Alibaba Group news

China: Temu’s parent PDD Holdings reported an outstanding Q3 PDD Holdings, home to the rising cross-border online discount platform, has reported a year-on-year increase of over 90% in revenue, amounting to $9.44 billion in Q3. Temu has come under the spotlight of many online retailers since the platform rose to the top of app stores in the US in just a few weeks and has now gained a presence ...

Our global analysts share their opinion on grocery retail news from across the globe. Love pumpkin spice, but food waste isn’t nice – Michela Kerbaker, Insight Analyst I always enjoy seeing children trick-or-treating on Halloween and appreciate the value to both shoppers and the industry of these types of events. IGD recently published a report on Halloween execution in stores, and ther...

Canada’s leading retailer, Loblaw, has developed its own protected gateway, enabling it to leverage the capabilities of generative AI. Text and image generation Garfield has been developed to allow the retailer’s colleagues to interact with Large Language Models (LLMs) in a safe and secure environment. The retailer wanted to leverage the potential of new and emerging LLMs such as ChatGPT an...

In September, Alibaba’s supermarket chain, Freshippo, opened 30 new stores across China, averaging one store per day, amounting to 350 locations. Freshippo’s latest expansion developments The recent openings include 16 Freshippo Xiansheng supermarkets (meaning “fresh food” in Mandarin”), three Freshippo Mini stores, 9 Freshippo outlets and one Freshippo X club across China. In addition t...

Indonesia has announced the impending ban on the online sales of cross-border goods under US$100, as part of measures to protect local small and medium enterprises (SMEs). Preventing predatory pricing The aim of the ban is to minimize the impact from predatory pricing of cheap, foreign-made goods, especially those coming from China. This will help local SMEs, who may lack the economies of s...

The Chinese e-commerce giant Alibaba has reported a 14% year-on-year increase in revenue, reaching RMB234,156 million (US$32,292 million) and a 63% increase in net income, reaching RMB33,000 million (US$4,551 million) in the June quarter 2023. This compares to the same period last year, which was impacted by stringent pandemic lockdowns. Segment revenue figures compared to the same period last ...

Alibaba has invested an additional $845.44 million USD into Lazada, its Southeast Asia e-commerce unit, reaching a total investment of $5.8 billion USD. Lazada to expand user base The retailer is in direct competition with Shopee, currently the largest online marketplace in Southeast Asia. With 160 million users in Singapore, Indonesia, Thailand, Malaysia, and other countries, Lazada aims to ...

Freshippo (part of the Alibaba Group) has unveiled its fully-automated supply chain using vehicles, robots and cloud technology to supply stores in eastern China from Shanghai to Hangzhou. With nearly 1 million square feet, this centre increases efficiencies in the supply chain The centre, which took three years to build, can sort over 2.8 million items per day, including a mix of local a...

Understand how retailers such as Alcampo and Covirán report impressive sales growth during 2022. Meanwhile, explore how DIA has stepped up its commitments to boost its pricing strategy and helping vulnerable communities. Separately, AliExpress bets on improving its customer experience to gain sales. Covirán hits 9% gross sales growth Covirán, a Spanish cooperative, achieved gross sales of €...

Alibaba opened 12 new stores on the same day in eight cities across China, including Beijing, Shanghai and Guangzhou. Concepts adapted to cater to different groups Seven newly opened Freshippo stores are adopting the latest store concept, which will offer a wider variety of products, a broader delivery area, a spacious shopping environment, and an enhanced service experience. All new stores...