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Alibaba’s Alipay is the world’s largest mobile and online payment platform which comprises 520 million users. After launching Alipay in South Africa in July 2018, Alibaba has announced plans to further expand its presence in the region.

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Chinese ecommerce retailer Alibaba has agreed to take a 10% stake in one of Russia’s biggest tech players, to boost its development in Russia.

Alibaba will own 48% of AliExpress Russia

Alibaba will own 48% of AliExpress Russia as a result of the deal signed with Russian Direct Investment Fund (RDIF), mobile operator Megafon and internet group Mail.ru. The three Russian companies will have a combined 52% stake in the ecommerce platform after contributing cash, shares and other assets. Megafon will swap its 10% stake in Mail.ru for a 24% stake in AliExpress Russia. Mail.ru will contribute its Pandao ecommerce business and cash in exchange for a 15% stake in AliExpress Russia, and RDIF will acquire a 13% stake in AliExpress Russia.

Access to 100 million users in Russia

By partnering with Russia’s leading  internet platforms, AliExpress Russia will leverage Mail.ru Group’s 100 million internet users across its social media, messaging, email and online games platform.

Webinar: Asia’s largest online markets in 2022

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Alibaba has reported a total revenue of RMB80.9bn (US$12.2bn), up 61% from the same quarter last year. The growth is mainly driven by its core ecommerce business and fast-growing cloud division.

Core ecommerce business

Alibaba's core ecommerce business, mainly Tmall and Taobao, is still the company's biggest unit, accounting for around 86 percent of revenues. Core ecommerce revenues were reported at RMB69.19bn (US$10.09bn), represented a 61 percent year-on-year increase.

During this quarter, Alibaba added 24 million transacting users to a total of 576 million Annual Active Consumers. The average Annual Active Consumer places 90 orders across 16 product categories per year on Tmall and Taobao.

Tmall continued to expand its B2C market leadership with the GMV (Gross Merchandise Volume) of physical goods growing 34% year-on-year.

New Retail driving returns

Alibaba reported 340% growth in China Commerce Retail – Others, which is primarily New Retail, including its import business, Hema supermarkets, Intime department stores, as well as the food delivery service Ele.me that Alibaba now owns.

Alibaba plans to further expand the Hema network and its footprint in New Retail.

Alibaba’s three-pronged consumer offerings

Retail, entertainment and local services will be the long-term drivers of value creation for Alibaba. The Chinese middle class will continue to expand and more of these consumers are demanding a higher-quality lifestyle. Alibaba believes the real wage growth, high saving rates of the Chinese families and easier access to consumer credit will support the growth of domestic consumption in China.

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The shortlist has been unveiled for the IGD Awards 2018, the annual event celebrating the best of the food and grocery industry.

Celebrating nearly three decades, over 540 winners, 10,000 entries, 3,400 hours of judging, 15,000 attendees and 1,800 judges, the awards ceremony is a historic event that will take place in London on 2nd October, where more than 600 senior executives will gather to raise a toast to the industry’s achievements over the last 12 months.

Joanne Denney-Finch, IGD Chief Executive, said: “We have a lot to celebrate in our industry, whether it’s the exciting innovations and advancements we see in stores or creative new products that are inspiring shoppers to cutting-edge supply chains using the latest technology, it gives me great pride to be a part of a sector that achieves so much.”

“It’s for this reason that the IGD Awards has been bringing businesses together for 27 years to reward the accomplishments that stand out. Congratulations to all of our finalists and we wish you the best of luck on 2nd October!”

Just under 100 companies of all sizes from across the industry have been shortlisted for the prestigious awards. 

IGD Store of the Year Award

Our analysts have visited over 750 stores, in more than 50 countries, during 2017/18. From these country and store visits, each analyst has submitted their nomination for the Store of the Year based on the store offering benefits for the shopper, what makes the store unique, where it fits into the retailer’s strategy and where it showcases new thinking. 

From the stores that were submitted that showed how a retailer is pushing boundaries, creating an innovative, original store format that improves the shopping experience we identified a shortlist of five stores that will be judged for IGD’s Store of the Year Award. Here is the IGD Store of the Year Award shortlist:

(Click on the retailer name to access our store report on the shortlisted store)

Attend the IGD Awards ceremony

Join us in congratulating the worthy finalists and deserving winners of our IGD Awards. You’ll start the evening with a champagne reception, followed by a delicious three-course dinner and exciting entertainment.

Store of the Future 

We have produced a report looking at ten areas for retailers and suppliers to consider as they prepare for the physical store of the future. You can access the report for free here.
 

Toby Pickard

Toby Pickard

Head of Insight – Innovation and Futures
2 October, London

Join us as we reward business excellence and individual success.

Presentations

25/09/2018
An essential summary of trading priorities, latest developments, and other key commercial insights for Alibaba Group.
18/09/2018
Alibaba has launched a restaurant inside one of its Hema Fresh stores in Shanghai that uses robots to deliver food to customer's tables.
14/09/2018
Our analysts have visited over 750 stores, in more than 50 countries, during 2017/18. From these country and store visits, each analyst has submitted their nomination for the Store of the Year based on the store offering benefits for the shopper, what makes the store unique, where it fits into the retailer’s strategy and where it showcases new thinking.
View all presentations

Key presentations

Our new report highlights the five big trends that we think will help further shape the grocery retail landscape in Asia in 2017, plus provides insight on the latest retailer performance.

This in-depth guide to China explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.

An essential summary of trading priorities, latest developments, and other key commercial insights for Alibaba Group.

We've developed a single, universal methodology for calculating food and consumer goods retail data, supported by our programme of primary and secondary research. This makes Retail Analysis the most reliable and robust source available for data of this type. 

We've grouped all the latest Asian retail news, store visits, retailer profiles and downloadable presentations together in one place.