All Alibaba articles

  • News briefs

    An inspiring alliance for China’s online luxury goods market


    Wouldn’t it be great if someone would set up a truly international e-commerce platform specifically focused on the sale of sports products? The highly concentrated luxury goods sector, which is about just as big as the sporting goods sector on a global basis, already has one, called Farfetch . We ...

  • Article

    Alibaba grows by 30%, misses Ant Group’s IPO


    Confirming a recovery from the first wave of the Covid-19 pandemic in China, the Alibaba Group reported a 30 percent increase in overall revenues to 155.1 billion yuan renminbi (€19.9bn-$23.5bn) in the third quarter, leading to a rise of 28 percent in adjusted Ebitda to RMB 47.5 billion ($6.1bn-$7.2bn). ...

  • News briefs

    Alibaba takes control of Auchan's Chinese grocery chain


    Alibaba Group Holding is investing about $3.6 billion in the Sun Art Retail Group , which operates hypermarkets and supermarkets in China. Sun Art’s current chief executive, Peter Huang , will be taking on the additional post of chairman. The deal will raise Alibaba’s stake in Sun Art to ...

  • Ant

    Ant Group debuts cross-border trade platform


    The Ant Group , a Chinese fintech company that belongs to the Alibaba Group , has aunched an international trade and financial services platform powered by its blockchain-based technology solution, the AntChain, to facilitate cross-border sales of products and services by small and medium-sized enterprises (SMEs) and to reduce ...

  • News briefs

    Alibaba anticipates a slowdown in sales this year


    Alibaba , the Chinese e-commerce giant, expects revenues to rise by about 27.5 percent to over 650,000 million yuan renminbi (€83,725.8m-$91,168.5m) in the current fiscal year after its top line rose by 35 percent to RMB 509,711 million (€65,647.3m-$71,487.9m) in the fiscal year ended on March 31. The company achieved ...

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    Decathlon relies on Alibaba for online sales in Russia


    Decathlon has begun to sell its products online in the country through the Tmall marketplace of AliExpress Russia , instead of using its own internet platform as in other countries.