Alibaba Group news

28 October 2015
Alibaba continues to rewrite the e-commerce rule book in China, with record Q3 sales, mobile volumes doubling versus last year and a new partnership with Coca-Cola, ahead of the hotly anticipated Singles Day on 11 November. Alibaba Q3: 121% growth in mobile sales Chinese online giant Alibaba has reported Q3 gross merchandise volumes from its marketplace up 28% to US$112bn, with revenue ...
26 October 2015
Australian wholesaler Metcash has become the latest retailer to partner with Alibaba and launch a new website to sell products to Chinese shoppers. New website to focus on popular grocery items China is already the world's largest online grocery market, with the channel forecast to see 34% CAGR between now and 2020. Metcash clearly wants to be part of that growth and it is understood tha...
08 September 2015
Metro Group has entered a strategic partnership with Alibaba Group to promote business in China’s rapidly growing e-commerce market. According to the agreement, Metro Group is launching its official flagship store ( metro.tmall.hk ) exclusively on Alibaba Group’s Tmall Global platform offering a range of German products to the Chinese consumer. China - key e-commerce market for Metro Group...
29 July 2015
China's Tmall.com is promoting its online grocery platform in Beijing with special discounts and same-day delivery. Investing in growth; setting new service standards The online platform, a subsidiary of Alibaba, will invest CNY 1bn (USD 161m) in the promotion, running for the last week of July. Beijing-based shoppers will have the  opportunity to win special "red packet" discounts off...
22 July 2015
Building on five years of collaboration, Chinese e-tailer Alibaba and Unilever form a strategic partnership to unlock new opportunities in the market. Striving to unlock China's key consumer opportunities Areas of collaboration will include Big Data analytics, cross-border selling and supply chain management, with the aim of providing more convenient services to consumers in China. ...
09 July 2015
The latest news from Singapore, including private label promotions, service initiatives and etailer activity… Private label price cuts at NTUC FairPrice NTUC FairPrice will invest USD 35m in cutting the price on daily essentials, under the ‘Big Value Bag: Made for Singapore’ tagline. The programme runs from until the end of December, offering 10% discount on more than 1000 items from F...
11 June 2015
According to local reports, the Thai government is set to roll out discount department stores to try and reinvigorate consumer spending, whilst Alibaba is looking to rapidly expand its footprint in 2015. Plans to launch a discount store in every province In the wake of rising domestic debt, growing inflation and slowing consumer confidence, the Thai government is to launch 136 discount d...
13 May 2015
Alibaba's B2C e-commerce site Tmall is cooperating with international retailers to bring imported goods to Chinese consumers, who are increasingly demanding a wider range of high quality and safe products. It enables the international retailers to tap into the booming Chinese market with limited investment. Tmall's International section was launched in October 2014, and by the end of the year,...
11 May 2015
Alibaba Group has announced that revenue increased 45% to US$12.29bn for the year to March 31, 2015. Growth supporting new investment and expansion “Alibaba performed very well, growing revenue 45% year-on-year,” said Maggie Wu, Chief Financial Officer. “We continue to execute our growth strategy and focus on long-term value creation. The fundamental strength of our business gives us t...
17 March 2015
Beyond fingerprint and eye-ball scanning, Alibaba has demonstrated a big leap forward in identity verification- facial recognition for payment. At CeBit 2015 conference in Hannover, Germany, Jack Ma, founder of Alibaba demonstrated 'Smile To Pay', Alibaba's smartphone payment system. Smile To Pay will initially be rolled out in China. Alibaba affiliate Ant Financial is developing the tech...