Alibaba Group news

22 October 2021
RedMart, operated by Lazada, has been operating in Singapore for 10 years. It recently unveiled its 350,000 sq ft West Fulfilment Centre, built at an estimated cost of SGD74m (US$55m). State-of-the- art systems Source: RedMart There are two advanced automated systems that will strengthen operations and allow for future growth, Goods To Person Picking (GTP) and Pick To Light (PTL). G...
21 October 2021
The 13th annual 11.11 Global Shopping Festival is underway. It kicked off with pre-sales at 8pm on Wednesday 20 October. The entire event will last for 23 days to 11 November. This year’s festival will mark a new chapter for the event. Here is why. The largest Festival to date This year marks the largest Festival to date, with a record 290,000 brands participating, including more than 200 l...
22 September 2021
The country is seeing a wholesale store boom. Yonghui opened its first wholesale store in May 2021, it now has 45 such stores. Local retailers are rushing into the wholesale sector, encouraged by Yonghui’s good results Yonghui opened its first wholesale store in May 2021 by upgrading one of its Bravo YH supermarkets in Fuzhou. Within four months, it has upgraded 45 selected stores into wh...
23 August 2021
WorldFirst, an international business payments provider, has formed a partnership with Alibaba.com, Alibaba’s B2B marketplace, to help UK-based small and medium-sized enterprises (SMEs) bolster their digital presence and expand their sales internationally. Help UK SMEs access Alibaba’s platform and services WorldFirst will help British sellers gain access to the 15 million buyers from over ...
05 August 2021
Alibaba Group announced financial results for the quarter ended 30 June, 2021. Total revenue is up by +34% year-on-year (YoY), reaching CNY205.7 bn (US$31.9 bn). “ Alibaba started the new fiscal year by delivering a healthy quarter ” Revenue was CNY205 bn (US$32 bn), an increase of 34%YoY. Excluding Sun Art , total revenue would have grown 22% YoY to CNY187 bn (US$29 bn) Annual ac...
20 July 2021
The retailer has launched a new store format in May, under the code name "NB Project". After two-month trial, it is now happy with the new format’s performance and ready to roll out. It is a self-pick-up model The new store banner is called Freshippo NB, where NB stands for Neighbourhood Business. The  orders are placed one day in advance via the Freshippo app for picking up after 8:00am th...
12 July 2021
Alibaba Group’s high-tech grocery chain Freshippo has unveiled plans to launch a next-generation distribution centre in early 2022. Designed to supercharge Freshippo’s retail model Aside from the typical warehousing, packaging and delivery services, the new facility will come complete with indoor holding facilities for live seafood, cold-storage rooms, food-processing equipment and a centra...
01 July 2021
China has concluded its mid-year ecommerce shopping festival, 6.18, the country’s second largest ecommerce shopping event, just second to Single’s Day (11.11). We have identified five key learnings from this year’s event, which are discussed below. 1. Overall sales +26.5%YoY, driven by buoyant consumer spending China data firm Syntun estimates that the GMV of this year’s 18-day event reache...
23 June 2021
Pride month is observed across many markets in Asia, although it is not as huge as the celebration in Europe and the Americas.  COVID-19 restrictions have hindered plans to have physical gatherings for Pride month, but the pandemic has not stopped some retailers in Asia to launch virtual campaigns for this occasion. Philippines: Alibaba-owned Lazada recognises the LGBTQIA+ stigma  Man...
21 June 2021
Following the launch of its first membership-only store in Shanghai last year, Alibaba has opened two more X stores this month. Using the Shanghai store as an example, we highlight several features that are unique to the banner. High-tech cross-border section The highlight of the store is its cross-border section, bringing a brand-new shopping experience to the customers. Its nicely deco...