Alibaba Group news

17 November 2020
The country’s major internet companies, such as Alibaba, JD.com and Meituan, are likely to be hit by the rules. Rules to prevent tech monopolies China’s State Administration for Market Regulation (SAMR) issued a draft of new anti-monopoly rules on 10 November. The goal is to prevent monopolistic behavior, such as: Hosting companies restricting brands from selling on multiple platforms...
12 November 2020
Alibaba is celebrating its twelveth 11.11. Singles Day. We have been tracking its latest news and development. Its first sales window from 1-3 November has registered record sales. We wrap up the event with a highlight of major brand activites that contributed to this year's success. Summary and key highlights: Total GMV recorded over the event including the presales period is CNY498.2...
06 November 2020
We round up the latest developments leading to the 11.11, the largest online Global Shopping Festival. Highlights from 1 - 3 November The first parcel was delivered within 11 minutes to a customer in Wuhou District in Chengdu 100 brands topped gross merchandise volume of CNY100m in 111 minutes after sales officially began. They include Nike, Adidas, Apple, L’Oréal, Estée Lauder, Xiaom...
06 November 2020
A global strategic partnership between Alibaba, Richemont and Farfetch will provide brands improved access to China’s luxury market. Partnerships expanding the ecosystem Farfetch will launch on Alibaba Group’s Luxury Platforms in China, e.g. Alibaba’s Tmall Luxury Pavilion and Luxury Soho platforms as well as cross-border marketplace Tmall Global. Alibaba and Richemont will invest US$500m i...
06 November 2020
Alibaba Group has released its Q2 results for the three months ending 30th September. Revenue increased 30% to CNY155.1bn (US$22.8bn) YoY. Growth slowing, but still relatively strong   The number of annual active customers on Alibaba’s China retail marketplaces increased by 15m to reach 757m. Mobile MAU’s reached 881m at the end of September. Ahead of the retailer's 12th annual shopping eve...
04 November 2020
The world’s largest annual online shopping festival that culminates on 11.11 has begun.  More than 250,000 brands will participate. We share some of the key things to expect this year. Presales activity to build brand and drive engagement This year’s 11.11 kicked off on 19 th October. To warm up for 20.11.11 presales, Tmall kicked off an online-to-offline fashion event spanning 48 hours. T...
20 October 2020
Last week, Alibaba Group President Michael Evans joined NRF President and CEO Matthew Shay to discuss Alibaba’s response to COVID-19, and how the pandemic has altered the retail landscape in both the short term and long term. We share some of the key highlights. What has been the journey for Alibaba and its merchants since Feb 2020? Alibaba has been adjusting the business to respond to the ...
19 October 2020
Alibaba is investing approximately US$3.6bn to double its stake in Sun Art to 72%, taking control of the largest retailer in China. Alibaba is purchasing the stake from Auchan, which on completion of the sale will see it exit the Chinese market. Alibaba strengthening bricks-and-mortar presence Auchan has accepted Alibaba’s offer to acquire its remaining c.36% stake in Sun Art. Alibaba acqui...
09 October 2020
Alibaba is set to acquire a stake of around 10% in travel duty-free company Dufry. New Retail and digital transformation Full details of the deal have not yet been disclosed. It would, include, however, a new joint venture setup (51% owned by Alibaba and 49% by Dufry). As part of the JV, Dufry will contribute its existing travel retail business in China. Dufry is the world’s largest duty...
30 September 2020
Joining the competition with Costco and Walmart’s Sam’s Club, the retailer opens its first membership-only wholesale store in Shanghai. Challenging Sam’s Club and Costco The new wholesale store, known as X store, opens in Shanghai on 1 October. Goods bought in the X store can be delivered in half a day if the customer lives within a 20-km radius from it. “ We hope we can improve our capa...