Alibaba Group news

16 June 2016
If day one was about seizing opportunities in the face of disruption, day two gave way to some of the companies and individuals causing the disruption and how others are having to adapt to the changes. Supporting local entrepreneurs, to win globally Building on some of the themes from day one and setting the tone for day two were presentations from the chief executives of two young Afri...
25 May 2016
As the e-commerce giant continues to expand in China and beyond, here are three things you need to know about it in 2016. Globalisation Cross-border imports : Tmall Global brings international brands that don't have presences in China to Chinese consumers. Costco, Macy's, Chemist Warehouse, LG Household & Health Care and Matsumoto Kiyoshi have storefronts on Tmall Global. Recently, Waitros...
24 May 2016
The recent partnership between the two major mobile payments aim to provide integrated payment in more businesses. Shoppers can now use their Alipay accounts to make mobile payments via Samsung Pay application in China. The partnership The two supposedly rivals are tied up in China. Samsung Pay users can now link their Alipay accounts and make payments with their mobile phones to checkout ...
19 April 2016
Waitrose has begun exporting its products to China through Royal Mail’s online store on Tmall, China’s largest e-commerce marketplace. A measured pace to expand in a new market Waitrose China will initially offer 30 products to Chinese online shoppers, exclusively through  Royal Mail’s online store on Tmall , a B2B marketplace run by Chinese e-commerce giant Alibaba. Waitrose arranged th...
12 April 2016
Tesco has announced a deal to sell part of its stake in South East Asian online marketplace Lazada, whilst the deal will further boost the reach of Chinese e-commerce giant Alibaba. Tesco will retain a small stake in Lazada Tesco invested in Lazada in November 2013 and held a 19.6% stake in the online marketplace. However, it has entered into an agreement to sell an 8.6% equity stake to...
07 April 2016
E-commerce giant Alibaba Group has become the world’s largest retail network, with its total trading volume online in the fiscal year ending 31 March 2016 surpassing Walmart's annual sales. A milestone to signify the importance of online retail Alibaba has yet to reveal its financial results for the last quarter and complete fiscal year, but the announcement makes it clear that it exceeded ...
21 March 2016
Chinese e-commerce giant Alibaba is planning to enter India this year. The group has also announced that it has reached RMB3tn Gross Merchandise Volume (GMV), a milestone achieved amid China’s economic slowdown.  Going beyond investing in local firms in India Alibaba met India’s telecom minister Ravi Shankar Prasad on Saturday and said it plans to come to India and work to serve customers...
28 January 2016
Chinese e-commerce giant Alibaba Group’s revenue surged 32% to US$5.3bn in the three months ending December 2015, as an unprecedented number of Chinese shop on their mobile phones. M-commerce taking off The company, which claims an 80% market share of online retail in China, has 407 million buyers on Tmall and Taobao. Its mobile monthly active users reached 393 million in December, which...
20 January 2016
Leading e-commerce retailer Alibaba has started a nationwide shopping festival, hoping to capitalise on the most important celebration in China - Chinese New Year. A special focus on food and agriculture products The five-day shopping event has kicked off in the run-up to the Lunar New Year, which falls on 8 February this year. Alibaba is giving out vouchers in virtual red pockets, whilst a...
14 January 2016
Alibaba has opened a bricks and mortar store in the north China port city of Tianjin, located to the south east of Beijing. New store located in Tianjin Free Trade Zone The new store is part of a 20,000 sq m retail outlet that is located in the Tianjin Free Trade Zone (FTZ) and will sell imported products. In order to attract shoppers, the ecommerce giant has chartered two trains a day to b...