Alibaba Group news

Alibaba has announced that James Dong will take over from Max Zhang to be the new CEO of Lazada Vietnam. Enabling greater cross-country collaborations. Dong will retain the position of CEO of Lazada Thailand, allowowing him to enable greater cross-country developments. Dong adds, “Vietnam continues to present a huge opportunity for Lazada. I am confident that we will win in the market by e...

Alibaba is launching next generation flagship stores on Tmall. Flagship Store 2.0 The new format on Tmall will be called Flagship Store 2.0. It will allow brands to provide more personalised experiences for shoppers. Flagship Store 2.0 will place likely purchases on a store’s first page rather than make shoppers search for the things they want. They will also personalise content and offe...

Alibaba has launched an English-language portal for its Tmall Global marketplace. Recruiting new merchants The new portal looks to recruit new merchants. Alibaba aims to double the number of international brands on the platform to 40,000 in the next three years. Tmall Global currently covers brands from 77 countries and regions. Alibaba hopes the new website will make the B2C marketplace ev...

JD.com and Alibaba reported record breaking results for the 18-day campaign, with sales value up by +26%YoY. The festival has evolved to be a major midyear ecommerce event 6.18 shopping festival, created by JD.com, now joined by Alibaba, has become a midyear event that can match the scale of the 11.11 global shopping festival. The total sales transaction reached a new high this year of U...

High profile CFO Maggie Wu takes on new role in strategic investments. An organisational upgrade Wu will take over from Executive Vice Chairman Joe Tsai and oversee the firm’s strategic acquisition and investments unit, as part of a business and management reshuffle at the ecommerce giant. Joe Tsai will support Wu in her expanded role. “ To guarantee innovation, invest in our future, Ali...

Joint ventures and partnerships by some of Russia’s leading ecommerce retailers is evolving the channel’s service levels. Alibaba and Yandex are forming partnerships with various companies to develop their online shopping offer and improve their services. Such a move is encouraging competing ecommerce retailers in Russia, such as Ozone, to enhance theirs too. Alibaba signs strategic partners...

New research launched by IGD in association with The Consumer Goods Forum looks at how digital technologies are revolutionising the way the food and consumer goods industry operates. The report looks at how companies can respond to these change and how businesses will use digital technology to become more relevant. It explores three digital retail models of the future and sets out predictions ...

Germany’s Metro has shortlisted eight companies for its China business, a deal valued at between US$1.5bn and US$2bn as previously reported . Top retailers among the bidders Reuters news agency, citing multiple sources who cannot be named due to the confidential nature of the sale process, reports the following are joining the bid: Alibaba, in partnership with Taiwanese retailer ...

CR Vanguard is extending its partnership with Alibaba-owned delivery service Ele.me to drive online growth.   Partnership to cover other banners An earlier partnership between CR Vanguard’s Suguo and Ele.me saw the supermarket’s online transactions grow more than 60% in the last three months. Orders from third and fourth-tier cities increased by 80%. The new partnership will extend to ...

Alibaba Group announced financial results for the quarter ended 31 st  March 2019. Strong performance with growing user base The group reported strong performance for the quarter. Daniel Zhang, Chief Executive Officer of Alibaba Group commented that “ Alibaba is becoming synonymous with everyday consumption in China, growing our base to 654 million annual active consumers and extending our ...