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Chinese tech firm LeEco has put a Beijing shopping centre up for auction on Chinese e-commerce platform Taobao. Experiencing financial difficulties, yet determined to uphold its online trading practices, the firm has listed the 50,000sqm Beijing Shimao…
South Koreans are spending more at Chinese online stores, according to credit-card spending data. Purchase records from November 1-26, compiled by the big data centre at Shinhan Card, showed a 9.8 per cent increase from last year in the value of goods bought…
South Korean retailers benefited from another record-setting Nov. 11 Singles Day shopping extravaganza led by Alibaba Group of China. Since 2009, Chinese retail giant Alibaba Group has transformed Singles’ Day, which falls on Nov. 11, into an online shopping…
Alibaba has invested an undisclosed figure in Chinese garment-sharing platform YCloset. The site’s strategic fundraising round that secured the Alibaba funding will be used to expand its data analysis functions and physical operations centres. The…
Starbucks China and Alibaba have announced an alliance that stretches way beyond the latter’s online delivery platform Ele.me. The two companies describe their pact as “a deep, strategic New Retail partnership” that will enable a seamless Starbucks experience…
Ele.me aims to grab a majority share of China’s food-delivery market in the near future, CEO Wang Lai, (pictured), said this week. Moving into Alibaba’s ecosystem has already created new and immediate opportunities for Ele.me and the 3 million-strong delivery…
Alibaba’s digital marketing arm Alimama has unveiled an artificial intelligence-powered copywriting tool. Tapping the huge pool of content on Alibaba’s e-commerce sites Tmall and Taobao, the AI copywriter uses deep learning and natural language-processing…
Alibaba Group’s rural initiative – Rural Taobao – plans to expand its coverage to 1000 counties and 150,000 villages across China during the next three years. Launched in October 2014, Rural Taobao is one of Alibaba’s three main strategic projects in addition…
China’s millennial generation is the driving force behind the shift from “Made in China” to “Created in China.” To celebrate this new generation of makers, and the consumers who are increasingly looking for unique, niche brands and products to express…
Alibaba’s C2C e-commerce site Taobao aims at seniors and their families on a newly launched shopping channel on its platform. Taobao for retirees aims to be easier for seniors to register an account and browse products, delivering an improved user experience…
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…
Taobao has been added to the USTR counterfeit blacklist for the second successive year for selling suspected fake items on its shopping platform. However, the Chinese e-commerce giant says the listing does not reflect its IP-protection efforts. Owned by…
Macy’s, the iconic US bricks-and-mortar retailer, has taken a digital-first approach in its effort to crack the complicated China market by using innovative virtual reality and influencer strategies. “When we came into China, we started digital first, and we…
In 1999, when Alibaba was founded, the first association people would make was “Ali Baba” from the Arabian literature masterpiece “One Thousand and One Nights”. Jack Ma said he chose it for this reason, it was a name able to resonate in people’s mind all over…
A Lazada loyalty program for Singapore shoppers looks set to be expanded to other Asian markets. Alibaba-owned Lazada has teamed up with Netflix and Uber Technologies – the first time the companies have jointly created an online rewards program, according to…
China’s Alibaba Group has teamed up with online retailer Lazada to bring popular shopping site Taobao to Singapore, in a move to deepen the reach of the Chinese e-commerce giant into Asia ahead of US rival Amazon. Last year, Alibaba made headlines with a US$1…
