Alibaba
The Alibaba Group provides the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers.
See below for the Latest Alibaba News, Analysis, Profit Results, Share Price Information, and Commentary.
Alibaba sells majority stake in Sun Art for $1.58b
Alibaba sells majority stake in Sun Art for $1.58b
The stake was intended to integrate Alibaba’s digital capabilities with Sun Art’s hypermarkets.
Alibaba.com launches 'Alibaba Guaranteed' to boost global sourcing for SMEs
It offers products at fixed prices with shipping fees included, dispatch within 72 hours, and guaranteed delivery dates.
LVMH extends partnership with Alibaba to boost omnichannel presence in China
Alibaba Cloud's AI capabilities will be integrated to develop new applications and services for LVMH's global consumers.
Alibaba’s Taobao and Tmall achieve record growth for 11.11 sale
Over 400 Brands from Taobao and Tmall channels have exceeded more than $13.7m.
Alibaba is APAC’s top e-commerce player
The top three leading e-commerce firms in the region were from China.
Nearly 90% of consumers from emerging Asian markets want more sustainable lifestyle
Consumers from emerging markets are the most willing to learn more about sustainability.
Alibaba.com inks MOI with IMDA, EnterpriseSG to help SMEs export
A dedicated Singapore pavilion will be allotted on Alibaba.com’s homepage.
Alibaba splits into 6 business units
Except for Taobao Tmall, the other business can raise outside capital and pursue IPO.
Weekly News Wrap: Alibaba cut 19,000 employees last year; Woolworths attributes in-home dining boom to inflation
And US-based retailer Foot Locker is in talks with Metro Brands for India entry.
Alibaba group net income soars over 130% in December quarter
This is despite softer demand as well as supply chain and logistics disruptions.
Tmall launches perfume advising services
Nearly 200 customers tried out the service on its launch.
Alibaba names Wu Zeming as CTO in management reshuffle
He succeeded Li Cheng in the post immediately.
Alibaba launches sustainable packaging campaign with Shiseido
They offered products in refillable containers as rewards.
Alibaba Group records $3.2b net loss in September 2022 quarter
Its revenue increased by 3% YoY to around $29.1b.
Cainiao revenue up 26% YoY to $2.57b in Q2 FY23
Over 70% of its revenue was from external customers.
Weekly News Wrap: Chinese brands dominated Singles Day best-sellers; Alibaba did not disclose 11.11 sales for the first time
And Shein opens its first physical store in Tokyo.
Alibaba’s market cap down by 30.3% in Q3
Its value stood at $212b.
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