China. Innovations

Monday

China Food Tech Market Overview

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Pinduoduo + TEMUare part of a large ecommerce ecosystem that is actively developing in China and beyond.PinduoDuo is known for its innovative business model, which is based on group purchases. Users can unite in groups to receive discounts on products.The platform integrates social media and gaming elements to engage users, allowing them to share offers and attract friends for additional discounts.PinduoDuo uses artificial intelligence technologies to personalize purchases and optimize the supply chain.

TEMUfocused on entering international markets, in particular in the USA, Europe and other regions. The platform offers a wide range of products at competitive prices. TEMU adapts its strategies for different markets, including localized advertising campaigns and improved customer service for each region. The company uses artificial intelligence and analytics technologies to improve the shopping experience and inventory management.

Key figures:

• as of 2023, Pinduoduo's annual revenue was approximately 18 billionUS dollars.
• The platform has close10,000employees.

Tuesday

‍Alibaba Group (AliExpress, T-Mall)— one of the largest and most influential e-commerce companies in the world.. The Group operates several major e-commerce platforms, including AliExpress and Tmall.Alibaba Group integrates a variety of services such as payment systems (Alipay), logistics services (Cainiao Network), cloud computing (Alibaba Cloud) and media (Youku). Tmall and AliExpress are implementing AR to enhance the shopping experience, allowing consumers to virtually try on clothes or see how an item will look in their home. The company actively uses robotics and automated systems to manage warehouse inventories and process orders. Alibaba Group continues to develop its platforms and technologies, focusing efforts on the global market and innovation in e-commerce and technology.

Key figures:

• as of 2023, Alibaba Group's annual revenue was approximately 134 billionUS dollars. This includes income from all business units of the company.
• Alibaba Group has about 250,000Employees at a global level

Wednesday

CitySuper— is a premium supermarket chain.The company specializes in selling high-quality food and household goods, including imported and organic products.The stores sell products of famous international brands, as well as local and regional products.CitySuper is known for its quality customer service and exquisite shopping experience. Citysuper uses mobile apps for convenient shopping, offering features for online orders and delivery.

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7-ElevenChina offers a wide range of goods, including food, beverages, snacks, fresh products, as well as household goods. Many 7-Eleven stores are open 24/7, which provides convenient access to goods at any time of the day. 7-Eleven is implementing automated systems to manage inventory and improve the customer service process.

Key figures:

• In general, 7-Eleven's annual revenue worldwide is about 60 billion US dollars.
• Globally, 7-Eleven has more than 70,000 employees

Thursday

HEMA— is a Chinese retail supermarket chain specializing in the sale of food and household goods. The company is part of the large Alibaba Group, and its activities are focused on innovation in the retail sector. HEMA integrates its physical stores with online platforms, allowing customers to shop through a mobile app with the option of delivering goods home or pickup from the store. The inventory tracking and management system ensures accuracy and speed when processing orders. The company actively uses artificial intelligence to recommend products and personalize purchases based on user behavior and preferences. It also implements automated systems for inventory management and order processing. Includes the use of robots for warehousing and delivery of goods.

Key figures:

• HEMA has more 200thpoints of sale in China

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JD.com — is one of the largest Chinese online e-commerce platforms.D.com functions as an online store offering a wide range of goods including electronics, home appliances, clothing, food and much more. JD.com manages its own warehouses and logistics centers, which allows you to control the quality of goods and the speed of delivery. JD.com operates its own logistics network, including warehouses and vehicles to efficiently process and deliver orders. The company uses drones to deliver goods to hard-to-reach areas or to speed up the delivery process in cities.

 Key figures:

• as of 2023, JD.com's annual revenue was approximately $160 billion
• JD.com has close 300,000 employeesaround the world

Friday

7Freshis a premium supermarket chain owned by JD.com. It was launched as part of JD.com's strategy to expand in the offline commerce segment and integrate online and offline retail.The technology is used to synchronize online orders with physical stores, which allows you to efficiently manage inventories and provide up-to-date information about the availability of goods. The company uses artificial intelligence to personalize purchases, manage inventory and forecast demand, and implements robotics to automate processes in warehouses and manage inventories.

Key figures:

• 7Fresh has close ! 30points of sale in China

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Tencent It is one of the largest and most influential technology companies in China. The company specializes in a variety of areas, including social networks, gaming, financial technology, advertising and cloud computing. Tencent owns popular social platforms such as WeChat and QQ. Tencent offers financial technology through its WeChat Pay payment service, which allows users to make online payments and transfers. Uses AI to personalize content, advertising and improve user experience.

Key figures:

• as of 2023, Tencent's annual revenue is about 90 billionUS dollars.
• Tencent has close 110,000workers all over the world.