China Business News is a weekly roundup of top business developments as reported by news outlets in China and the region.
Consumer
Russian e-commerce platform Ozon posted 239% growth in 3Q 2021 as the company expands its logistics to meet booming demand.
X5 Group, Russia's largest food retailer, is expanding its hard discounter network and betting on continued online sales growth as it aims to boost market share.
A growing focus on ESG among alcohol and tobacco companies and their investors is turning "sin stock" companies into part of the solution.
M.Video-Eldorado Group saw its mobile platform sales double in Q3 as Russia’s largest consumer electronics retailer pursues its hybrid OneRetail strategy.
Yango Deli – the ultrafast grocery delivery arm of Russian tech powerhouse Yandex – has arrived at doorsteps in London.
Russian e-commerce giant Ozon saw orders increase by 180% year-on-year in 2Q 2021 as it targets a third of the country’s market by 2026.
A regular roundup of the top developments in plastics and sustainability – from regulatory changes to company news.
Domestic players like India's Swiggy and Russia's VkusVill are trouncing global e-commerce giants in the battle for food tech market share.
NotCo, a food tech company that makes plant-based milk and meat replacements, raised $235 million in its latest funding round and valued at $1.5 billion.