All Alibaba articles – Page 3
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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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Short stops
Alibaba is setting up an e-commerce trade hub in Belgium...
Alibaba is setting up an e-commerce trade hub in Belgium
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Article
Alibaba grows fast, earning less, and expands in Russia
Alibaba Group Holding continued to grow fast in the first fiscal quarter ended June 30, but its gross margin fell to 11.0 percent from 29.2 percent in the year-ago period, the lowest level since the leading Chinese e-commerce operator went public in 2014.Due also to extraordinary charges and high investments ...
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Article
Ispo plans to cooperate with Alibaba
The Alibaba Group and Ispo announced that they are exploring a joint strategic collaboration. As part of this initiative, the 4,000-plus clients of Ispo from all over the world would be given an opportunity to expand their e-commerce operations in China through Alibaba's big B2C marketplace, Tmall. They would benefit ...
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Article
Alibaba breaks new records
Alibaba hit a new record with its Singles Day shopping festival on Nov. 11, generating sales of $25.3 billion, 40 percent above the score reached a year ago. The event is a much bigger replica of the Black Friday and Cyber Monday promotions that are becoming common in the Western ...
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News briefs
Alibaba has announced it plans to invest RMB 100 billion,...
Alibaba has announced it plans to invest RMB 100 billion, the equivalent of around $15 billion, over the next three years in a new global research and development program called Alibaba DAMO Academy. The acronym stands for “Discovery, Adventure, Momentum and Outlook.” The academy will start by launching research labs in ...
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Article
Alibaba posts better-than-expected results
The Alibaba Group reported better-than expected revenues for its first fiscal quarter ended June 30, thanks to a strong performance in China. Its total sales increased by 56 percent over the year-ago quarter to 50,180 million yuan (€6.4bn-7.5bn). The Thomson Reuters' consensus was RMB 47,700 million (€6.1bn-$7.2bn).The company's operating margin ...
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Article
Alibaba seals a strategic tie-up with the IOC
The International Olympic Committee (IOC) has sealed a long-term partnership with the Alibaba Group, under which the Chinese online giant will become part of The Olympic Partner, the IOC's global sponsorship program. The deal, which was unveiled at the World Economic Forum in Davos earlier this month, marks a far-reaching ...
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Article
Alibaba posts higher-than-expected sales
Alibaba posted sales of 34.3 billion yuan renminbi (€4.6bn-$5.1bn) for the quarter to Sept. 30, representing a 55 percent increase on an annualized basis. For the second consecutive quarter sales exceeded Wall Street's expectations. Income from operations was RMB 9,045 million (€1,201.8m-$1,337.8m) against RMB 6,395 million in the comparable quarter ...
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News briefs
Alibaba has unveiled a new online system to help detect...
Alibaba has unveiled a new online system to help detect and remove fakes. The announcement was made by the company at the inaugural Rights Holders Collaboration Summit it was hosting in its hometown Hangzhou, China on July 1. The new “IP Joint-Force System” is an online platform designed to make ...
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News briefs
Jack Ma, the head of Alibaba, said that Chinese-made counterfeit...
Jack Ma, the head of Alibaba, said that Chinese-made counterfeit products are often of a better quality and are cheaper than the genuine articles, complicating the effort to fight counterfeiting on the country's largest e-commerce websites. The declarations, reported by Bloomberg and other media outlets, were made by the tycoon ...
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News briefs
Alibaba is the first e-commerce company to become a member...
Alibaba is the first e-commerce company to become a member of the International Anticounterfeiting Coalition (IACC), the non-profit organization devoted to combating product counterfeiting and piracy. The Chinese e-tailer has been working with the IACC since 2013 to identify and take down infringing listings on its Taobao and Tmall marketplaces, ...
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News briefs
Alibaba Group Holding will promote rugby in China as part...
Alibaba Group Holding will promote rugby in China as part of the development and sponsorship deal it signed with World Rugby on April 10. Alisports, the new group's sports division, said it plans to invest millions of U.S. dollars and make a long-term investment in the development of the sport ...
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Article
Alibaba acquires majority stake in Lazada
Alibaba Group Holding has made its largest overseas acquisition to date by buying a controlling stake in Lazada, an e-commerce company headquartered in Singapore, for one billion U.S. dollars. Alibaba will pay $500 million for new shares in the company and purchase an equal amount from the existing investors, which ...
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News briefs
Alibaba is likely to overtake Walmart as the world's largest...
Alibaba is likely to overtake Walmart as the world's largest retail platform in its fiscal year ending March 31. The Chinese e-commerce giant indicated that it had reached 3 trillion yuan renminbi (€412bn-$462bn) in gross merchandise value (GMV) as of March 21. The figure, achieved on the back of consumption-driven ...
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