Richard Liu of and Jack Ma of Alibaba

LONDON — China’s Alibaba and top the list of “Top 100 Retailers in Asia 2019,” a report released by Euromonitor, the global market research company, on Thursday.

The top six spots remain the same as Japan’s Seven & I Holdings, parent company to convenient store chain 7-Eleven and the Sogo and Seibu department stores, and Aeon Group rank third and fourth, respectively. and China’s Suning Commerce Group come in fifth and sixth, respectively.

Walmart jumped to seventh place, while Korea’s Lotte Group and Shinsegae Co. slid to eighth and 10th place. Japan’s FamilyMart UNY Holdings dropped to ninth.

Top 10 ranking from the report  Screenshot

The report said the retail landscape in the Asia Pacific was “more challenging than ever” in 2018 and “consumers’ attitudes to shopping in the region were impacted by four major transformations: urbanization, more single households, aging and increasing wealth.”

The major shift in retail, reflected in the ranking, is away from the physical store as shoppers become more comfortable with buying non-grocery products online. “Digital commerce has grown and will continue to do so with the rise of the marketplace model,” said the report.

In 2018, 47 percent of all digital commerce sales were made through the marketplace model, up from 27 percent in 2009. Digital marketplace players have also become some of the undisputed leaders in a highly competitive industry.

The report also lists ranking on specific categories. Seven & I Holdings is the number-one within grocery retailers in Asia Pacific region, Sunning Commerce Group top the chart within non-grocery specialists, and Aeon group is the biggest mix retailers.

E-commerce players dominate the ranking of non-store retailing. Alibaba,, Amazon and Sunning Commerce Group remain in the top four spots. The Guangzhou-based jumps to fifth place and Pinduoduo tripled its sales in 2018 and moves up to ninth place. Japan’s Rakuten and Japan Consumers Cooperative Union move down.

Divided by region, Seven & I Holdings is the biggest player in Southeast Asia, Taiwan and Thailand. Alibaba holds firm in Mainland China and AS Watson Group dominates Hong Kong. Walmart, Sumber Alfaria Trijaya, Aeon Group and Lotte Group are the biggest retailers in India, Indonesia, Japan and Korea, respectively.

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