Alibaba Group news

Jack Ma will hand over leadership to current Group CEO Daniel Zhang.   Retirement to start next year The co-founder and executive chairman of Alibaba, Jack Ma, has announced his retirement exactly a year from today. He is leaving to focus his time on developing education and philanthropy through the Jack Ma Foundation. Though Ma will hand over the reins to Zhang on 10 September 2019, he ...

Alibaba has reported a total revenue of RMB 80.9bn (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 r...

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 re...

Another giant ecommerce player may enter Indian market. Investment of at least US$5 bn from Alibaba Talks have begun between Alibaba and Reliance Retail about the possibility of creating a mega retail joint venture. Jack Ma, Alibaba’s executive chairman and Mukesh Ambani, Reliance Industries Ltd. chairman met recently to discuss plans to create an omnichannel retail entity. If it proceed...

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 t...

Alibaba has announced plans to roll out its farm-to-shelf food tracking app to all 64 Hema stores, across 13 cities in China, by the end of the year. Highly transparent supply chain The app is already operational in 17 stores in Shanghai and allows shoppers to scan products to better understand both food provence and a products pathway through the supply chain. Through scanning a QR code in...

Starbucks China and Alibaba have announced 'a deep, strategic New Retail partnership'. Alliance between giants Next month, Starbucks China will begin to offer coffee delivery via Alibaba's Ele.me. The service will be available at 150 stores in Beijing and Shanghai and the coffee chain will also open delivery kitchens to fulfil orders. The service is expected to be rolled-out to more than 2,...

Following Alibaba's entry into Africa in late 2017 the business continues to invest in the market. We look at how Alibaba Business School and UNCTAD (United Nations Conference on Trade and Development) have developed a programme to support young entrepeneurs in Africa. Teaching about the impact of ecommerce Alibaba recently used its Hangzhou headquarters to host the eFounders Fellowship Pro...

With so much going on in the ecommerce and technology space in China, we've selected the top news from Alibaba Group this week. Alibaba Group's Rural Taobao to expand to 1,000 counties Rural Taobao is one of Alibaba’s three main strategic projects besides globalisation and cloud computing. It aims to improve the living conditions of China’s rural regions by providing high quality products a...

Alibaba has opened an office in Malaysia, its first country office in Southeast Asia. First Electronic World Trade Platform (eWTP) hub outside China The new office will serve as a one-stop solution centre for local businesses, helping them identify global trade opportunities and take advantage of digital innovations. It will offer training courses to assist young entrepreneurs to export the...