JD.com and Alibaba reported sales last quarter that missed expectations, with both firms offering increased discounts.…
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Search Results For: Alibaba
Yoox Net-a-Porter ends Alibaba joint venture signalling China exit
Yoox Net-a-Porter is shuttering its China business, signalling a shift in direction for the Richemont-owned company.…
LVMH renews partnership with Alibaba for omni-channel growth in China
LVMH Group has forged an extended partnership with Alibaba Group, China’s leading e-commerce and technology company.…
Alibaba quarterly profit dives despite sales lifting 7 percent
Alibaba Group said revenue increased 7 percent in the fourth quarter, coinciding with a double-digit profit decline.…
Alibaba invests in South Korean fashion app Ably
Alibaba is taking a minority stake in South Korea’s Ably, marking the Chinese giant’s latest investment in the Korean market.…
Alibaba to invest USD 1.1 billion in South Korea to take on Coupang
Alibaba is set to invest USD 1.1 billion over the next three years to create a logistics network in Korea.…
Tiffany & Co. launches store on Alibaba’s Tmall Luxury Pavilion
Tiffany & Co. has unveiled a flagship store on Tmall Luxury Pavilion, as it homes in on China’s digital shoppers.…
Alibaba invests another USD 630 million in Southeast Asia market via Lazada
Chinese giant Alibaba Holdings has invested a further USD 630 million in its Singapore-based Lazada, as it looks to boost sales in the region and remain competitive against rival TikTok.…
Alibaba sales up 9 percent on international e-comm, reneges on cloud unit spin-off
Alibaba Group said revenue climbed 9 percent to RMB 224.79 billion (USD 30.81 billion) in the second quarter, as the Chinese e-commerce giant reneges on plans to spin-off its cloud unit.…
Alibaba’s Daniel Zhang quits cloud unit, spin-off plans to go ahead
Chinese tech behemoth Alibaba Group Holdings has announced the departure of Daniel Zhang from its Cloud Intelligence Group, its second biggest business unit after its domestic e-commerce.…