Freshippo CEO Yan Xiaolei announced in an internal letter today that the Alibaba-owned grocery chain has achieved double-digit growth based on Watch New Son (2020) Korean movienine consecutive months of overall profitability, with customer numbers increasing by over 50%. This marks the first time that Yan has made a disclosure regarding Freshippo’s profitability since she assumed the role of CEO in March 2024.
Freshippo’s operations have shown consistent improvement since achieving full profitability in Q4 2022 and Q1 2023. However, in October 2023, the retailer unexpectedly introduced a 20% discount across its entire offline product range, surpassing the 12% discount previously offered exclusively to members under its RMB 258 annual membership program. This move sparked discontent among existing members, who felt their paid benefits were devalued by the broader discount policy. Under Yan’s adjustments, the company turned a profit during the off-season for the first time between March and June 2024, entering a phase of sustained profitability.
Freshippo is a subsidiary of Alibaba Group, specializing in fresh food retail with both online and physical stores. [Guandian, in Chinese]
(Editor: {typename type="name"/})
Keeping Hope Alive
These custom masks may not beat Face ID, but they could do some good
Watch the wild Kansas City Super Bowl parade car chase
Watch Trump snub Nancy Pelosi's handshake at the State of the Union
Episode 4: The Wave of the Future
NYT Connections Sports Edition hints and answers for May 18: Tips to solve Connections #237
Connections: Sports Editionis a new version of the popular New York Times word game that seeks to te
...[Details]
Team Trump's 'Keep Iowa Great' plane photo is getting mocked
Tim Murtaugh, the director of communications for President Donald Trump's re-election campaign, trie
...[Details]
'Daisy Jones and the Six' review: Can this fictional band be your next musical obsession?
Daisy Jones and the Six catapults us back into the '70s for a look at the meteoric rise and tumultuo
...[Details]
Dog absolutely loses it when her astronaut owner returns from space
NASA astronaut Christina Koch got a truly out-of-this-world welcome after returning home from space.
...[Details]
Best soundbar deal: Save $300 on the Sonos Arc
SAVE $300: As of May 16, get the Sonos Arc soundbar for $599 at Amazon, down from its usual price of
...[Details]
Dog absolutely loses it when her astronaut owner returns from space
NASA astronaut Christina Koch got a truly out-of-this-world welcome after returning home from space.
...[Details]
'Triangle of Sadness' review: "eat the rich" comedy goes gross
There's a delicious schadenfreude baked into "eat the rich" comedies like Parasite, White Lotus, Kni
...[Details]
Remember the scene in Minority Reportwhere Tom Cruise's self-driving car tries to automatically take
...[Details]
The Jaundiced Eyeball
...[Details]
It seems like every day another tech company announces that it, too, will be joining the rest of the
...[Details]
Best Max streaming deal: Save 20% on annual subscriptions
'Quordle' today: See each 'Quordle' answer and hints for March 5
接受PR>=1、BR>=1，流量相当，内容相关类链接。