Nanushka, the Budapest-based fashion house, has recently launched on Alibaba Group’s business-to-consumer marketplace Tmall and opened a store in Shanghai.…
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Alibaba revenues inch forward despite Covid, supply chain woes
Alibaba Group Holding Limited announced on Thursday revenues for the quarter ending December 31 increased 2 percent year-over-year, to RMB 247 billion (USD 36 billion).…
Jack Ma relinquishes control of Ant Group
Chinese fintech giant Ant Group announced on Saturday that billionaire entrepreneur Jack Ma plans to relinquish his control of the company. SEE ALSO: Hungary’s Nanushka launches on Alibaba’s Tmall, op…
Luxe Less Ordinary: The Rise of Niche Luxury Brands in China
China’s vast luxury goods sector can hardly be described as a niche market. For niche European brands, however, the country is fast becoming an unmissable growth opportunity. SEE ALSO: Chinese [……
What will be the key focus of 11.11 this year?
Alibaba’s 11.11 Global Shopping Festival 2022 kicked off the first check-out period at 8pm Beijing time on October 31. According to the Chinese e-commerce giant,building brand loyalty is a key focus t…
Back to the basics for 2022 Singles’ Day
China hopes to retain solid growth this year, largely on the back of consumer consumption growth. President Xi said the country would “better leverage the fundamental role of consumption in stimulatin…