Alibaba’s purchase of a 36.16 percent stake in SUN ART Retail Group – a $2.9 billion investment – shook business news on November 20. Alibaba, the e-commerce giant that put forward of the concept of “new retail,” and SUN ART, the top offline retailer in China created a fusion of e-commerce and brick-and-mortar business. The…
2017 will be a milestone in the history of Chinese companies. In April, Tencent ranked among the Top 10 companies in the world by market value. In June, Alibaba joined it in the Top 10, and within a few days surged to seventh place. On November 21, Tencent’s market value grew to $520 billion, passing…
Vietnamese e-commerce platform Tiki.vn recently announced it received $44 million in financing from JD.com. Tiki.vn said it would use the new financing to train staff, optimize logistics distribution and market its distribution service TikiNow.
“The Internet is a natural monopoly industry, and if it is still dominated by Baidu, Alibaba and Tencent in a decade, it will be most unfortunate for China,” Richard Liu said at the release of Qihoo 360 CEO Zhou Hongyi’s new book in Beijing on November 19.
The Xianyu 2017 Strategic Conference was held in Beijing on November 16. The company is the third trillion worth platform that Alibaba has developed after Taobao and Tmall, said Chen Weiye, general manager of Xianyu, a part of Alibaba Group.
Seven of the Top 10 are Internet technology companies – namely, Apple, Google, Microsoft, Amazon, Facebook, Tencent and Alibaba – have a combined market value of $4.25 trillion, close to Japan’s GDP in 2016.
China’s National TV network CCTV 2 Finance Channel and the National Academy of Economic Strategy under the Chinese Academy of Social Sciences released their China Annual E-Commerce Report. How has Chinese e-commerce changed in the past year, and what are the highlights? What are the trends in global e-commerce?
This year’s Singles’ Day is just over, but Alibaba and JD.com are already fighting about how to calculate and record who had the most transactions.
Alipay, Zhima Credit, Ant Credit Pay and Linking Cloud jointly launched Medical Service on Credit, a medical product designed to reduce the need to queue for services, on November 7.
Lu Guanqiu, a famous Zhejiang Province businessman and Chairman of Wanxiang Group, passed away. Jack Ma, the founder of Alibaba, wrote memorial essay in his business trip and we shared the article in the first time.