Alibaba Group news

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...
05 June 2019
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 ...
16 May 2019
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 ...
10 May 2019
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...
02 May 2019
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...
29 March 2019
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...
27 March 2019
As an important move to capitalise on China’s massive tourism market and offer Chinese travellers a holistic travel experience, Alibaba is launching a new shopping platform called Fliggy Buy. An innovative new service The service allows Chinese travellers to choose from a range of products, including cosmetics, suitcases, bags and alcohol, prior to their international travel. They can then ...
25 March 2019
Alibaba has outlined two initiatives to bring US$200bn worth of international products into China over the next five years. Offering new opportunities for suppliers from around the world One of Alibaba's core missions is to make it easy to do business anywhere. In China, it looks to help different businesses enter the market and trade successfully. One route to market for suppliers is Tmall...
13 March 2019
As South Africa-based Pick n Pay launches a new campaign, its operations in Namibia add an ecommerce solution and companies in Kenya and Nigeria add new digital capabilities, we round up news from the region. Pick n Pay spotlights small suppliers in South Africa Pick n Pay has launched an initiative to put the spotlight on small suppliers in its home market. The campaign, called ‘Meet the M...
06 March 2019
China’s major hypermarket operator Sun Art Retail Group Ltd, set up by Auchan and Ruentex and backed up by Alibaba, reported a 7.3% fall in 2018 profit. Missing market expectations The retailer reported its net profit fell to RMB2.59bn (US$386m) from RMB2.79bn (US$386m). This was below the expected RMB2.70bn. Turnover fell by 2.9% to RMB99.36 bn and same-store sales fell 1.72% year-on-year....