Alibaba Group news

Alibaba’s Alipay intends to support 10m small and medium businesses in Europe over the next five years. Reach 2bn consumers over five years It aims to reach more than 2bn potential consumers travelling to Europe by expanding collaboration with European acquirer Worldline, as well as a new initiative to serve airport stores through in-app mini programs. Greater convenience for merchants a...

Chinese consumers embraced voice ordering during this year’s global shopping festival. More than one million orders were placed through Alibaba’s Tmall Genie smart speakers on Monday 11th November. Growing popularity of smart speakers Voice ordering has become an increasingly popular way of shopping in China. Orders of grocery and household items placed through voice command on the 11th Nov...

Alibaba is opening a 464 sq m bricks-and-mortar Taobao store at Mytown Shopping Centre in Kuala Lumpur, Malaysia. Alibaba extending offline reach Alibaba is partnering Mytown and Lumahgo New Retail to open the new store on 29th November. This follows its move to open its first Southeast Asian store in Singapore’s Funan mall in September. Jess Lew, Tmall World Malaysia’s marketing manag...

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...