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Alibaba-owned grocery chain Freshippo will launch its first presence in Australia, in partnership with Ebest, the local online Asian supermarket. Freshippo’s items will be available through Ebest’s shopping app and website, with a product selection tailored…
Chinese e-commerce giant Alibaba Group Holding Ltd 9988.HK posted a smaller-than-expected rise in quarterly revenue on Thursday as COVID-19 curbs and a worsening economic outlook stifled consumer spending. Retail spending in China has sagged this year with…
Alibaba’s supermarket chain Freshippo says it is adding more couriers to meet high demand in Shanghai but this was not yet catching up with the rising needs of locked-down residents as the city battles a surge in Covid-19 cases. Shen Li, a vice president at…
Fast increasing online groceries demand and the high growth potential of Vietnamese e-commerce market are factors driving Chinese giant Alibaba’s investment in Vietnam. A consortium led by the Chinese e-commerce giant invested $400 million in The CrownX, a…
Alibaba Group has bought a 33 percent equity interest in Ant Financial, pulling the financial tech giant closer to mainland China. Following the acquisition, Ant will no longer be required to pay 37.5 percent of its pre-tax profits to the e-commerce behemoth.…
