All Alibaba articles – Page 2
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News briefsAlibaba cracks mark of 1 billion Chinese consumers
For the last fiscal year, Alibaba reported a record 8,317 billion yuan renminbi (€1,160 billion) in global gross merchandise value. However, revenue in the quarter ended March 31, 2022, climbed only 9 percent year-on-year to RMB 204.1 billion (€28.5 billion). This is the slowest growth ever, which the company attributes ...
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News briefs
Alibaba to conquer Europe with digital marketing agency POD Studios
Alibaba has tapped POD Studios as its new paid digital marketing agency. The goal of the e-commerce marketplace is to grow in Europe with POD’s digital expertise in the B2B and B2C sectors. For this purpose, campaigns are to be developed for the most important digital platforms and then executed ...
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News briefsAlibaba'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
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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News briefs
Alibaba enjoys record Singles Day, but its market cap drops
This year’s Singles Day raked in a gross merchandise volume (GMV) of 498.2 billion yuan (€63.67bn-$75.19bn) for Alibaba up sharply from the RMB 268.4 billion reported a year ago. The rival Chinese e-tailer Jd.com had sales of about ¥271.5 billion (€34.71bn-$40.99bn). Lasting 11 days this year, Alibaba’s Chinese sales festival ...
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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 ...
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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). The ...
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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 about 72 percent. ...
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ArticleAnt 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 ...
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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 its ...
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News briefs
Alibaba to expand its cloud
According to Reuters, Alibaba Group Holding will be investing 200 billion yuan (€26.1bn-$28.3bn) over three years to bolster its data center and develop semiconductors and operating systems for its cloud-computing infrastructure. The Covid-19 pandemic has spurred demand for business software in China, and high data volumes occasioned by quarantines have ...
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ArticleDecathlon 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.
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Short stops
Alibaba Group has announced a new partnership with Manchester United...
Alibaba Group has announced a new partnership with Manchester United that will give the Chinese e-commerce giant exclusive rights to share club contents in China across the group's platforms
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Article
New records for Alibaba’s Singles Day
The gross merchandise value (GMV) generated by Alibaba’s 11th Singles Day hit a record of 268.4 billion yuan renmimbi (€34.7bn-$38.3bn), eclipsing last year’s score by 26 percent, thanks in part to a longer pre-sales period, a larger assortment of discounted products, the extension of the festival to new markets outside ...
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News briefs
Through AliExpress, Alibaba is inviting Spain's retailers to partner with...
Through AliExpress, Alibaba is inviting Spain's retailers to partner with it to fend off the threat of Amazon. Spain is Alibaba's third-largest market worldwide, after China and Russia. About a year ago, several large retailers in the country signed on to become pick-up points for purchases made on Alibaba's portal. ...
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News briefs
The Alibaba Group's charismatic founder and chairman, Jack Ma, has...
The Alibaba Group's charismatic founder and chairman, Jack Ma, has retired at the age of 55. Ma, who founded the Chinese online giant 20 years ago, plans to spend more time on philanthropy and education, and with his family. Daniel Zhang, the company's chief executive, will take over the chairman's ...
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Article
Alibaba pulls a strong quarter despite the ongoing trade war
Supported by growth in e-commerce and cloud computing, Alibaba Group Holding's revenues for its first fiscal quarter ended on June 30 topped analysts' expectations. This came despite the difficult trade environment caused by the ongoing U.S.-China dispute, as well as an increasingly competitive e-commerce industry.The Chinese e-tailer's sales increased by ...
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Article
China slowdown weighs on Alibaba’s sales
Alibaba Group Holding's revenues for its third fiscal quarter, ended on Dec. 31, grew at their weakest pace in four years, weighed by a slowing Chinese economy, which is being attributed to the ongoing trade war with the U.S.The Chinese e-tailer's sales increased by 41 percent from the year-ago quarter ...
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News briefs
The International Olympic Committee (IOC) and Alibaba Group have announced...
The International Olympic Committee (IOC) and Alibaba Group have announced the launch of the first-ever Olympic store on Tmall, China's largest business-to-consumer online retail platform, operated by Alibaba. The Olympic e-store will be initially available to Chinese consumers only, with plans to later create an e-commerce platform available globally. The ...
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