Alibaba Group news

The Jack Ma and Alibaba foundations have stepped up their support for countries impacted by Coronavirus (COVID-19). Sending supplies across Asia During the week beginning 16 March, the foundations said they were preparing a joint donation of 2m masks, 150,000 test kits, 20,000 sets of protective gear and 20,000 face shields to Indonesia, Malaysia, the Philippines and Thailand. The founda...

Ant Financial Services, an affiliate of Alibaba, will start allowing third-party vendors to offer services that extend beyond financial on Alipay, e.g. food delivery, retail and healthcare. Transforming 40m service providers Alipay is opening up its platform to support the digital transformation of 40m service providers over the next three years across China. This will enable them to open m...

Since launching in 2016, new-retail inspired Freshippo has expanded to about 200 stores covering more than 20 cities. Adapting to local needs Alibaba has been refining its Freshippo store concept and now operates seven different store formats. These target different shopper missions: Freshippo (formerly Hema Fresh) blends online, offline and big data to transform the grocery shoppin...

To help brands minimize impact of coronavirus, Alibaba’s B2B marketplace Tmall is rolling out a series of measures. A support package designed to minimize the impact Tmall has implemented a series of measures to minimize impact of coronavirus to help brands selling on its marketplace. The package includes the following: Reduced fees:  merchant operation expenses, logistics costs and ...

Alibaba has announced its Q3 results for the three months ending 31 December 2019. Revenue increased by +38%YoY to CNY161bn (US$23bn). Growth driven by core commerce and cloud computing " Alibaba Group experienced robust growth across our business this past quarter ," said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. Top line figures are: Total revenue up +38% ...

Alibaba has unveiled measures to help small and medium-sized enterprises in China affected by the coronavirus outbreak. 20 measures across six major areas Reduced or waived platform fees Low-interest and interest-free loans Subsidised delivery personnel and increased logistics efficiency Creation of flexible job openings Tools for accelerating digitization Remote work mana...

Chinese e-commerce players Alibaba and JD have launched logistics solutions for the medical workforce that combats the coronavirus epidemic in China. Technology at the service of medical staff On the one hand, Alibaba has introduced a global B2B sourcing platform that connects the medical frontline staff to medical goods suppliers. The goods purchased on this platform will be delivered to h...

With people significantly reduce the time spent outdoors, online grocery sales are soaring in China. Retailers saw explosion of online orders With Chinese nationals being advised to stay at home during Chinese New Year holiday amid the ongoing coronavirus epidemic, demand for fresh food and household items has soared. Walmart’s delivery business, JD Daojia, reported a five-fold increase ...

The Chinese State Council has identified another 24 cities for large scale cross-border ecommerce, as ecommerce trade between China and other nations is growing rapidly. Favourable policy to support growth These 24 new cities include Shijiazhuang in Hebei province, Fuzhou in Fujian province, and Yantai in Shandong province. In addition to the 35 that have previously been established, cross-...

The ecommerce giant integrates its local service platforms, Koubei and Ele.me, with its group-buying platform Juhuasuan. Brings digitally upgraded local services to Juhuasan Part of the life-style services offered on local services platform Koubei and Ele.me, including Pizza Hut, McDonald’s, KFC, and other services like photo shooting and body care, are now available on Juhuasan, a group bu...