Alibaba Group news

19 January 2021
In a store opening race post-COVID, Alibaba opened 21 new Freshippo stores and JD.com 14 SEVEN FRESH outlets in just one month.  Alibaba opens 21 new stores in 13 cities in December The 21 new stores include 19 Freshippo supermarkets and two Freshippo Mini. “ The store opening in December is the fastest in our company’s history ,” said a Freshippo official. Every crisis brings opportunit...
08 January 2021
We review major events that took place in China's grocery retail industry in the past year. 1. Flourishing of community stores Community store is the next big thing in China. It is estimated that 30% - 40% of the urban consumption expenditure is within 1 km of the community in China. It is an area that big format stores and online players find very hard to reach. The pandemic has acce...
15 December 2020
The retailer unveils two innovative store concepts, Freshippo Bakery and Freshippo Cross-Border Go, within the same week in Shanghai. 100+ different types of products, baked daily on site Opened on 8 December, it is the first Freshippo Bakery store in the country. Located in Ordos International Building, the store’s gold and pink exterior design is eye-catching and hard to miss. The stor...
30 November 2020
Speaking at a forum in Shanghai last week, Alibaba Group Chairman and CEO Daniel Zhang, shared the new consumer behavior and trends seen during this year’s 11.11 Global Shopping Festival . Mature consumers: sharp rise in numbers and big spenders The number of mature consumers, defined as Baby Boomer generation (born between 1946 and 1964) and Gen Xers (born between 1965 and 1980), ha...
17 November 2020
The country’s major internet companies, such as Alibaba, JD.com and Meituan, are likely to be hit by the rules. Rules to prevent tech monopolies China’s State Administration for Market Regulation (SAMR) issued a draft of new anti-monopoly rules on 10 November. The goal is to prevent monopolistic behavior, such as: Hosting companies restricting brands from selling on multiple platforms...
12 November 2020
Alibaba is celebrating its twelveth 11.11. Singles Day. We have been tracking its latest news and development. Its first sales window from 1-3 November has registered record sales. We wrap up the event with a highlight of major brand activites that contributed to this year's success. Summary and key highlights: Total GMV recorded over the event including the presales period is CNY498.2...
06 November 2020
We round up the latest developments leading to the 11.11, the largest online Global Shopping Festival. Highlights from 1 - 3 November The first parcel was delivered within 11 minutes to a customer in Wuhou District in Chengdu 100 brands topped gross merchandise volume of CNY100m in 111 minutes after sales officially began. They include Nike, Adidas, Apple, L’Oréal, Estée Lauder, Xiaom...
06 November 2020
A global strategic partnership between Alibaba, Richemont and Farfetch will provide brands improved access to China’s luxury market. Partnerships expanding the ecosystem Farfetch will launch on Alibaba Group’s Luxury Platforms in China, e.g. Alibaba’s Tmall Luxury Pavilion and Luxury Soho platforms as well as cross-border marketplace Tmall Global. Alibaba and Richemont will invest US$500m i...
06 November 2020
Alibaba Group has released its Q2 results for the three months ending 30th September. Revenue increased 30% to CNY155.1bn (US$22.8bn) YoY. Growth slowing, but still relatively strong   The number of annual active customers on Alibaba’s China retail marketplaces increased by 15m to reach 757m. Mobile MAU’s reached 881m at the end of September. Ahead of the retailer's 12th annual shopping eve...
04 November 2020
The world’s largest annual online shopping festival that culminates on 11.11 has begun.  More than 250,000 brands will participate. We share some of the key things to expect this year. Presales activity to build brand and drive engagement This year’s 11.11 kicked off on 19 th October. To warm up for 20.11.11 presales, Tmall kicked off an online-to-offline fashion event spanning 48 hours. T...