Alibaba’s B2C e-commerce platform Tmall has kicked off its mid-year shopping festival at midnight on June 1.
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These Chinese shopping apps are now the most popular way for people to buy almost anything online.
After an investigation conducted by a special investigation team, Alibaba Group has made a decision to demote Fan Jiang, the current president of Taobao and Tmall.
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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.
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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.