Cainiao Network, the logistics arm of Alibaba Group, announced its first Cainiao Post network outside Mainland China, in Hong Kong.…
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Alibaba Group pledges US$15.5 billion to promote “common prosperity” in China
Alibaba Group has committed US$15.5 billion to finance 10 initiatives promoting “common prosperity” in China, supporting a nationwide push towards a fairer society.…
Alibaba to launch Taobao Deals on WeChat
There are no permanent enemies, only interests.…
China’s share of global luxury market reaches new high
Following a slow start to luxury sales in China due to Covid-19 lockdowns, spending on luxury in the country has rebounded strongly as restrictions to global travel have pushed Chinese consumers to ma…
Decrypting Singles’ Day 2020
Another record year. Let’s look at three aspects that will have strong implications in determining just how much they may share in that success in 2021.…
11.11 and the growth of Chinese tech giants
It is fair to say that Double-11 / Singles’ Day was a runaway success; sales topped $116 billion from China’s two biggest e-commerce players alone.…
Alibaba 2020 11.11 Global Shopping Festival generated US$74.1 billion in GMV
Alibaba Group Holding Limited announced the 2020 11.11 Global Shopping Festival generated US$74.1 billion in GMV during the 11-day campaign from 1st November to 11th November, an increase of 26% compa…
Farfetch, Alibaba Group and Richemont partner to develop “Luxury New Retail”
Farfetch, Alibaba Group and Richemont said they are joining forces to provide luxury brands with enhanced access to China and speed up digitization of the global luxury industry.…
Alibaba Group unveils plans for 2020 11.11 Global Shopping Festival
Alibaba Group Holding Limited kicked off its 11.11 Global Shopping Festival with new innovations and features to meet rapidly changing consumer trends.…
Bravado launches store on Tmall Global
Bravado, Universal Music Group’s merchandising and brand management division, launched its namesake store on Tmall Global, Alibaba’s cross border e-commerce platform.…
