Alibaba Group news

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...

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...

New research launched by IGD in association with The Consumer Goods Forum looks at how digital technologies are revolutionising the way the food and consumer goods industry operates. The report looks at how companies can respond to these change and how businesses will use digital technology to become more relevant. It explores three digital retail models of the future and sets out predictions ...

Germany’s Metro has shortlisted eight companies for its China business, a deal valued at between US$1.5bn and US$2bn as previously reported . Top retailers among the bidders Reuters news agency, citing multiple sources who cannot be named due to the confidential nature of the sale process, reports the following are joining the bid: Alibaba, in partnership with Taiwanese retailer ...

CR Vanguard is extending its partnership with Alibaba-owned delivery service Ele.me to drive online growth.   Partnership to cover other banners An earlier partnership between CR Vanguard’s Suguo and Ele.me saw the supermarket’s online transactions grow more than 60% in the last three months. Orders from third and fourth-tier cities increased by 80%. The new partnership will extend to ...

Alibaba Group announced financial results for the quarter ended 31 st  March 2019. Strong performance with growing user base The group reported strong performance for the quarter. Daniel Zhang, Chief Executive Officer of Alibaba Group commented that “ Alibaba is becoming synonymous with everyday consumption in China, growing our base to 654 million annual active consumers and extending our ...

Alibaba and Bailian Group are planning to open 500 Ego convenience stores in China this year. New Retail convenience stores The first store, which has opened in Shanghai, operates around 500 sq m and has six key areas: coffee, bakery, foodservice, fresh, grocery retail and leisure/dining. About two-thirds of the store area is dedicated to fresh or foodservice, including coffee, bakery an...

As Amazon rebrands Souq to its own name, UAE-based LuLu continues its expansion in the region and AliExpress prepares to launch Ramadam sale, we round up news from the region. Amazon rebrands Souq Almost two years after acquiring Souq.com Amazon has rebranded the site under its own name. Visitors to Souq, except those from Egypt and Saudi Arabia, are being redirected to the Amazon.ae si...

The Japan External Trade Organisation is offering small to medium-sized domestic retailers free access to global ecommerce platforms to help them sell products in 18 markets abroad. Supporting smaller retailers grow online The initiative is expected to increase trade for local businesses, maximising the global popularity of Japanese products around the world. Twenty four ecommerce operators...

As AliExpress and LuLu launch new promotions, competition rises online and in grocery retailing more widely in the UAE we round up news from the region. AliExpress celebrates anniversary in Saudi Arabia… To mark its ninth year of operation in the country, AliExpress is set to launch an anniversary sale that will enable shoppers to enjoy discounts of up to 50% across a range of 100m products...