Alibaba Group news

15 October 2014
Costco has opened its flagship store on Alibaba's Tmall online marketplace. The store now carries mainly imported food and healthcare goods including its Kirkland Signature private label. It's driving traffic by ensuring quality of its all imported products and offering discounts and free delivery for some items. Testing new ecommerce models Entrance to China's ecommerce market is part of Cos...
19 September 2014
Chinese e-commerce giant Alibaba Group would be valued at USD 168bn, larger than Amazon, but smaller than Walmart, at the initial public offering (IPO) price of USD 68  per share. The total funds raised will reach USD 25bn, setting a record-breaking IPO in U.S. history. Alibaba's business Alibaba's major platforms include Taobao.com, China's largest consumer-to-consumer ecommerce site, and ...
09 September 2014
Internet giant Alibaba, whose gross sales are bigger than eBay and Amazon combined, has kicked off its global roadshow ahead of its hotly awaited IPO launch. IPO to launch later this month China's biggest ecommerce company Alibaba has started its global IPO roadshow in New York, ahead of what is expected to be the biggest initial public offering (IPO) of all time. The Roadshow involves 100 ...
16 June 2014
We round up news from Alibaba as its ecommerce division expands both in China and globally. Expansion in the US China-based e-commerce giant Alibaba has launched a beta version of its first U.S. marketplace, 11main, an invite-only online marketplace that showcases small business retailers. 11 Main is a 'Tmall' style market place that features 'hundreds of thousands' of products from 1,000...
16 April 2014
Alibaba's profit in Q4 surged to US$1.36 bn, up 110% year-on-year. Alibaba's revenue in 2013 is reported to have surpassed USD 7bn The Chinese ecommerce giant pulled in USD 3.06bn in revenue in Q4 2013, which is up 66% year-on-year. Alibaba’s Q4 numbers were boosted by the popularity of China’s equivalent of Cyber Monday, which happens every November 11. On that day, Alibaba’s Tmall and Taobao...
04 April 2014
Walmart said it plans to open three Sam's Club in Shanghai, Wuhan and Changzhou in early 2015. In China it currently runs 10 Sam's club stores in eight cities. It has also closed three stores in China since March and is expected to close another two by the end of the month. The closures were part of the US retailer's restructuring plan in China revealed last year that 9% of its Chinese stores ...
17 March 2014
Chinese e-commerce giant Alibaba Group Holding Ltd. has announced its decision to begin the U.S. IPO process, putting months of speculation about whether it would go public in Hong Kong or the US to an end. Alibaba has an estimated value of at least USD140 bn, and the IPO is reportedly expected to raise as much as $15 billion. Alibaba aims to maintain a "partnership" structure that lets top exec...
18 February 2014
Now that the Chinese New Year celebrations are over, here is our review of retailer and shopper behaviour in China during the festive season. 1.  Slower growth Catering and retail sales during the seven-day holiday period (January 31-February 6) grew by 13.3% to RMB 610.7bn (USD 101bn), as released by the Ministry of Commerce. This is the slowest growth witnessed during China’s Spring Festiva...
07 November 2013
Chinese grocery retailer Lianhua prepares for the online-offline battle for shoppers as Singles Day approaches. Singles Day: a major date in the ecommerce diary Building momentum since 2009, the one day online sale celebrating the unofficial Chinese equivalent of Valentines Day has become a global ecommerce phenomenon. On 11th November last year, sales exceeded the US's post-Thanksgiving ...
29 July 2013
The e-commerce sector in China is booming and set to become the largest in the world. IGD's Head of Asia, Vicky Santini, updates on the key players dominating the market. The e-commerce sector in China is booming and set to become the largest in the world. It already has 214 million online shoppers, more than any other country. By 2015, it is predicated that those consumers will be spending $1,0...