Alibaba Group news

Alibaba is celebrating its eleventh 11.11 Singles Day. We have been tracking the latest updates and developments. Here are the key highlights as the world’s largest global one day online shopping event. Summary and key highlights Total GMV recorded during the day CNY268.4bn (US$38.3bn), up 26% from last year Total number of delivery orders reached a new high at 1.292bn, up 24% from la...

AliExpress begins its campaign for the 11.11 world shopping festival. Furthermore, SuperSol launches a new business model and DIA removes its online non-food store. Family Cash has purchased eight Eroski hypermarkets. Separately, Eroski starts a food transition towards health and sustainability trends. AliExpress prepares for 11.11 Alibaba-owned AliExpress has started its campaign for the 1...

Alibaba is making Alipay payment method available to international travellers in China for the first time. Alipay opening up… Starting today, tourists visiting China will be able to download and use the Alipay app during their trip. Users will not need a Chinese bank account, and will be able to register using an overseas number, bank card and visa to sign up for a “Tour Pass” mini-program....

Alibaba Group has released its Q2 results for the three months ending 30th September. Revenue increased 40% to CNY119bn (US$16.9bn) for the same comparable period last year. Strong momentum into Singles' Day The number of annual active customers on Alibaba’s China retail marketplaces increased by 19m to reach 693m. Mobile MAU’s reached 785m in September 2019, an increase of 30m over June 20...

The duty-free arms of Shinsegae and Lotte have launched facial recognition payment technology at their stores in South Korea. After registration, Chinese customers can automatically settle payment by standing in front of a facial recognition camera, enabling shoppers to pay without cash, card, or a mobile phone. Shinsegae adds WeChat Pay facial recognition WeChat Pay facial recognition paym...

Alibaba has launched its 2019 11.11 Global Shopping Festival. This year, it will focus on new consumption and new business, but also more about making 11.11 Green. More than 200,000 brands will participate There will be 1m new products available in what is the 11 th  11.11. Brands from 78 overseas markets will participate, and more than 500m consumers are expected to shop on 11.11. To drive...

Auchan Retail Espana continues to convert its Simply stores to Alcampo, as it also rolls out a virtual assistant to help shoppers choose wine. Separately, Eroski has partnered with Sonae MC to collaborate on a textile line and Alibaba has launched its business offer in the Spanish market.  Auchan’s store conversion plans… Auchan has started to convert its Simply stores to Alcampo. The group...

Lazada’s online grocery supermarket, RedMart, is celebrating its 8 th birthday. Bank vouchers giveaway The retailer tied up with five banks to give away vouchers from SGD8 (US$6) to SGD30 (US$22). These vouchers can be redeemed for purchases on RedMart when used in conjunction with the cards issued by the respective banks. All bank vouchers were given out in the weekend. New features ...

Alibaba has announced goals for its consumer business at its annual investor day. Aims to serve over one billion consumers by 2024 Alibaba Group says it aims to serve more than one billion consumers and exceed CNY10tn gross merchandise volume through its China consumer business by the end of fiscal 2024. The company’s China consumer business covers primarily its China retail marketplaces, d...

Alibaba has announced a game changing partnership with Perfect Corp. to integrate advanced beauty AR solutions into Taobao and Tmall platforms. Virtual try-on before you buy The partnership allows shoppers use Perfect Corp’s augmented reality (AR) technology to virtually try on various beauty products, including lipsticks, blush, eyeliner, eyelashes, eye shadow and complete makeup looks. ...