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Alibaba Group sales soared 41 per cent in the December quarter as its customer based neared 700 million. The Chinese company’s turnover for the three months reached US$17.057 billion and its net income attributable to shareholders $4.807 billion. “Our…
Alibaba plans to form independent research and development teams to build up core technologies that support its vision of serving 2 billion people in the future. The giant e-commerce and technology company unveiled its grand plan at its inaugural tech summit,…
Sales of South Korea’s online shopping malls rose dramatically in recent months helped by the growing number of Chinese customers. Data released this week shows the Korean online industry growth is happening amid China’s retaliation against South Korea over…
The closures of a number of retail and luxury brand giants on China’s e-commerce platforms indicate that retail competition is no less fierce online than offline. It is old news that the Chinese market is highly competitive and unlike any other market in the…
The third-party logistics market in China to grow at a CAGR of 10.16% during the period 2017-2021. Third Party Logistics Market in China 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the…
Irish retailer Musgrave is to begin exporting SuperValu own brand products to China. It will initially supply up to 40 own brand products – including SuperValu breakfast cereals, coffee, jam, biscuits and healthy snacks amongst a range of other goods.…
High-level witnesses attended the signing of a letter of intent in China that will see Thailand co-operate with Alibaba on eCommerce initiatives. Thailand’s deputy prime minister Somkid Jatusripitak was invited by the eCommerce giant to its headquarters in…
As part of its aim to have digital strategy as the core of its business, Japanese department store company Isetan Mitsukoshi Holdings is preparing to launch an online store. It has started tests leading up to its launch this month of its first online store on…
Chinese eCommerce giant Alibaba Group Holding plans to invest 2.1 billion yuan (US$305 million) in supermarket chain Sanjiang Shopping Club. Sanjiang’s share were suspended by the Shanghai stock exchange on November 8, with trading resuming today. Under the…
While China’s economy goes through a sluggish patch, internet shopping mall giant Alibaba Group has announced a sparkling quarter in which profit beat expectations, its fledgling cloud computing business more than doubled sales, and its entertainment income…
Alibaba Group Holding, the world’s largest e-commerce company, is expected to report another strong quarter of sales in the three months to September 30, as its preparations intensify for the Singles’ Day online shopping festival next week. Analysts estimated…
eCommerce group Lazada Indonesia says its current volume growth has accelerated to more than 150 per cent than at the same time last year. Key contributing categories are FMCG and fashion, which are both growing more than three times as much as last year.…
Alibaba Group Holding has surpassed Tencent Holdings and China Mobile in market capitalisation to become Asia’s richest company. Alibaba’s market value rose to US$261 billion in New York last week, overtaking Tencent’s US$255.98 billion capitalisation in Hong…
Australian wines are set to get a big boost in China from e-commerce giant Alibaba Group’s latest venture. An online “flagship store” featuring Australian wine has been launched on Alibaba’s business-to-consumer platform Tmall.com. Alibaba’s online retail…
An inaugural 9.9 Alibaba Global Wine & Spirits Festival will be held next week through Tmall.com. Alibaba Group will bring 100,000 international wines, cognacs, whiskeys and other beverages from 50 countries to Chinese consumers through Tmall.com. Brands such…
Alibaba and Kodak have teamed up in a new business venture using high technology to fight fake goods being traded online. The cameras and film that helped build the Eastman Kodak empire, launched in 1888, are long gone, but the company has found new life…
