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.
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.
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 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.
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.
In recent research conducted by a marketing and communications group WPP and consulting firm Kantar, Alibaba was named the most valuable non-US retail brand in the world.
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 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 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.
Chinese e-commerce giant Alibaba releases “Alibaba Sans” typeface and grants all members in its ecosystem free access to the font.
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.
According to Forbes, a record number of Chinese investors, particularly women investors, have made Forbes’ 2019 Midas 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 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, 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.