Alibaba Group news

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...
09 May 2017
JD.com, China's second largest ecommerce platform has achieved its first profitable quarter since going public two years ago, helped by Chinese consumers using mobile to shop. A 'milestone' quarter JD.com’s net profits made an unexpected turn, rising to CNY239m (US$35m) compared with a loss of CNY910m (US$132m) in the first quarter of last year. Gross merchandise volume increased 42% in the...
24 April 2017
Southeast Asia’s biggest online marketplace Lazada, owned by Alibaba, has launched a new digital loyalty programme with RedMart, Uber and Netflix in Singapore. The loyalty programme The membership program, LiveUp, gives members access to rewards and discounts on online shopping on Lazada and its grocery arm RedMart, food delivery and Uber rides, as well as a free 6-month Netflix subscriptio...
24 March 2017
Lazada has launched a dedicated website to sell selected products from Alibaba's B2C marketplace Taobao. Dedicated website in English Singaporeans have been shopping on Taobao, but often through agents, due to the language barrier. The new website taobao.lazada.sg is all in English and shoppers can track their orders from end to end. Categories being sold on the new website include fashion,...