Alibaba Group news

Alibaba has announced its Q3 results for the three months ending 31 December 2019. Revenue increased by +38%YoY to CNY161bn (US$23bn). Growth driven by core commerce and cloud computing " Alibaba Group experienced robust growth across our business this past quarter ," said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. Top line figures are: Total revenue up +38% ...

Alibaba has unveiled measures to help small and medium-sized enterprises in China affected by the coronavirus outbreak. 20 measures across six major areas Reduced or waived platform fees Low-interest and interest-free loans Subsidised delivery personnel and increased logistics efficiency Creation of flexible job openings Tools for accelerating digitization Remote work mana...

Chinese e-commerce players Alibaba and JD have launched logistics solutions for the medical workforce that combats the coronavirus epidemic in China. Technology at the service of medical staff On the one hand, Alibaba has introduced a global B2B sourcing platform that connects the medical frontline staff to medical goods suppliers. The goods purchased on this platform will be delivered to h...

With people significantly reduce the time spent outdoors, online grocery sales are soaring in China. Retailers saw explosion of online orders With Chinese nationals being advised to stay at home during Chinese New Year holiday amid the ongoing coronavirus epidemic, demand for fresh food and household items has soared. Walmart’s delivery business, JD Daojia, reported a five-fold increase ...

The Chinese State Council has identified another 24 cities for large scale cross-border ecommerce, as ecommerce trade between China and other nations is growing rapidly. Favourable policy to support growth These 24 new cities include Shijiazhuang in Hebei province, Fuzhou in Fujian province, and Yantai in Shandong province. In addition to the 35 that have previously been established, cross-...

The ecommerce giant integrates its local service platforms, Koubei and Ele.me, with its group-buying platform Juhuasuan. Brings digitally upgraded local services to Juhuasan Part of the life-style services offered on local services platform Koubei and Ele.me, including Pizza Hut, McDonald’s, KFC, and other services like photo shooting and body care, are now available on Juhuasan, a group bu...

Bon Preu has invested €10m in its online channel, expanding its home delivery to more regions. Mercadona is leading the Spanish market in ‘ready to eat’ meals. Separately, AliExpress has partnered with Nomo to offer Spanish freelancers and Nomo users access to business tools and financial services. Meanwhile, Alcampo CEO retires and is replaced by Américo Ribeiro, CEO of Auchan Italia. Bon Pre...

Alibaba-owned AliExpress has launched its second physical store in Barcelona. Eroski has partnered with Agroganadera de Álava Union to promote local agricultural products. Meanwhile, Consum launches a new supermarket model, which focuses on forming a sustainable environment. Separately, HD Covalco announces a positive turnover and a new cash and carry store opening. AliExpress opens second phy...

AliExpress has opened its first physical store in Barcelona, the second of Spain and Europe. Testing products and operations   The new store is located at the Finestrelles Shopping Center in Esplugues de Llobregat, Barcelona, expanding the retailer’s scope to test products and operations. Paris, France a potential destination next Yang Ning, AliExpress France’s Director, said, “We ...

As Majid Al Futtaim adds hydroponic farms, LuLu opens new stores and AliExpress adds new services, we round up news from the region. Carrefour opens hydroponic farm in Abu Dhabi Majid Al Futtaim (MAF) owned Carrefour has opened two hydroponic farms at stores in My City Centre Masdar and Yas Mall. MAF said the hydroponic farms enable shoppers to buy from a select range of herbs and microgree...