Alibaba Group news

15 November 2022
The festival’s sales growth this year was estimated to be lower than previous years. Alibaba reported its gross merchandise value (GMV) was same as last year’s, While JD.com only mentioned that its GMV hit a record. However, sales from up-and-coming products and specific customers showed strong growth. Stable sales performance Despite the on-going effects of COVID in China, the key play...
10 November 2022
Alibaba Group kicked off its 14 th annual 11.11 Global shopping festival on 24 October. Building up excitement from 24 Oct Shoppers can add items to their online shopping carts at 11.11 prices from 24 October, a week before the first checkout window. They can check out any time between 31 October and 3 November or 10 November to 11 November. Staggered orders help merchants process the larg...
02 November 2022
Apart from giving a price discount on products during the festival , which runs between 31 October to 11 November 2022, Alibaba has increased its support to help partners grow their businesses, and help it differentiate it from rivals. Growing customer loyalty for brands One of Alibaba's key objectives is to help brands grow customer loyalty on its platform. This initiative can help bran...
17 October 2022
China’s leading on-demand delivery service operator, Meituan, has partnered with convenience chains to launch its first around-the-clock on-demand delivery service. Boosting sales momentum The market for on-demand delivery has been dominated by three  companies, JD.com, Alibaba and Meituan. JD.com has a big share of this market, especially in the supermarket channel through its omnichanne...
22 September 2022
Understand how retailers in Spain continue to tackle rising inflation, while Alibaba plans to accelerate its expansion for Europe. Explore how DinoSol achieved an increase in sales during 2021 and why Ahorramas closed 2021 with a decreasing turnover.   DIA invests €130m to tackle inflation DIA announced it has invested almost €130m during 2022 to help tackle inflation, Spain is a price sens...
14 July 2022
Freshippo Outlet, a new discount format, offers shoppers daily great deals on quality fresh foods and helps reduce the group's food waste. Optimising profitability by reducing food waste According to Alibaba's full fiscal year 2022 report, the growth of direct retail business has impacted its profit earning. Optimizing its operation cost efficiency is crucial for long-term sustainability,...
27 June 2022
From social shopping to a metaverse mall, we highlight five new initiatives and innovations debuted to inspire shoppers and help merchants during this big shopping festival. Inspiring by innovation and new user experience Alibaba’s Taobao unveiled a “Metaverse Mall” in the festival where shoppers were able to use a mobile phone to guide their avatars and do virtual reality shoppin...
27 June 2022
This year the 618 shopping festival generated a total sales revenue of RMB 695.9bn (USD 103.8bn) through ecommerce channels (excluded quick commerce and community group buying), reports Syntun. This is an increase of 20.3% year-on-year, but down 6.2% compared to the previous year's 26.5% sales growth. Besides driving sales through slashing prices and discount coupons, what significant findings...
06 June 2022
JD.com achieved double-digit revenue growth, while Alibaba maintained a significantly stronger operating margin. Performance highlights Revenue Alibaba’s Q4 results (three months ending 31st March 2022) reported revenue of RMB 204bn (US$ 32.2bn), up 9.0% year-over-year, but down 15.9% on the previous quarter. Over a third of this was driven by direct sales, including through Fresh...
20 April 2022
Flipkart, Lazada and Tmall, leading ecommerce operators from across the region, are launching new customer-facing initiatives that tap into the desire to make better choices for people and the planet. Tmall introduces carbon emission product labelling Alibaba’s online marketplace Tmall is launching new product labelling to help shoppers understand environmental impact when making shopping w...