Alibaba Group news

Alibaba has launched a 10-Yuan online discount store that targets China's bargain hunters who are seeking daily necessities. Great deal for low-income customers On 25 March 2022, Alibaba launched the first 10-Yuan discount store on its online marketplace Taobao Deals. Each product is only priced at RMB 10 (USD 1.57), which is relatively affordable to most shoppers in China’s lower-tier citi...

Alibaba is considering raising funds for its grocery chain Freshippo that could see the creation of a seperate business. New investment to accelerate its push into grocery retail In an article by Bloomberg earlier this month, it says that Alibaba is pulling together a list of strategic investors to raise funds that would accelerate the development its Freshippo business. Although Alibaba wi...

The retail has announced organizational changes and leadership appointments on 6th December to better drive synergies across its consumer and wholesale commerce platforms both in China and globally. Toby Xu to succeed Maggie Wu as CFO Toby Xu, Deputy Chief Financial Officer, will succeed Maggie Wu as the company’s Chief Financial Officer, effective 1 April 2022, part of the group’s leadersh...

Alibaba Group announced financial results for the quarter ended 30 September, 2021. Total revenue is up by +29% year-on-year, but its CMR (customer Management revenue) up by just 3%YoY. Revenue up by 29%YoY, on track of serving 2 bn consumers globally Revenue  was CNY200.69 bn (US$31.15 bn), an increase of 29%YoY. Excluding  Sun Art , total revenue would have grown 16% YoY to CNY180.44 ...

The 11-day sale has wrapped up, with both Alibaba and JD.com setting new records for the annual shopping festival. Final results (24:00 Beijing time, 11 November) Alibaba: CNY540.3 bn (US$84.5 bn) in gross merchandise volume, an increase of 8.5% YoY (year-on-year). The slow growth is partially due to last year's high base JD.com: a total transaction volume of CNY349.1 bn (US$54.7 bn)...

The ecommerce player’s logistics arm, Cainiao, has installed thousands of package lockers globally, especially in Russia, Poland, Spain and France. Ranks among the top three ecommerce platforms in eastern Europe Alibaba ranks among the top three online sellers of consumer goods in eastern Europe, according to Euromonitor International. Polish online shopping site, Allegro, took first place ...

Alibaba-owned ecommerce platform, Lazada, has partnered with Grab, Southeast Asian super app to provide sellers with same-day delivery services in Singapore via GrabExpress. Faster delivery Over 50 Lazada sellers are onboard to offer instant delivery via GrabExpress as part of the launch trial. This includes Shine Korea grocery, JBL electronics and Aroma Truffle food products. GrabExpress c...

Cross-border ecommerce (CBEC) brings exciting opportunities to brands and retailers around the world, as ecommerce spending in foreign countries is on the rise. CBEC is here to stay as a mainstream online channel and needs to be part of your ecommerce strategy. Costco and ALDI opened CBEC stores on Alibaba’s Tmall Global before launching physical stores in China. This article gives a high-level o...

RedMart, operated by Lazada, has been operating in Singapore for 10 years. It recently unveiled its 350,000 sq ft West Fulfilment Centre, built at an estimated cost of SGD74m (US$55m). State-of-the- art systems Source: RedMart There are two advanced automated systems that will strengthen operations and allow for future growth, Goods To Person Picking (GTP) and Pick To Light (PTL). G...

The 13th annual 11.11 Global Shopping Festival is underway. It kicked off with pre-sales at 8pm on Wednesday 20 October. The entire event will last for 23 days to 11 November. This year’s festival will mark a new chapter for the event. Here is why. The largest Festival to date This year marks the largest Festival to date, with a record 290,000 brands participating, including more than 200 l...