Alibaba Group news

11 September 2019
One of the world’s largest ecommerce websites, Taobao, opened its first physical store in Southeast Asia this week. A decision driven by demand The store is located at Funan mall in Singapore. It is a partnership between Taobao and Virmall, a local distributor.   Known as “ Taobao Store by Virmall ”, there are about 300 products on display that are “ specially curated for Singapore Shopp...
06 September 2019
Alibaba has confirmed it will acquire NetEase’s cross-border ecommerce platform Kaola for about US$2bn. Platforms to operate independently Alvin Liu, Tmall’s import and export GM, will serve as Kaola’s new CEO. Alibaba says it plans for Kaola to continue to operate independently under its current brand, but the deal means it will no longer compete as a rival to Tmall Global. Maximising c...
29 August 2019
Alibaba has opened its first bricks-and-mortar AliExpress store in Europe. AliExpress opens in Madrid Alibaba has opened a 740 sq m store in one of the largest shopping malls in Europe, Madrid Xanadu, Spain, under the AliExpress Plaza banner. It carries around 1,000 products from over 60 brands. The product range mainly covers electronics, but includes Chinese, multinational and local brand...
20 August 2019
Chinese online retailer JD.com is reportedly in talks with bankers for US IPO in May next year. Talks still in early stage The company, a joint venture that is 48% owned by JD.com and 10% by Walmart, is seeking to raise around US$500m in an IPO. The talks are still in early stages, and the timing of the stock marketing offering, and the actual amount could change. The joint venture sec...
14 August 2019
Alibaba is reportedly in talks with NetEast to acquire its cross-border ecommerce platform  Kaola . Ecommerce landscape consolidating While neither Alibaba nor Kaola have commented on the potential deal, Sina Finance reports Alibaba could pay as much as US$2bn for the takeover. Alibaba could merge Kaola with Tmall Global, sharing logistics and expertise to drive growth. For the longer term,...
25 July 2019
Chinese ecommerce giant has opened its doors to US small and medium-sized enterprises (SMEs) on its platform, Alibaba.com. Helping US SMEs access global ecommerce market The business-to-business (B2B) platform is traditionally China focused, with more than 95% of sellers from China. This move enables the 30 million SMEs in the US to have better access to the global ecommerce market, which...
04 July 2019
Alibaba continues to expand its presence in bricks and mortar in China, with plans to reach at least 2,000 stores across the market by 2022.  Accelerating expansion and coverage Alibaba currently operates 160 Freshippo stores in 21 cities. It hopes to cover 200 cities by 2030, targeting cities with populations in excess of one million. The first store opened in Shanghai back in January 2016...
20 June 2019
JD.com and Alibaba reported record breaking results for the 18-day campaign, with sales value up by +26%YoY. The festival has evolved to be a major midyear ecommerce event 6.18 shopping festival, created by JD.com, now joined by Alibaba, has become a midyear event that can match the scale of the 11.11 global shopping festival. The total sales transaction reached a new high this year of U...
19 June 2019
High profile CFO Maggie Wu takes on new role in strategic investments. An organisational upgrade Wu will take over from Executive Vice Chairman Joe Tsai and oversee the firm’s strategic acquisition and investments unit, as part of a business and management reshuffle at the ecommerce giant. Joe Tsai will support Wu in her expanded role. “ To guarantee innovation, invest in our future, Ali...
10 June 2019
Joint ventures and partnerships by some of Russia’s leading ecommerce retailers is evolving the channel’s service levels. Alibaba and Yandex are forming partnerships with various companies to develop their online shopping offer and improve their services. Such a move is encouraging competing ecommerce retailers in Russia, such as Ozone, to enhance theirs too. Alibaba signs strategic partners...