All Alibaba Group articles – Page 2
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News briefs
Alibaba Group upsizes share repurchase, appoints new independent director to board
The Alibaba Group Holding’s board has authorized to upsize its share repurchase program to US$25 billion from US$15 billion, in a sign of confidence about the company’s continued growth in the future. The Share Repurchase Program will be effective for a two-year period through March 2024. As of March 18, ...
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Article
AliExpress sees global growth in demand for ski equipment thanks to Beijing Games
Retail News Asia has released new sales data from AliExpress, the online retail platform founded in 2010 and part of the Alibaba Group that enables small businesses in China and other countries to offer international products to online shoppers. The data shows growing demand for winter sports products, which AliExpress ...
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News briefs
Alibaba's virtual influencer for the Olympics
Her name is “Dong Dong,” which means winter, and her mission is to engage with the fans of the Olympic Games in Beijing. That is what the official Olympic partner Alibaba Group said when presenting its new virtual influencer. Source: Alibaba Group Dong Dong is meant to ...
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News briefs
The Olympics are beneficial for Alibaba
Chinese people like to use the days around Chinese New Year to do some shopping. According to the technology company Alibaba, the most popular shopping products this year include items related to the Olympic Games, skiing and ice sports. During the the New Year’s holidays (Jan. 31 ...
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News briefs
Alibaba settles with Chinese anti-trust authorities
The Alibaba Group has agreed to make it easier for merchants to do business with it, without preventing them from using other platforms, as part of a series of ”comprehensive rectifications” demanded by Chinese anti-trust regulators, which charged it of abusing its dominant market position. It will nevertheless have to ...
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News briefs
AliExpress rewards consumers for Le Club Paris 2024 challenges
Until the Paris 2024 Olympic and Paralympic Games, Le Club Paris 2024 is offering its own members the opportunity to participate in fun challenges and to earn points that enable them to enter prize draws and enjoy exclusive rewards - such as participating in special experiences with Olympic and Paralympic ...
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News briefs
An anti-trust probe against Alibaba
The Chinese government’s State Administration for Market Regulation (SAMR) has launched an anti-trust investigation against the Alibaba Group to verify charges that its marketplaces require merchants to sign exclusive agreements that prevent them from offering products on other internet platforms. At the same time, the People’s Bank of China, which ...
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