Falling Tides of China’s Internet Industry in 2018 — Don’t Go Gentle Into That Good Night
“It was the best of times, it was the worst of times…” — Charles Dickens
Alibaba Revamps Internal Structure – Upgrading Tmall and Cloud Computing
On Nov. 26 E-commerce giant Alibaba Group announced the upgrading of its cloud computing unit and the restructuring of Tmall, Alibaba’s online retail platform, in an internal letter.
Alibaba Vows to Import $200 Billion International Goods to China
Today at the CIIE, Alibaba Group promised to help import $200 billion worth of goods from more than 120 countries over the next five years, underscoring the company’s long-term commitment to globalization and efforts to meet Chinese consumers’ rising demand for high-quality international products.
Cainiao is Getting Ready for 11.11 Global Shopping Festival with Robotic Warehouse
As Nov.11 is approaching, Cainiao, a Chinese logistics firm mostly owned by Alibaba, opened the largest robotic smart warehouse in China to prepare for the upcoming huge demand.
Alibaba and Richemont Form Partnership to Give Luxury Brands Enhanced Access to Chinese Market
Alibaba Group and Richemont, a Switzerland-based luxury goods holding company, announced a global strategic partnership today with the purpose of bringing the retail offerings of YOOX NET-A-PORTER GROUP S.p.A. (YNAP), the world’s leading online luxury retailer, to Chinese consumers.
Ep. 26: The O2O Local Services War: Alibaba vs. Meituan? Part 2: Koubei
In Ep. 26 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma discuss Koubei, rounding up the second installment of a two-part deep-dive into the local services space in China. An Alibaba subsidiary, Koubei recently merged with ele.me, another Alibaba-owned (via acquisition) entity which was covered in Ep. 25 last week.
JD.com Partners with WWF and CCTF to Launch Second Annual Green Planet-Sustainable Week
Chinese e-commerce giant JD.com partnered with World Wide Fund for Nature (WWF) and The China Children and Teenagers’ Fund (CCTF) to launch the second-annual “Green Planet-Sustainable Week” event.
Gucci Reluctant to Partner with Alibaba and JD.com due to Counterfeit Concerns
Gucci expressed reluctance on the topic of cooperating with Chinese e-commerce platforms led by Alibaba and JD.com due to concerns of counterfeiting scandals, according to Financial Times.
JD.com’s Massive Online Retailer JD CENTRAL Officially Launches in Thailand
On the afternoon of Sept. 27, JD.com Inc. announced that the online retail platform JD CENTRAL, built together with Thai conglomerate Central Group of Companies, will officially launch on Sept. 28 in Thailand.
Alibaba Sets Up Chipmaking Subsidiary, First Chip to be Released in June 2019
Alibaba Group, the biggest e-commerce company in China, is setting up its own chipmaking subsidiary, Pingtouge Semiconductor Company, to make its in-house artificial intelligence inference chips.
Jack Ma Talks About Manufacturing Woes, Alibaba Cloud, and the DAMO Academy at the Computing Conference 2018
The Computing Conference, one of the Alibaba Group’s largest and most renowned events, opened on Sept. 19 in Hangzhou. Executive chairman Jack Ma, as well as his successor, Alibaba’s current CEO Daniel Zhang, both spoke about Alibaba’s future at the main forum on opening day.
Ant Financial CEO Presents Company’s New Development Strategy
On Sept. 17, Ant Financial announced the company’s technological capabilities, growth strategy, and planned partnerships with financial institutions in hopes of creating long-lasting customer values, enhancing user experience, and establishing a strong growth momentum.
Third Taobao Maker Festival Kick off in West Lake Area in Hangzhou
Taobao, China’s leading e-commerce platform, developed by Alibaba Group kicked off its third Taobao Maker Festival in Hangzhou, China on Sept. 13.
Alibaba CEO Jack Ma Names Daniel Zhang as His Successor
Alibaba Group, the largest e-commerce platform in China, has announced on Sept. 10 that chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board, effective one year from now.
Fresh Produce E-Commerce Unicorn MissFresh Raises $450 Million in Series D Funding
MissFresh, a fresh produce e-commerce platform, announced the completion of their Series D fundraising on September 6. The $450 million round is lead by Goldman Sachs Investment Partners (GSIP) and Tencent Holdings Ltd., followed by Tiger Global Management and four new investors.