Alibaba Group news

22 July 2015
Building on five years of collaboration, Chinese e-tailer Alibaba and Unilever form a strategic partnership to unlock new opportunities in the market. Striving to unlock China's key consumer opportunities Areas of collaboration will include Big Data analytics, cross-border selling and supply chain management, with the aim of providing more convenient services to consumers in China. ...
09 July 2015
The latest news from Singapore, including private label promotions, service initiatives and etailer activity… Private label price cuts at NTUC FairPrice NTUC FairPrice will invest USD 35m in cutting the price on daily essentials, under the ‘Big Value Bag: Made for Singapore’ tagline. The programme runs from until the end of December, offering 10% discount on more than 1000 items from F...
11 June 2015
According to local reports, the Thai government is set to roll out discount department stores to try and reinvigorate consumer spending, whilst Alibaba is looking to rapidly expand its footprint in 2015. Plans to launch a discount store in every province In the wake of rising domestic debt, growing inflation and slowing consumer confidence, the Thai government is to launch 136 discount d...
13 May 2015
Alibaba's B2C e-commerce site Tmall is cooperating with international retailers to bring imported goods to Chinese consumers, who are increasingly demanding a wider range of high quality and safe products. It enables the international retailers to tap into the booming Chinese market with limited investment. Tmall's International section was launched in October 2014, and by the end of the year,...
11 May 2015
Alibaba Group has announced that revenue increased 45% to US$12.29bn for the year to March 31, 2015. Growth supporting new investment and expansion “Alibaba performed very well, growing revenue 45% year-on-year,” said Maggie Wu, Chief Financial Officer. “We continue to execute our growth strategy and focus on long-term value creation. The fundamental strength of our business gives us t...
17 March 2015
Beyond fingerprint and eye-ball scanning, Alibaba has demonstrated a big leap forward in identity verification- facial recognition for payment. At CeBit 2015 conference in Hannover, Germany, Jack Ma, founder of Alibaba demonstrated 'Smile To Pay', Alibaba's smartphone payment system. Smile To Pay will initially be rolled out in China. Alibaba affiliate Ant Financial is developing the tech...
06 March 2015
Amazon China has opened an official store on Alibaba's Tmall marketplace selling imported products including food, shoes, toys and kitchenware, unveiling a new collaboration between the two e-commerce companies. Amazon widening its reach The initiative by Amazon reinforces the huge dominance and influence of Tmall in China and its position as the first port of call for Chinese consumers. Sa...
12 February 2015
After Costco opened its flagship store on Alibaba's Tmall, a few other retailers have followed suit. Countdown from New Zealand and Fresta from Japan have opened their stores on Tmall and E-Mart from Korea is also planning its store opening. Countdown's Tmall store Operating 160+ stores in New Zealand, Countdown is part of Woolworths and this is their first attempt to break into the Chinese...
05 February 2015
After Amazon trialled drone delivery, Alibaba in China also started a trial on drone delivery in a three day pilot program from February 4th to 6th. According to Alibaba's official account on Weibo, the test is on a small scale - only 450 Taobao shoppers in Beijing, Shanghai and Guangzhou will receive the delivery of the specific product, ginger tea by drone. These shoppers should expect the prod...
02 February 2015
Alibaba Group achieved 47% growth in GMV in 2014, announced by the group in its financial results for the quarter ended December 31, 2014. Half of China's internet users are active Alibaba buyers Jonathan Lu, chief executive officer of Alibaba Group, said "Annual active buyers increased to 334 million in 2014, an increase of 45% year on year... and our results reflect the strength of our ec...