Alibaba Group news

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....
15 February 2019
Ant Financial, an Alibaba subsidiary and the operator of AliPay, is acquiring a UK based money transfer company WorldFirst for more than £500m (US$640m). Global expansion This deal marks Ant's biggest Western expansion, boosting its global presence significantly. It would help Ant and AliPay to increase its  customer base globally to enhance cross-border money transfer capabilities of Alipa...
31 January 2019
Alibaba Group Holding Limited announced its financial results for the quarter ended 31 st December 2018. Growth driven by technology The company had another strong quarter. In the press release, Daniel Zhang, CEO of Alibaba, commented that “ Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving our growing base of nearly 700 mill...
31 January 2019
RedMart, an online grocery platform, was acquired by Lazada in 2016, but kept it as a separate business until now. It will be integrated into Lazada’s platform in March, allowing shoppers to buy both groceries and other products on Lazada in the same location. Shoppers will need to download Lazada app RedMart shoppers can continue using the existing app until 11:59pm on 14 th March, before...
24 January 2019
The ecommerce giant is launching a new technology that enables the blind and sight-impaired shop online. “Smart Touch” technology Smart Touch is a piece of silicone film that sticks to smartphone screens. The film has three textured touchscreen buttons that users can feel along the edges of the screen for commands such as “go back,”, “return to homepage” and “confirm”. The commands can be t...
21 January 2019
Colgate-Palmolive joins L’Oréal and P&G to make use of the ecommerce giant’s big data for better and quicker product development, whilst mitigating risks at the same time. Colgate: the era of ‘Made for China’ Alibaba Group has teamed with Colgate-Palmolive to launch a new toothpaste aimed at male consumers. The use of big data reduced the development process from the normal 18 months down t...
15 January 2019
China-based Alibaba has launched ‘A100’, a strategic partnership programme.  Transformation into technology provider This initiative, according to Alibaba, provides companies with a  “holistic one-stop solution to accelerate their digital transformation” . The programme will help transform Alibaba into an integrated technology provider for companies around the world. The programme is pow...