Alibaba’s Hypermarket Operator Sun Art Retail Goes For Green In 2023Ĭhinese hypermarket operator Sun Art Retail aims to hit carbon neutrality by 2030, according to the group’s ESG report for its fiscal year 2023. Major clothing brands, like local outerwear label Bosideng and German apparel maker Adidas, are also getting in on the action with lines of shirts and pants offering sun protection. On Tmall, twice as many men bought sunscreen products in June compared with last year, while sales of UV-blocking hats also saw an increase. Once the realm of female-focused cosmetics brands promising milky white complexions, sun care and sun damage prevention has become a concern for all demographics.
Male shoppers on Alibaba’s digital marketplace Tmall have a wide selection of sun protection items available to them – triple as many as last year, in fact. Number of Men’s Sun Protection Products Triple YoY on Tmall The company’s Greater China revenues rose 22% in footwear, 36% in apparel and 19% in equipment in the three months ended May 31 year-over-year, excluding currency changes. “I’m even more confident in our playbook and strategy,” Donahoe told analysts on the company’s most recent earnings call. Donahoe said that Nike’s 6.18 results surpassed last year’s record-breaking performance, with sales up double-digits during the festival. Nike ranked top in Tmall’s ranking for sports by brands in terms of paid GMV during the 6.18 shopping festival. Many retail analysts and pundits watched the sales figures roll in to gauge the Chinese consumer’s resilience post rolling lockdowns crimping spending. The sneaker multinational participated in 6.18, one of the largest shopping festivals in the world and the first since the pandemic. Our Greater China teammates are building a connected and seamless journey across digital and physical, commerce and social, owned and partnered doors,” Donahue said after his visit to Shanghai and Beijing. “I was blown away by how the entire marketplace experience comes to life there. While on tour, the Oregon-headquartered company’s President and CEO explored Chinese omnichannel shopping trends and gemmed up on the 6.18 shopping festival. Nike’s John Donahoe returned from a recent trip to China fired up about the outlook for sports sales in the world’s second-largest economy. Nike Confident In China Playbook After Record-Breaking 6.18 In addition to bringing movies onto the big screen, the company covers IP licensing, cinema ticket management and also provides data services within China’s entertainment industry. The thriller is one of 16 films Alibaba Pictures will release this summer. Tragedy strikes when the wife goes missing and the film follows the husband’s journey to uncover the mystery behind her disappearance.
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Movie watchers flocked to theatres to watch “Lost in the Stars,” which follows a married couple on holiday. The film accounts for nearly half of all box office sales in China this summer so far. Alibaba Pictures’ “Lost in the Stars” Emerges as Summer Box Office HitĪ film produced, distributed and promoted by Alibaba Pictures has racked up RMB2.7 billion ($370 million) in total box office revenue in the 10 days since it launched in cinemas across China, the production company shared this week.
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