Alibaba Group news

23 September 2019
The two companies announced their collaboration to launch voice ordering in China, bringing digital customer engagement to a new high level. Elevated digital engagement Customers in China now can order Starbucks at comfort of their home through Alibaba’s voice-activated smart speaker, Tmall Genie. Orders will be delivered by Alibaba’s food delivery platform Ele.me within a 30-minute window....
18 September 2019
Starting this September, Lazada Philippines shoppers can purchase products online and pay by monthly instalments. The goal is to extend financing to underbanked Filipinos The service, called eShopaLoan, offers monthly instalment options for purchases made on the Lazada online marketplace and LazMall. It finances purchases within the price range of PHP4,000 (US$76.6) to PHP20,000 (US$383). S...
18 September 2019
Alipay has launched Alipay Macau, opening up access for local residents to a new ewallet. Easy charge access Previously, Alipay allowed Macau users to register in Alipay using their Macau phone numbers, but were not able to charge their Alipay accounts. The new version of Alipay Macau allows users to link their account to a local bank (e.g. Tai Fung Bank), or charge Alipay in Royal Supermar...
11 September 2019
One of the world’s largest ecommerce websites, Taobao, opened its first physical store in Southeast Asia this week. A decision driven by demand The store is located at Funan mall in Singapore. It is a partnership between Taobao and Virmall, a local distributor.   Known as “ Taobao Store by Virmall ”, there are about 300 products on display that are “ specially curated for Singapore Shopp...
06 September 2019
Alibaba has confirmed it will acquire NetEase’s cross-border ecommerce platform Kaola for about US$2bn. Platforms to operate independently Alvin Liu, Tmall’s import and export GM, will serve as Kaola’s new CEO. Alibaba says it plans for Kaola to continue to operate independently under its current brand, but the deal means it will no longer compete as a rival to Tmall Global. Maximising c...
29 August 2019
Alibaba has opened its first bricks-and-mortar AliExpress store in Europe. AliExpress opens in Madrid Alibaba has opened a 740 sq m store in one of the largest shopping malls in Europe, Madrid Xanadu, Spain, under the AliExpress Plaza banner. It carries around 1,000 products from over 60 brands. The product range mainly covers electronics, but includes Chinese, multinational and local brand...
20 August 2019
Chinese online retailer JD.com is reportedly in talks with bankers for US IPO in May next year. Talks still in early stage The company, a joint venture that is 48% owned by JD.com and 10% by Walmart, is seeking to raise around US$500m in an IPO. The talks are still in early stages, and the timing of the stock marketing offering, and the actual amount could change. The joint venture sec...
15 August 2019
Alibaba has announced its financial results for the first quarter ended June 30, 2019. Total revenue was up 42% to CNY114,924m (US$16,741m) YoY. Continue to invest in technology In a press release, Daniel Zhang, Alibaba’s CEO, said, “ We will continue to expand our customer base, increase operating efficiency and deliver robust growth. With strong cash flow from our core commerce business...
14 August 2019
Alibaba is reportedly in talks with NetEast to acquire its cross-border ecommerce platform  Kaola . Ecommerce landscape consolidating While neither Alibaba nor Kaola have commented on the potential deal, Sina Finance reports Alibaba could pay as much as US$2bn for the takeover. Alibaba could merge Kaola with Tmall Global, sharing logistics and expertise to drive growth. For the longer term,...
09 August 2019
After launching its 88 VIP membership program last year, Alibaba has added new perks and privileges to its top-tier loyalty program. New benefits for VIP members The new benefits include discounts at more online flagship stores, memberships for Alibaba’s different services, and wider access to other platforms within the Alibaba economy. The retailer has extended the 5% 88 VIP member discoun...