Alibaba Group news

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...
16 October 2018
Alibaba merges its two food delivery services to create a new on-demand local lifestyle and services company. Merge of Ele.me and Koubei The new company was created from the merger of Ele.me and Koubei. The Ele.me business is a food delivery service that has a fleet of 667,000 drivers. Koubei is a food review platform with an average of 167m active monthly users. The new entity, ‘Ali Local ...
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...
20 September 2018
At its 2018 investor day, Alibaba stated its offline Hema stores are key to its strategy. Hema outperform traditional stores by five times Alibaba currently has 64 of its high-tech Hema supermarkets in 14 Chinese cities, with 10 million active shoppers per year. Hema specialise in fresh foods, with in-store foodservice and dining areas for shoppers to enjoy the freshest foods while shoppi...
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...
10 September 2018
Jack Ma will hand over leadership to current Group CEO Daniel Zhang.   Retirement to start next year The co-founder and executive chairman of Alibaba, Jack Ma, has announced his retirement exactly a year from today. He is leaving to focus his time on developing education and philanthropy through the Jack Ma Foundation. Though Ma will hand over the reins to Zhang on 10 September 2019, he ...
24 August 2018
Alibaba has reported a total revenue of RMB 80.9bn (US$12.2bn), up 61% from the same quarter last year. The growth is mainly driven by its core ecommerce business and fast-growing cloud division. Core ecommerce business Alibaba's core ecommerce business, mainly Tmall and Taobao, is still the company's biggest unit, accounting for around 86 percent of revenues. Core ecommerce revenues were r...
24 August 2018
Alibaba has reported a total revenue of RMB80.9bn (US$12.2bn), up 61% from the same quarter last year. The growth is mainly driven by its core ecommerce business and fast-growing cloud division. Core ecommerce business Alibaba's core ecommerce business, mainly Tmall and Taobao, is still the company's biggest unit, accounting for around 86 percent of revenues. Core ecommerce revenues were re...
20 August 2018
Another giant ecommerce player may enter Indian market. Investment of at least US$5 bn from Alibaba Talks have begun between Alibaba and Reliance Retail about the possibility of creating a mega retail joint venture. Jack Ma, Alibaba’s executive chairman and Mukesh Ambani, Reliance Industries Ltd. chairman met recently to discuss plans to create an omnichannel retail entity. If it proceed...
14 August 2018
The shortlist has been unveiled for the IGD Awards 2018, the annual event celebrating the best of the food and grocery industry. Celebrating nearly three decades, over 540 winners, 10,000 entries, 3,400 hours of judging, 15,000 attendees and 1,800 judges, the awards ceremony is a historic event that will take place in London on 2nd October, where more than 600 senior executives will gather t...