Alibaba Group news

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...
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...
14 December 2018
Indonesia’s largest online marketplace receives additional funds from Alibaba. Funds used to extend its presence in the country In its latest funding round, Indonesia’s online marketplace Tokopedia has successfully secured US$1.1bn from Alibaba Group Holding Ltd. as well as SoftBank Group Corp. Recently, Tokopedia has been venturing into financial products such as digital wallets and vir...
13 December 2018
Alibaba’s Southeast Asia ecommerce business, Lazada, has reshuffled its leadership. New CEO as part of succession plan Lazada Group appointed Pierre Poignant as its new chief executive chairman this week as part of its succession planning. Poignant will succeed Lucy Peng, one of the 18 founders of Alibaba, with immediate effect. Peng will remain as executive chairwoman. Second CEO change...
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...
19 November 2018
The ecommerce giant is to have 100 Hema stores in China by December 2018. Nine more stores Hema CEO Hou Yi said the group plans to open nine more stores by 12 th December. The focus is on expansion in Tier 1 and Tier 2 cities in China, including Shanghai, Beijing, Ningbo, Shenzhen, Hangzhou and Guiyang. Currently, it operates 91 stores. Technology-driven concept According to Alibaba,...
05 November 2018
Alibaba Group has released its Q2 results for the three months ending in September. Revenue increased 54% to CNY85.1bn (US$12.3bn) for the same comparable period last year. Strong momentum into Singles' Day Alibaba has posted an impressive set of Q2 results. Net income attributable to shareholders increased 13% to CNY20bn (US$2.9bn) YoY. While the number of annual active customers increased...
30 October 2018
We look at how Auchan is expanding its channel presence in Vietnam. Auchan expands partnership with Alibaba Auchan and Alibaba have extended their partnership to Vietnam and announced plans to develop the “phygital food business” in the country. The retailer stated,  "The partnership between these two companies aims to offer Vietnamese consumers a customer experience that combines the best ...
29 October 2018
The online giant’s upcoming mega shopping event will be the largest ever in terms of scale and reach this year. 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 Tamll World, AliExpress and Lazada this year. Lazada, a Singapore based ecommerce site, will host the festival ...