Amazon to Exit China This Week
Amazon will be exiting China and releasing an official statement on the matter this week, as insiders have told Chinese media. Actual date of disclosure is unknown.
21 Chinese Investors Make Record on Forbes’ 2019 Midas List
According to Forbes, a record number of Chinese investors, particularly women investors, have made Forbes’ 2019 Midas List.
The Brand Power of Chinese Brands is Growing Overseas—Huawei Tops the List
Research from brand equity experts BrandZ—by WPP and Kantar—reveals the “Brand Power” of leading Chinese brands is up 15 percent year-on-year, compared with 5 percent growth last year.
Alibaba Acquires Israeli Startup InfinityAR
Alibaba has acquired the Israeli augmented reality software startup InfinityAR, both companies announced on Mar. 24. While no financial details were disclosed, Globes cited market sources estimating a deal in excess of $10 million.
Alipay Partners with Barclaycard as Chinese Tourism Blossoms in the UK
Alipay, the world’s leading payment platform, today announced a new agreement with Barclaycard, a multinational credit card and payment services provider that processes nearly half of the UK’s credit and debit card transactions.
The NBA and Alibaba Expand Partnership in China
On March 7th, NBA China and Alibaba Group announced today that an expansion of their partnership will bring content from the NBA to Alibaba’s platforms for the first time, as well as including an enhanced online shopping experience for consumers in China.
Alibaba and Office Depot Enters Partnership to Serve Small U.S. Businesses
Office Depot, the well-known American office supplies retailer, is joining forces with China’s Alibaba Group. Alibaba.com will create a new online destination to access the business’s network and serve the needs of small and medium businesses (SMBs) in the United States.
Cainiao Opens China’s First Driver-Less Vehicle Park
On Feb. 28, Cainiao announced that the first driver-less vehicle park in China was opened in Chengdu, Sichuan.
JD.com Beats Forecast with 22% Increase in Revenue
JD.com, China’s leading technology driven e-commerce company and retail infrastructure service provider, announced its financial results for the forth quarter and full year of 2018.
Alibaba Jointly Produced Green Book, an Oscars 2019 Winner
The 2019 Oscar winners are here, and it’s not a U.S. award only!
Alibaba Pictures Group Limited co-produced Green Book, which won Oscars for Best Picture, Best Original Screenplay and Best Actor in a Supporting Role at the 91st Academy Awards (The Oscars).
Chinese Tourists Bring Alipay Overseas
When shopping in China there’s no need to bring your wallet, most people use their phones to pay, regardless of if you are buying a piece of gum or a new car.
Alibaba Buys 8 Percent Stake in Popular Chinese Video Platform Bilibili
As if making a marriage announcement on Feb. 14, Alibaba Group announced that it will be deepening its cooperation with the popular Chinese video platform Bilibili.
“Free Lunch” Charity Program — A Portion of Love in the Mountains
Back in 2011, before Taobao was the e-commerce app on everyone’s lips, Luoluo discovered a charity program on the app called “Free Lunch”.
Alibaba’s Taobao Marks Banner Year of Philanthropy Efforts
Tech giant Alibaba announced a banner year of philanthropy efforts by its e-commerce subsidiary Taobao in 2018.
Outbound Tourism Grows in Chinese New Year Holiday
More and more Chinese chose spend their Spring Festival holiday traveling. The number of people who enjoyed the week-long holiday break overseas grew by 28 percent, according to Alibaba.