Alibaba Group news

12 April 2016
Tesco has announced a deal to sell part of its stake in South East Asian online marketplace Lazada, whilst the deal will further boost the reach of Chinese e-commerce giant Alibaba. Tesco will retain a small stake in Lazada Tesco invested in Lazada in November 2013 and held a 19.6% stake in the online marketplace. However, it has entered into an agreement to sell an 8.6% equity stake to...
07 April 2016
E-commerce giant Alibaba Group has become the world’s largest retail network, with its total trading volume online in the fiscal year ending 31 March 2016 surpassing Walmart's annual sales. A milestone to signify the importance of online retail Alibaba has yet to reveal its financial results for the last quarter and complete fiscal year, but the announcement makes it clear that it exceeded ...
21 March 2016
Chinese e-commerce giant Alibaba is planning to enter India this year. The group has also announced that it has reached RMB3tn Gross Merchandise Volume (GMV), a milestone achieved amid China’s economic slowdown.  Going beyond investing in local firms in India Alibaba met India’s telecom minister Ravi Shankar Prasad on Saturday and said it plans to come to India and work to serve customers...
28 January 2016
Chinese e-commerce giant Alibaba Group’s revenue surged 32% to US$5.3bn in the three months ending December 2015, as an unprecedented number of Chinese shop on their mobile phones. M-commerce taking off The company, which claims an 80% market share of online retail in China, has 407 million buyers on Tmall and Taobao. Its mobile monthly active users reached 393 million in December, which...
20 January 2016
Leading e-commerce retailer Alibaba has started a nationwide shopping festival, hoping to capitalise on the most important celebration in China - Chinese New Year. A special focus on food and agriculture products The five-day shopping event has kicked off in the run-up to the Lunar New Year, which falls on 8 February this year. Alibaba is giving out vouchers in virtual red pockets, whilst a...
14 January 2016
Alibaba has opened a bricks and mortar store in the north China port city of Tianjin, located to the south east of Beijing. New store located in Tianjin Free Trade Zone The new store is part of a 20,000 sq m retail outlet that is located in the Tianjin Free Trade Zone (FTZ) and will sell imported products. In order to attract shoppers, the ecommerce giant has chartered two trains a day to b...
28 October 2015
Alibaba continues to rewrite the e-commerce rule book in China, with record Q3 sales, mobile volumes doubling versus last year and a new partnership with Coca-Cola, ahead of the hotly anticipated Singles Day on 11 November. Alibaba Q3: 121% growth in mobile sales Chinese online giant Alibaba has reported Q3 gross merchandise volumes from its marketplace up 28% to US$112bn, with revenue ...
26 October 2015
Australian wholesaler Metcash has become the latest retailer to partner with Alibaba and launch a new website to sell products to Chinese shoppers. New website to focus on popular grocery items China is already the world's largest online grocery market, with the channel forecast to see 34% CAGR between now and 2020. Metcash clearly wants to be part of that growth and it is understood tha...
08 September 2015
Metro Group has entered a strategic partnership with Alibaba Group to promote business in China’s rapidly growing e-commerce market. According to the agreement, Metro Group is launching its official flagship store ( metro.tmall.hk ) exclusively on Alibaba Group’s Tmall Global platform offering a range of German products to the Chinese consumer. China - key e-commerce market for Metro Group...
29 July 2015
China's Tmall.com is promoting its online grocery platform in Beijing with special discounts and same-day delivery. Investing in growth; setting new service standards The online platform, a subsidiary of Alibaba, will invest CNY 1bn (USD 161m) in the promotion, running for the last week of July. Beijing-based shoppers will have the  opportunity to win special "red packet" discounts off...