Alibaba Group news

The country is seeing a wholesale store boom. Yonghui opened its first wholesale store in May 2021, it now has 45 such stores. Local retailers are rushing into the wholesale sector, encouraged by Yonghui’s good results Yonghui opened its first wholesale store in May 2021 by upgrading one of its Bravo YH supermarkets in Fuzhou. Within four months, it has upgraded 45 selected stores into wh...

WorldFirst, an international business payments provider, has formed a partnership with Alibaba.com, Alibaba’s B2B marketplace, to help UK-based small and medium-sized enterprises (SMEs) bolster their digital presence and expand their sales internationally. Help UK SMEs access Alibaba’s platform and services WorldFirst will help British sellers gain access to the 15 million buyers from over ...

Alibaba Group announced financial results for the quarter ended 30 June, 2021. Total revenue is up by +34% year-on-year (YoY), reaching CNY205.7 bn (US$31.9 bn). “ Alibaba started the new fiscal year by delivering a healthy quarter ” Revenue was CNY205 bn (US$32 bn), an increase of 34%YoY. Excluding Sun Art , total revenue would have grown 22% YoY to CNY187 bn (US$29 bn) Annual ac...

The retailer has launched a new store format in May, under the code name "NB Project". After two-month trial, it is now happy with the new format’s performance and ready to roll out. It is a self-pick-up model The new store banner is called Freshippo NB, where NB stands for Neighbourhood Business. The  orders are placed one day in advance via the Freshippo app for picking up after 8:00am th...

Alibaba Group’s high-tech grocery chain Freshippo has unveiled plans to launch a next-generation distribution centre in early 2022. Designed to supercharge Freshippo’s retail model Aside from the typical warehousing, packaging and delivery services, the new facility will come complete with indoor holding facilities for live seafood, cold-storage rooms, food-processing equipment and a centra...

China has concluded its mid-year ecommerce shopping festival, 6.18, the country’s second largest ecommerce shopping event, just second to Single’s Day (11.11). We have identified five key learnings from this year’s event, which are discussed below. 1. Overall sales +26.5%YoY, driven by buoyant consumer spending China data firm Syntun estimates that the GMV of this year’s 18-day event reache...

Pride month is observed across many markets in Asia, although it is not as huge as the celebration in Europe and the Americas.  COVID-19 restrictions have hindered plans to have physical gatherings for Pride month, but the pandemic has not stopped some retailers in Asia to launch virtual campaigns for this occasion. Philippines: Alibaba-owned Lazada recognises the LGBTQIA+ stigma  Man...

Following the launch of its first membership-only store in Shanghai last year, Alibaba has opened two more X stores this month. Using the Shanghai store as an example, we highlight several features that are unique to the banner. High-tech cross-border section The highlight of the store is its cross-border section, bringing a brand-new shopping experience to the customers. Its nicely deco...

Alibaba’s cross-border online marketplace Tmall Global has announced the launch of the UK and Ireland edition of ‘Go Global 11.11 Pitch Fest’, a virtual event designed to help international brands grow their businesses globally. Starts accepting applications from 8 June in the UK and Ireland Following the success of Pitch Fest 2020 in the U.S., the programme will be opened up to British and...

Alibaba has acquired a 5.5% stake in Masan Group’s The Crown X, which operates WinMart and WinMart+ (formerly known as VinMart). Crown X to partner with Alibaba Lazada With the partnership, the retailer will be able to build its digital capabilities and accelerate the offline to online market in Vietnam. It will also enable the company to establish Vietnam’s first tech-enabled ecosystem and...