Alibaba Group news

06 March 2015
Amazon China has opened an official store on Alibaba's Tmall marketplace selling imported products including food, shoes, toys and kitchenware, unveiling a new collaboration between the two e-commerce companies. Amazon widening its reach The initiative by Amazon reinforces the huge dominance and influence of Tmall in China and its position as the first port of call for Chinese consumers. Sa...
12 February 2015
After Costco opened its flagship store on Alibaba's Tmall, a few other retailers have followed suit. Countdown from New Zealand and Fresta from Japan have opened their stores on Tmall and E-Mart from Korea is also planning its store opening. Countdown's Tmall store Operating 160+ stores in New Zealand, Countdown is part of Woolworths and this is their first attempt to break into the Chinese...
05 February 2015
After Amazon trialled drone delivery, Alibaba in China also started a trial on drone delivery in a three day pilot program from February 4th to 6th. According to Alibaba's official account on Weibo, the test is on a small scale - only 450 Taobao shoppers in Beijing, Shanghai and Guangzhou will receive the delivery of the specific product, ginger tea by drone. These shoppers should expect the prod...
02 February 2015
Alibaba Group achieved 47% growth in GMV in 2014, announced by the group in its financial results for the quarter ended December 31, 2014. Half of China's internet users are active Alibaba buyers Jonathan Lu, chief executive officer of Alibaba Group, said "Annual active buyers increased to 334 million in 2014, an increase of 45% year on year... and our results reflect the strength of our ec...
29 January 2015
Following Alibaba's move into selling imported foods to Chinese consumers, JD.com, the largest Chinese online direct sales company, has also announced an initiative to bring imported food items the Chinese market. The company will partner with food producers from Australia, Canada, US, Chile, France and New Zealand. Seafood, fruits and wine are among the featured products that JD.com will bring ...
02 January 2015
Following the launch of its store on Alibaba’s Tmall online marketplace in China, Costco has seen a strong initial response from shoppers. $6.4m sales in first month Costco opened its store on Alibaba's Tmall online marketplace last October, offering a range of imported food and healthcare goods, including its Kirkland Signature private brand ranges. In an update on the performance of Tmal...
12 November 2014
So the dust has settled as Alibaba set another record of online sales in one day. On Alibaba’s platforms alone: 57.1 bn RMB (US$9.3 bn) in gross merchandise volume was sold 278 million orders were received 217 countries and regions joined in the shopping spree Source: Alibaba An opportunity for everyone Though Alibaba has been the main driver of the shopping festival, other...
11 November 2014
It is Singles' Day in China - the biggest online sales day started at 0:00 today. Alibaba reported its first US$1 bn GMV (gross merchandise volume) in less than 20 minutes. At one hour, the company announced its sales had reached US$2 bn. At 10:51, the B2C platform Tmall alone had generated sales of RMB30 bn (US$ 4.9bn). Alibaba aims to drive 43% sales growth vs. 2013 and taking revenue’s from Tm...
15 October 2014
Costco has opened its flagship store on Alibaba's Tmall online marketplace. The store now carries mainly imported food and healthcare goods including its Kirkland Signature private label. It's driving traffic by ensuring quality of its all imported products and offering discounts and free delivery for some items. Testing new ecommerce models Entrance to China's ecommerce market is part of Cos...
19 September 2014
Chinese e-commerce giant Alibaba Group would be valued at USD 168bn, larger than Amazon, but smaller than Walmart, at the initial public offering (IPO) price of USD 68  per share. The total funds raised will reach USD 25bn, setting a record-breaking IPO in U.S. history. Alibaba's business Alibaba's major platforms include Taobao.com, China's largest consumer-to-consumer ecommerce site, and ...