Just as Alibaba celebrated their new record of $38.4 billion in GMV on the Singles’ Day shopping festival, rumors questioning the integrity of those numbers surfaced and circulated on Chinese social media platforms.
Alibaba’s annual 11.11 Global Shopping Festival has only just begun and it has already generated $12.0 billion in GMV (84 billion yuan) during the first hour since the event kicked off at midnight.
Alibaba Group saw a robust total revenue growth of 40% year-on-year and a rise in mobile MAUs (monthly active users) to 785 million.
This year Aspara Conference was wildly informative and technically focused on AliCloud, the infrastructure and operating system that fuels the innovations in various industries.
Alibaba unveiled its first AI inference chip on September 25 at Alibaba Cloud’s annual flagship Apsara Computing Conference.
While Apple’s new iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max will not be available in stores until September 20, online pre-sales for the new handset have exceeded expectations by a landslide.
Alibaba Group announced its financial results for the first quarter of the 2020 fiscal year ended June 30, 2019. The Chinese tech behemoth had a strong quarter across the board, beating estimates on revenue and earnings despite the uncertain market conditions due to the US-China trade tensions.
Smartphones online sales took a nosedive in the first quarter of 2019, according to Counterpoint Research.
Retail giant Tmall Global launched its first English-language website to attract more merchants and businesses from around the world to join China’s largest cross-border online shopping platform.
Tmall, China’s largest B2C platform under Alibaba Group, formed a strategic partnership with U.S.-based VF Corporation on June 13.
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.
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.
Tmall, an online retail website owned by Alibaba, announced today that it expects 1000 new international and domestic cosmetics brands to join the Tmall platform this year in order to meet the demands of Chinese consumers.
On Jan. 31, Alibaba Group announced its financial results for the quarter ended on December 31, 2018. For the past quarter, Alibaba has achieved a revenue of $17,057 million, with a 41 percent year-on-year growth.