Alibaba Group announced that Joseph Tsai, currently executive vice chairman, will succeed Daniel Zhang as chairman of the company, while Eddie Yongming Wu, chairman of Taobao and Tmall Group, will suc…
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Alibaba posts annual revenue growth of 2 percent, earnings surge
Alibaba Group Holding announced revenue was RMB 208.2 billion (USD 30.316 billion) for the fourth quarter ending March 31, an increase of 2 percent, coinciding with a single-digit lift in annual reven…
How luxury brands are courting the new Chinese consumer as shopping tourism resumes
Luxury brands are revamping connections between online and offline shopping channels ahead of high-spending Chinese tourists’ return to the world’s fashion hotspots, said industry executives.…
Alibaba reorganises into six business groups
Alibaba Group said on Tuesday it will reorganise into six business groups and other investments, a move designed to unlock shareholder value and foster market competitiveness. …
Ralph Lauren homes in on Asia with Wei Zhang board appointment
U.S. fashion label Ralph Lauren announced on Wednesday the appointment of Wei Zhang to its board of directors, effective November 9. An expert in the Asian market, Zhang worked for China’s Alibaba [&#…
The growing demand for pre-made meals over takeout among Chinese consumers
Chinese diners are saying goodbye to takeout and hello to home-cooked – with a pre-made twist. Meal kits, which arrive chilled and can be heated for consumers to enjoy at their leisure, have become a …
The five most-read interviews of 2021
This year, we had the pleasure to interview many brand leaders, start-up founders and retail experts. Together we discussed their digital transformation and omnichannel strategies, the future of brick…
Alibaba pledges carbon neutrality by 2030
Alibaba Group pledged on 17th December to reach carbon neutrality by 2030 as it reins in emissions across its operations amid a global push to tackle climate change.…
Alibaba Group reorganises its e-commerce businesses
Alibaba Group announced organisational changes and leadership appointments to drive synergies across its consumer and wholesale commerce platforms both in China and globally, as the company continues …
Alibaba Group appoints new Chief Financial Officer
Alibaba Group announced that Toby Xu, Deputy Chief Financial Officer, will succeed Maggie Wu as the company’s Chief Financial Officer, effective 1st April.…