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.…
Alibaba Group acquires Sun Art Retail Group
Alibaba Group Holding Limited announced it will invest approximately US$3.6 billion in respect of Sun Art Retail Group Limited that will raise its aggregate direct and indirect stake to approximately …
Alibaba to increase ownership stake in courier YTO Express
Alibaba Group Holdings Ltd is reportedly in talks to increase its minority ownership of courier firm, YTO Express Group, a move that will make the e-commerce giant a major stakeholder in the fellow Ch…