Alibaba Group news

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...
17 January 2013
China is home to the world's largest internet-using population. Whilst e-commerce currently accounts for around 4.3% of total sales, it is an area highlighted for stratospheric growth. We look ahead at how this will shape the grocery retailing landscape in China in our special analysis - China's e-commerce explosion. 2013: China online news round-up Following last November's record-breaking S...