Alibaba Group news

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...
18 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 ...
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...