Alibaba Group news

15 August 2019
Alibaba has announced its financial results for the first quarter ended June 30, 2019. Total revenue was up 42% to CNY114,924m (US$16,741m) YoY. Continue to invest in technology In a press release, Daniel Zhang, Alibaba’s CEO, said, “ We will continue to expand our customer base, increase operating efficiency and deliver robust growth. With strong cash flow from our core commerce business...
14 August 2019
Alibaba is reportedly in talks with NetEast to acquire its cross-border ecommerce platform Kaola . Ecommerce landscape consolidating While neither Alibaba nor Kaola have commented on the potential deal, Sina Finance reports Alibaba could pay as much as US$2bn for the takeover. Alibaba could merge Kaola with Tmall Global, sharing logistics and expertise to drive growth. For the longer term,...
09 August 2019
After launching its 88 VIP membership program last year, Alibaba has added new perks and privileges to its top-tier loyalty program. New benefits for VIP members The new benefits include discounts at more online flagship stores, memberships for Alibaba’s different services, and wider access to other platforms within the Alibaba economy. The retailer has extended the 5% 88 VIP member discoun...
25 July 2019
Chinese ecommerce giant has opened its doors to US small and medium-sized enterprises (SMEs) on its platform, Alibaba.com. Helping US SMEs access global ecommerce market The business-to-business (B2B) platform is traditionally China focused, with more than 95% of sellers from China. This move enables the 30 million SMEs in the US to have better access to the global ecommerce market, which i...
16 July 2019
New leader for Indonesia’s ecommerce operations. Another new appointment at Lazada Earlier on, we reported the new CEO of Lazada Vietnam . Now, the Lazada Group has announced that Mr. Chun Li, co-president of the Lazada Group, has been appointed as the new CEO of Lazada Indonesia. In this role, Li will lead the strategic development and growth of Lazada in the country. At the same ti...
04 July 2019
Alibaba continues to expand its presence in bricks and mortar in China, with plans to reach at least 2,000 stores across the market by 2022.  Accelerating expansion and coverage Alibaba currently operates 160 Freshippo stores in 21 cities. It hopes to cover 200 cities by 2030, targeting cities with populations in excess of one million. The first store opened in Shanghai back in Janaury 2016...
04 July 2019
Alibaba has announced that James Dong will take over from Max Zhang to be the new CEO of Lazada Vietnam. Enabling greater cross-country collaborations. Dong will retain the position of CEO of Lazada Thailand, allowowing him to enable greater cross-country developments. Dong adds, “Vietnam continues to present a huge opportunity for Lazada. I am confident that we will win in the market by e...
02 July 2019
Alibaba is launching next generation flagship stores on Tmall. Flagship Store 2.0 The new format on Tmall will be called Flagship Store 2.0. It will allow brands to provide more personalised experiences for shoppers. Flagship Store 2.0 will place likely purchases on a store’s first page rather than make shoppers search for the things they want. They will also personalise content and offe...
28 June 2019
Alibaba has launched an English-language portal for its Tmall Global marketplace. Recruiting new merchants The new portal looks to recruit new merchants. Alibaba aims to double the number of international brands on the platform to 40,000 in the next three years. Tmall Global currently covers brands from 77 countries and regions. Alibaba hopes the new website will make the B2C marketplace ev...
20 June 2019
JD.com and Alibaba reported record breaking results for the 18-day campaign, with sales value up by +26%YoY. The festival has evolved to be a major midyear ecommerce event 6.18 shopping festival, created by JD.com, now joined by Alibaba, has become a midyear event that can match the scale of the 11.11 global shopping festival. The total sales transaction reached a new high this year of U...