Alibaba Group news

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...
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. The initiative, according to Alibaba, provides companies with a “holistic one-stop solution to accelerate their digital transformation” . The A100 programme will also help to transform Alibaba into an integrated technology provider for companies around the world. Powered by the Alibaba Operating System… The program...
10 December 2018
China-based Alibaba has signed an agreement with the Belgium government to create an ecommerce trade hub. The agreement is part of Alibaba’s Electronic World Trade Platform (eWTP), of which Belgium is the first European country to join. Logistics division Cainiao to invest €75m… Alibaba’s logistics division, Cainiao, will initially invest €75m (US$85m) in the project, which will commence in...
30 November 2018
El Corte Inglés and Alibaba to collaborate on retail, distribution, cloud computing services, digital initiatives and mobile payment solutions. El Corte Inglés has a strategic focus on digitalisation and upgraded its online offer in 2018 . A global, digital agreement The main aim of the agreement is to enhance both companies’ omnichannel offers, improving links between online and offli...
29 October 2018
Alibaba's upcoming shopping event is set to be the largest ever in terms of scale and reach. Multi-country and multi-platform To mark the event’s 10 th anniversary, Alibaba is bringing the event to international shoppers via its multiple platforms, including Tmall World, AliExpress and Lazada. Lazada, a Singapore based ecommerce site, will host the festival for the first time across six...
25 September 2018
Alibaba’s Alipay is the world’s largest mobile and online payment platform which comprises 520 million users. After launching Alipay in South Africa in July 2018 , Alibaba has announced plans to further expand its presence in the region. Alibaba could help enhance financial inclusion… A partnership between the United Nations Economic Commission for Africa, the International Financial C...
12 September 2018
Chinese ecommerce retailer Alibaba has agreed to take a 10% stake in one of Russia’s biggest tech players, to boost its development in Russia. Alibaba will own 48% of AliExpress Russia Alibaba will own 48% of AliExpress Russia as a result of the deal signed with Russian Direct Investment Fund (RDIF), mobile operator Megafon and internet group Mail.ru. The three Russian companies will have a...