Alibaba’s Tmall and VF Corporation Deepen Partnership in China
Tmall, China’s largest B2C platform under Alibaba Group, formed a strategic partnership with U.S.-based VF Corporation on June 13.
BrandZ Includes 15 Chinese Companies in its Global Top 100 Most Valuable Brands
The 15 Chinese brands included in BrandZ’s Top 100 Most Valuable include: Alibaba, Tencent, China Mobile, CBC, Moutai, Huawei, etc.
Alibaba Targets Hong Kong IPO
Bloomberg has reported that Alibaba will choose China International Capital Corp. and Credit Suisse Group AG to lead the share sale for their Hong Kong offering.
Alibaba Enters Russian E-commerce JV
Alibaba Group, Russian Direct Investment Fund, MegaFon, and Mail.ru Group have built a joint venture to integrate Russia’s key consumer internet and e-commerce platforms and launch a leading social commerce joint venture in Russia and the CIS.
Alibaba on the US-China Trade War: From Exports to Domestic Consumption
During the recent March Quarter 2019 earnings conference call, Alibaba’s Vice Executive Chairman Joe Tsai began by “addressing the elephant in the room”, which is the current US-China trade war.
Video Sharing App VMate Got over $100M Investment from Alibaba
As video sharing apps go viral on social media, Alibaba invested over $100 million into Vmate, which is previously owned by its subsidiary UCWeb.
Alipay Uses Technology to Create Social Impact
Alipay released its second sustainability report on May 20 in Beijing. The report is titled “Moving towards a better society for the future”, and lists the company’s initiatives and achievements from 2017 and 2018 that had positive social impacts.
Alibaba Group and Tencent Announce March Quarter 2019 Financial Results
On May 15th, Alibaba Group announced their financial results for the quarter and fiscal year that ended in March 31, 2019. Their announcement coincided with that of Tencent, who also launched the financial results for the first quarter 2019.
Alipay Expanded Cover Range in Japan
Alipay, a payment and lifestyle platform by Ant Financial, has connected more than 300,000 Japanese merchants as of early 2019, a 500 percent increase compared with last year.
Netflix to Distribute Chinese Youku Romantic Comedy “I Hear You”
Netflix has purchased exclusive distribution rights to stream Chinese streaming website Youku’s original web series “I Hear You” outside of China, said the Alibaba-owned video site on May 10.
Lazada Ranked Southeast Asia’s Number-One Shopping App
Lazada is dominating the mobile shopping realm across Southeast Asia. App analytics and market data platform “App Annie” named it the number-one shopping app in Southeast Asia.
Hurun Released “Greater China Unicorn Index” and “Future Unicorns” for 2019 Q1
Hurun Research Institute released “Hurun Greater China Unicorn Index 2019 Q1” and “Hurun China Future Unicorns 2019 Q1” on May 7, 2019. This is the sixth release of the Unicorn Index and the first release of Future Unicorns.
Sequoia China Says Reuters Article is Nonsense and an Attempt for Defamation
Following the release of a Reuters article on Sequoia Capital China’s 20 percent cut of investment staff, Sequoia China has dismissed the report firmly, claiming that the published article is “nonsense” and a malicious attempt for defamation.
Alibaba Releases Free Font for Its Ecosystem
Chinese e-commerce giant Alibaba releases “Alibaba Sans” typeface and grants all members in its ecosystem free access to the font.
Chinese Influencer Startup Ruhnn Went Listed on NASDAQ
On Apr. 3, Ruhnn, an Alibaba-backed Chinese influencer startup went listed on NASDAQ, with a ticker symbol of “RUHN” and issuing price of $12.5. The total financing is expected to reach $1,250 million.