product offerings to cater to Chinese consumers sense of #fashion and lifestyles. As a major fashion brand, Gap's extensive operations consist of various aspects - from #design, #supplychain, factory management to fabric innovation. These insights in brand management helps Baozun to ensure seamless integration from supply to demand. The team plans to expand GAP's presence by opening more stores this year in China. Read more about the Hong Kong Economic Journal coverage here: https://lnkd.in/gisWh6gg #Baozun #ApparelIndustry #ProductDesign #Phygital #eCommerce #BrandStrategy #Apparel #SocialCommerce #Retail #DigitalCommerce

Some details on the improvements underway at #GapChina! Understanding & adjusting to the local market is the key to success! #Baozun #Gap #ChinaRetail

WHAT ALIBABA’S NEW STRATEGY MEANS FOR GLOBAL BEAUTY BRANDS SELLING IN CHINA Struggling with declining net profits and competition from other e-commerce platforms, Alibaba.com, China's #ecommerce titan, strategically invested in #online #shopping #platform Taobao Marketplace and achieved significant results in the first quarter of 2023. This shift involves the “Return to Taobao, the Users and the Internet” guided by the insights of Jack Ma, co-founder of the Alibaba Group. In this article, I share insight on what you should know about Alibaba’s new strategy and its effects on global beauty #retailers and brands. https://bit.ly/3sUeMQ0 BeautyMatter #beautyindustry #beautybusiness #beautybrand #beauty #retail #finance #trend #china #investment Yiting lin Davy Huang Laura Scott Elena Gatti Lisa Goller, MBA Dan Dyer John Cafarelli Troy Ayala Kelly Kovack

Vietnam has been promising for many years, and I truly believe its time is now. Last month, motherswork opened our first click-and-collect store in Ho Chi Minh City — the first of our expansions plans across the region. Learn more about premium international brands eyeing Vietnam’s growing middle class in this VN Express article. The Parentinc