Alibaba Group news

03 November 2017
Alibaba Group has released their Q2 results for the three months ending in September. Sales rose 61% to CNY55.1 bn (US$8.3 bn) for the same period last year. Lead-up to Singles' day Alibaba's Q2 results have somewhat been subdued in previous years. With strong focus on their 11.11 festival , one could perceive their second quarterly results more or less a formality. Certainly this year...
02 November 2017
Singles' Day is fast approaching, we review Alibaba's plans for 11.11 ahead of the events' six years anniversary. The spectacle... Alibaba's annual Global Shopping Festival, 11.11, will bring together shoppers, retailers, suppliers and financial institutions from around the world to experience Alibaba's vision on the future of retail. The retailer's latest strategy, New Retail, aims to blen...
08 September 2017
E-commerce giant Alibaba is planning to open their first brick-and-mortar mall in Hangzhou, China. 'New Retail' strategy driving decisions... Construction work to Alibaba's five-storey 'More Mall, which sits on a 40,000 sqm plot of land, is being finalised and launch is expected in April next year. The move to physical retail reflects Alibaba's 'new retail' strategy; blending online, offlin...
05 September 2017
In China, Lawson will join with Alibaba in selling tickets for Japanese museums and other tourist attractions by the end of this month. How it will work and why... Japanese ticket-selling site, Lawson HMW entertainment will collaborate with Alibaba's travel booking site, Fliggy, in allowing users to purchase tickets to attractions such as Japanese aquariums and art museums. Customers will b...
18 July 2017
Ecommerce giant Alibaba has opened another three Hema Fresh stores, advancing its ‘new retail’ strategy, which aims to reinvent retail. What’s Hema Fresh? Hema Fresh was founded by Hou Yi, a former executive at JD Logistics, the logistics arm of Alibaba’s rival JD.com. The first Hema Fresh store was opened in Shanghai in January 2016. Alibaba bought into the company soon afterwards. It curr...
10 July 2017
Chinese e-commerce giant Alibaba is raising its stake in Lazada, the leading online marketplace in Southeast Asia, to 83 per cent from 51 per cent. Tesco no longer a shareholder As Alibaba exercises its option to buy out all Lazada shareholders, Singaporean sovereign fund Temasek and the Lazada management team are the only investors that would keep hold of their stock, of the remaining 17 p...
28 June 2017
Alibaba bought a controlling stake in Lazada Group last year. The US$1bn investment in Lazada was its largest overseas bet in the ecommerce space. It has just taken the option to buy out almost all of Lazada's investors, except Singapore-owned investment company, Temasek Holdings. Lazada Group is the region's largest ecommerce platform with operations in Indonesia, Malaysia, Singapore, Thailan...
31 May 2017
E-commerce giant Alibaba is penetrating deeper into the offline sector by taking 18% stake in Lianhua Supermarket to build its "new retail" model. The deal Alibaba spent an estimated but unspecified amount of over HK$630m (US$80.88m) for an 18% stake in Hong Kong-listed Lianhua Supermarket, and became the second-largest shareholder of Lianhua. Alibaba bought the Lianhua stake from Shanghai ...
30 May 2017
Chinese retailer Yiguo has announced that it has agreed to transfer 18% of its shares in Lianhua Supermarket to Alibaba China, reportedly worth HKD780m (US$100m). Alibaba's share in Lianhua grows further Yiguo is a well-known Chinese fresh produce e-commerce leader and acquired all of Yonghui Superstores' shares in Lianhua Supermarket in January. The latest agreement with Alibaba is an indi...
24 May 2017
Just two months after discounter Aldi launched online in China on Alibaba's B2C website Tmall, Lidl has made the same move with its own Chinese web shop on the same platform. Private label offer The website will be transactional as of later this month, however shoppers can view the site. Lidl is focusing the offer on its private label brands such as Combino (Italian foods), Bellarom (co...