Alibaba announces new sale record after the tenth anniversary of Double Eleven, the global shopping festival that came to a close on November 11.
On Oct. 19, Alibaba Group officially kicked off the 2018 11.11 Global Shopping Festival in Beijing, promising this year’s mega-event will be the largest ever in terms of scale and reach.
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.
On Sept. 28, Alibaba Group’s Tmall and L’Oréal China announced that they will expand their cooperation and find new ways to tap into the Chinese market, leveraging data-driven consumer analytics to better connect products and consumers.
JD.com Inc, China’s second largest e-commerce platform, reported a 31.2 percent rise in its second-quarter revenue on Thursday, falling short of analysts’ estimates after a worse-than-expected sale season.
Alibaba Group, the Chinese e-commerce giant, announced on August 16 the addition of luxury jeweler Tiffany & Co. to its Luxury Pavilion on the Tmall shopping platform.
In one month, Chinese Starbucks customers will no longer need to wait in line for their cup of coffee as the coffee giant forms new partnership with the Alibaba Group.
Pinduoduo, one of China’s largest e-commerce unicorns, looks to raise around US$1 billion in its U.S. initial public offering (IPO), confirming a report published earlier by Pandaily.
On the morning of June 28, sources from China Entrepreneur Magazine disclose that leading e-commerce platform Pinduoduo is rumored to be filing for an IPO at the U.S. Securities and Exchange Commission next week, with Goldman Sachs and China International Capital Corporation as the main underwriters.
Alibaba’s financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding Limited (NYSE: BABA) today.
This week on the TechBuzz China podcast, our hosts Rui Ma and Ying-Ying Lu lead in-depth discussions on the e-commerce phenomenon that is Pinduoduo and the future of co-working in China with WeWork’s purchase of NakedHub. They also shared commentaries from multiple investors and industry insiders such as Kathy Xu, Mark Pols, and Rebecca Brian…
“Alibaba and JD.com have established offices to compete with Pinduoduo.” said Bin Huang, an e-commerce merchant. Relying on WeChat traffic, Pinduoduo has become a black horse within the e-commerce industry.
In 2018, car manufacturer Renault celebrated its 120th birthday. On March 7, Dongfeng Renault held its “Brand Night” in Shanghai and released its “Mid-term Business Plan” for 2022. Renault announced that it has partnered with Alibaba Group in technology and new retail services as a key part of Renault’s “In China, For China” strategy.
Alibaba recently released its 2017 data related to social responsibility. During 2017, Alibaba paid more than 100 million yuan per day in taxes, drove more than 290 billion yuan in tax payments through upstream and downstream companies and created 33 million jobs.
French President Macron is on a state visit to China. Under his witness, JD.com group signed memorandums of understanding with Business France and the French industrial engineering group Fives.