【Jerome Deeds Archives】
Freshippo CEO Yan Xiaolei announced in an internal letter today that the Alibaba-owned grocery chain has achieved double-digit growth based on Jerome Deeds Archivesnine 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]
Search
Categories
Latest Posts
Put Me In, Coach!
2025-06-26 08:50Some delayed iPhone X shipments are arriving quicker than expected
2025-06-26 08:29Rohingya refugee crisis gets broken down in one powerful GIF
2025-06-26 07:57Screw it, I’m pronouncing it 'iPhone eX'
2025-06-26 07:04Philips now allows customers to 3D print replacement parts
2025-06-26 06:54Popular Posts
Lana Del Rey is retiring a song with a Weinstein
2025-06-26 08:39A timeline of the rogue Trump
2025-06-26 08:21Resellers hope to make fast buck at launch of iPhone X in Singapore
2025-06-26 07:47NYT Strands hints, answers for April 23
2025-06-26 07:34Featured Posts
Rohingya refugee crisis gets broken down in one powerful GIF
2025-06-26 08:05'Stranger Things 2' is channeling Harry Potter
2025-06-26 07:53Best Garmin deal: Save over $100 on Garmin Forerunner 955
2025-06-26 06:50Popular Articles
Best soundbar deal: Save $300 on the Sonos Arc
2025-06-26 09:00Is Snapchat trolling Apple and Google over the burger emoji?
2025-06-26 07:43Silicon Valley preaches fasting, alarming eating disorder experts
2025-06-26 07:43Twitter account shows what images Osama bin Laden had on his devices
2025-06-26 07:32Anker raises Amazon prices amid US tariffs
2025-06-26 07:31Newsletter
Subscribe to our newsletter for the latest updates.
Comments (7677)
Focus Information Network
What's Thermal Throttling and How to Prevent It
2025-06-26 09:26Neon Information Network
The iPhone X's camera bump vs. every iPhone ever
2025-06-26 08:56Dream Information Network
Kevin Spacey is seeking 'evaluation and treatment' after more allegations emerge
2025-06-26 08:32Reality Information Network
Kevin Spacey is off 'House of Cards as Netflix moves to sever ties
2025-06-26 07:29Opportunity Information Network
Best robot vacuum deal: Eufy Omni C20 robot vacuum and mop $300 off at Amazon
2025-06-26 07:05