AGP Executive Report
Last update: 3 hours agoOnline Retail: India’s festive e-commerce sales grew 17% to $15 billion, with ethnic wear posting double-digit growth. China’s Double 11 sales rose 4.8% to $266 billion, led by services, hobbies and pet spending, while AI played a larger role. Brand Expansion: Nykaa has brought Australian skincare label Grown Alchemist to India, while Marks & Spencer is expanding across Asia Pacific through Global Fashion Group and Zalora. Retail Deals: China’s JD.com completed its €1.34 billion acquisition of German electronics retailer Ceconomy, adding more than 1,000 stores to its European push. Consumer Prices: India’s October retail inflation hit 6.09%, breaching the central bank’s 6% limit as food prices climbed, raising the prospect of higher borrowing costs. Digital Payments: Paytm received preliminary RBI approval to offer prepaid products, including wallets, pending final authorisation.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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