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Alibaba Group Holding Limited (NYSE:BABA) today officially kicked off the 2018 11.11 Global Shopping Festival in China’s capital, promising this year’s mega-event will be the largest-ever in terms of scale and reach. Businesses within the Alibaba ecosystem…
Continuing momentum in Alibaba Group’s New Retail business helped drive a 56 per cent year-on-year growth in sales for the quarter to December 31. The performance of the New Retail category – which combines its online (non-marketplace) and fast-growing…
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…
Alibaba sales have soared in the first quarter of its new fiscal year, with overall revenue growth pushing even higher than last quarter’s stellar result. Streaming entertainment and cloud computing boosted the business, driving revenue up 59 per cent in the…
Alibaba was initially founded in Jack Ma’s apartment in Hangzhou in 1999, before Alibaba.com was launched later that same year. In 2003, as the number of Internet users in China reached 80 million,[1] Taobao.com was launched as an online market. Shortly…
Coca-Cola, one of the world’s most iconic beverage brands, is opening a flagship store on Alibaba Group’s Tmall online marketplace. The Coca-Cola Tmall store comes just in time for the Global Shopping Festival, the world’s biggest online sale, on November 11.…
Cainiao, Alibaba Group’s logistics affiliate, has agreed to work with the US Postal Service to speed delivery of merchandise ordered by US consumers on Alibaba’s international online shopping platforms. Under a Memorandum of Understanding (MoU), Cainiao and…
Alibaba Group has launched an English-language version of its online system for reporting intellectual property (IP) infringements that occur on its giant Chinese e-shopping marketplaces Taobao.com and Tmall.com. The system, called TaoProtect, is designed to…
When it comes to online retail markets, China is in a class by itself. The country is already home to the world’s largest e-commerce market, and there’s room for more growth.Chinese consumers are attaining middle class spending power at a historically…
International information technology players have been piling in. Japanese telecoms group Softbank has made a string of acquisitions across Asia. It invested $250m in the region’s ride-hailing app GrabTaxi at the end of last year. In Indonesia, it invested…
Retail sales on tablets, smartphones and other mobile devices will reach $333.99 billion this year in China, according to eMarketer’s latest estimates of retail sales around the world, up 85.1% from 2014. That figure represents 49.7% of all retail ecommerce…
Chinese language on-line retailer JD.com has launched a Russian-language web site to broaden its operations outdoors its core China market. In doing so, it’s following within the tracks of its big rival Alibaba, which has reportedly gained speedy reputation…
Enterprise is booming in Brazil for Alibaba’s AliExpress. Regardless of the language barrier, lengthy delivery occasions, and cost inconveniences, increasingly Brazilians have been drawn to AliExpress because of the excessive value of many gadgets in Brazil.…
