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In a significant turn of events for the retail landscape in Asia, leading e-commerce platform Alibaba has unveiled its new strategy aimed at revitalizing its marketplace. The move comes in response to growing competition and shifting consumer preferences, as…
Alibaba Group Holding is set to phase out its remaining Costco-style Hema X store, signaling a pullback from China’s competitive retail market. In a significant shift within its retail strategy, Alibaba is closing its premium “Hema X” stores, which operated…
As the global retail landscape shifts, Asian e-commerce giant Alibaba has unveiled its ambitious plans for expansion, promising a new era of digital shopping that could reshape consumer habits and retail dynamics across the continent. During a recent press…
In an ambitious move that could reshape the retail landscape in Asia, Alibaba Group has unveiled its latest venture: a multi-format retail experience designed to blend online and offline shopping seamlessly. This ambitious project embraces the company’s…
Retail giant Alibaba Group is ramping up its game as it unveils plans to expand its wholesale business, unveiling a transformative strategy that aims to penetrate deeper into Southeast Asia’s burgeoning e-commerce market. With a firm belief in the region’s…
The retail landscape in Asia is witnessing a bustling surge as major players like Alibaba and JD.com continue to innovate the e-commerce experience. Recently, the two giants sparked excitement among consumers and investors alike with their ambitious plans to…
Real Madrid, the world’s leading sports club and Tmall Global, an overseas platform and an extension of Alibaba Group’s B2C Tmall.com business in China, jointly announced today the launch of the official online Real Madrid store (https://realmadrid.tmall.hk)…
Vietnamese eCommerce site Lingo.vn closed suddenly yesterday, without a word of goodbye to its legion of Vietnamese fans. The closing of Lingo.vn was clearly a sudden decision, especially as it had been running a promotion on its Facebook page, which was…
Sean Yuan, Vice President of International Business and General Manager of Thailand, Indonesia, Japan, the Philippines, and the South Pacific Region at Alibaba Cloud Intelligence, stated, “Our latest data center strengthens our commitment to providing…
Chinese technology giant Alibaba Group Holding has invested another US$634 million in its e-commerce subsidiary Lazada amid intensifying competition. The injection – the group’s third this year – takes its investment in Lazada to more than $1.8 billion. Since…
Alibaba Group saw its revenue increase 9 percent year over year to US$30.81 billion for the quarter ended September 30. The company’s operating income soared 34 percent to $4.603 billion, with adjusted EBITA up 18 percent to $5.872 billion. Taobao and Tmall…
Alibaba.com, the global business-to-business e-commerce platform of Chinese tech giant Alibaba, will double its investment in emerging manufacturing centers in Vietnam and additionally hire hundreds of employees. In the next three years, Alibaba.com will…
Alibaba Group has appointed Joseph C Tsai and Eddie Yongming Wu as the company’s new chairman and CEO respectively, marking the group’s one of the most significant organisational changes. The appointments will take effect on September 10. Tsai and Wu will…
Alibaba Group will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday. “What we will focus more for the future is to build local businesses, so you…
This is despite softer demand as well as supply chain and logistics disruptions. Alibaba Group Holdings reported its net income attributable to ordinary shareholders grew by 138% to US$6.78b in the quarter ending in December 2022. The company attributed this…
Alibaba’s online business-to-consumer retail platform Tmall has launched a perfume advising service, seeking to help consumers with perfume selection and use, the e-commerce giant said in a news release. Yves Saint Laurent, Valentino and Prada have piloted…
