What does Mixue have in common with Temu and J&T?
Mixue, China’s and world’s largest F&B chain by store count, went public in Hong Kong Stock Exchange. The market was obviously excited - the...
ShopeeFood overtakes Gojek in food delivery
ShopeeFood riders in Bandung, Indonesia
Shopee’s food delivery business kept growing at a rapid pace, even though the management of Sea Group (Shopee’s parent) stopped...
Sam’s Club’s good days in China might be numbered!
This article was written by a friend of Momentum Works who has more than 25 years experience in retail and supply chain management in...
Why big techs didn’t use the DeepSeek approach
This article, originally published in Chinese, was excerpted from the notes of a discussion that took place in Beijing on Sunday 26 Jan 2025....
Mixue overtakes Starbucks as world’s largest F&B chain by store count
Mixue, China’s largest chain of milk tea and ice cream, has become the largest F&B chain globally by store count.
The company filed for a...
[Press Release] Chinese F&B Brands have opened more than 6,100 outlets...
SINGAPORE, 9 January 2025 — Chinese F&B brands have opened more than 6,100 outlets in Southeast Asia as of 31 December 2024, according to a new...
[New report] Chinese F&B brands opened 6,100+ outlets in Southeast Asia
More than 60 Chinese F&B brands have established over 6,100 outlets in Southeast Asia as of 31 December 2024.
According to Momentum Works estimates, Southeast...
TikTok Shop GMV in 2024 surpassed US$30 billion
TikTok Shop’s global GMV reached about US$32.6 billion, according to numbers tabulated by video commerce data analytics firm Tabcut.com. The US became the biggest...
Sam’s Club model is the only sustainable model in social and...
This is written by a Hangzhou-based retail veteran in the Momentum Works community, on the occasion of the opening of Sam’s Club’s 51st store...
Temu parent’s share price drops ~30%: our thoughts
Yesterday (26 August), Temu’s parent company PDD Holdings released its Q2 2024 results. Revenue missed analyst consensus while profit beat expectations.
Stock prices started sliding...
