logo
logo
logo
logo
Robert Woodward 2016-07-31

Just before the stores open in Tokyo s Akihabara electronics district, buses pull up, unleashing Chinese tourists and their credit cards to snap up televisions, rice cookers and other gadgets.

Walk into any department store and there they are, buying mascara, t-shirts and other merchandise.China s infatuation with Japanese products is now discovering a new source of satisfaction: the internet.

And Amazon.co.jp is responding.On June 30, the web retailer quietly rolled out a Chinese-language version of its shopping site in Japan, along with new, reduced shipping rates to mainland homes and businesses.

It s another example of how Amazon.com Inc. is evolving in Asia to open up new streams of revenue and make up for the lack of a bigger presence in China, where Alibaba Group Holding Ltd. dominates.

Underscoring that potential, e-commerce demand from China to Japan is projected to almost triple to 2.34 trillion yen $22.5 billion in 2019, according to Japan s Ministry of Economy, Trade and Industry.

The opportunity is huge, said Jasper Cheung, president of Amazon Japan.

collect
0
Rodney Edson 2017-07-07
img

Alibaba has launched its own home assistant device, similar to Amazon’s Echo, as China’s internet giants races to capture a growing share of the market.

Dubbed the “Tmall AliGenie”, the device is powered by the “AliGenie” voice assistant system and is similar to the Amazon Echo.

The Genie X1 is being seen as another way of Alababa to cement its leading position in the Chinese e-commerce market.

By simply vocalising their requests to the Genie, consumers can order anything from the latest smartphones to imported snacks on the Tmall marketplace.

It can also keep users updated on the delivery progress of their order.

“The Tmall Genie X1 will help connect users to Tmall in a more personal way, and could allow Alibaba to sell more smart home devices by being linked up to the Genie,” said Kitty Fok, managing director for research firm IDC China.

collect
0
Betty Saliba 2016-11-21

I m Fred Raillard, Creative CEO, Co-founder and Creative Chief Officer with Farid Mokart of FRED & FARID, a social, content, tech solutions for brands company based in New York, Paris and Shanghai.

I fell in love with China, and live in Shanghai with my wife and three sons since September 2012.

Thanks to Zhuomin Qin, Feng Huang, Jalila Levesque, Jules Chaffiotte, Radouane Guissi, Yi Zhang, Ying Zhang, Aliou Maro, Tina Liu, Louis Caudevilla, Dushan Karageorgevitch, Jing Qian, Jonathan Roy, Maxime Aubanel and Antoine Robin for their participation to this chronic.

Chinese e-shoppers spend billions on Alibaba Single s Day

The HotBrand this week is Tmall, with the 11/11 November 11 .

This used to be the celebration of single people the Single s Day , and has become since a few years now a huge celebration of e-commerce in China.

collect
0
Harvey Broughton 2017-12-05
img

Alibaba has committed RMB10bn (US$1.5bn) over the next five years to help alleviate poverty in China with the establishment of a charity fund.

The Alibaba Poverty Relief Fund aims to help improve the livelihood of China’s poor with a focus on education, entrepreneurship, empowering women and environmental protection.

The investment will come from Alibaba employees and its 36 partners with additional support from the Alibaba Foundation, a charity established in 2011 that takes in 0.3% of Alibaba’s annual revenue to support social responsibility initiatives.

Poverty alleviation work will also be a key focus of Alibaba Foundation for the next five years.

Alibaba will also offer technology and expertise from its ecommerce, logistics, payment and financial service platforms to help China’s rural population use the power of the internet to improve their lives.

The fund will be led by four Alibaba executives, who will each serve as vice chairs, including executive vice chairman Joe Tsai, chief executive officer Daniel Zhang and Alibaba partners Lucy Peng and Eric Jing, under president Shao Xiaofeng.

collect
0
George Mitchell 2016-10-12
img

PlaceIQ has a new, big-name investor — Chinese e-commerce giant Alibaba.

The companies aren t disclosing the size of the deal; they ll only say that it s a strategic, minority investment, and that it s an addition to the $25 million round that PlaceIQ announced at the beginning of this year.

Co-founder and CEO Duncan McCall told me this is part of a larger partnership, where Alibaba will be using PlaceIQ s technology.

I don t want to speak for Alibaba , but in my mind, they didn t want to invest in a company — they wanted to find a strategic partner, McCall said.

PlaceIQ combines location data with first-party data from marketers to provide a fuller understanding of consumer behavior — not just whether someone s visited a car dealership, for example, but whether they re actually shopping for a car, and what kinds TV stations they re likely to watch.

McCall said Alibaba could use PlaceIQ s technology in a variety of ways, including marketing, product recommendations and providing data for broader decision-making.

collect
0
Keith Maldonado 2016-11-14

Even its European manager, Terry Von Bibra, wasn t quite sure when he started at the company a few years ago.

Alibaba was founded in 1999 in Hangzhou, China with the intention of helping out other entrepreneurs and using the internet to level the playing field.

In 2013, it sought an IPO, receiving $25 billion - the largest IPO ever.

According to Von Bibra, it was all to do with that original ethos.

They were obsessed that a certain technology could be used by them to make the world a better place.

Originally a b2b business, Alibaba now has 18 different platforms, from a hugely popular online sales platform like Amazon, to mobile media and entertainment, local services and a cloud business.

collect
0
Jim Evans 2017-11-04
img

This is the second part of an in-depth interview with former Alibaba VP Porter Erisman, who has devoted his time to writing books and advising internet companies after leaving the Chinese tech giant.

His second book Six Billion Shoppers released a little over a month ago.

While the first book Alibaba’s World provided an insider’s view of the growth of Alibaba and its founder Jack Ma from their formative years of ecommerce in China in 2000, Six Billion Shoppers draws upon Erisman’s travels in emerging ecommerce markets across Asia, Africa, and Latin America.

Amazon, I think, is really going to start looking at Southeast Asia in a serious way because it’s very well set up to sell cross-border into these emerging markets.

“Sorting out the irrigation routes required the co-ordination of the entire village.”

Later he came across a 2014 study in the journal Science that presented a “rice theory of culture.” The researchers’ hypothesis was that the standing water required for rice cultivation fosters a more collectivist view than wheat farming that just needs rain.

collect
0
David Bierman 2017-11-15
img

Alibaba Group Holding Ltd. BABA -0.17% is reassigning the head of its struggling digital media and entertainment arm after just over a year on the job.

Yu Yongfu, who became chairman and chief executive of Alibaba’s Digital Media and Entertainment Group in October 2016, will step down Dec. 1 and take on a new job in strategic investments in a different unit of the company, Hangzhou-based Alibaba said.

With Mr. Yu’s departure, Alibaba said the entertainment and media divisions will be “managed by committee with a rotating leader system to nurture the next generation of leaders for this business.” The committee of six will report to Alibaba Group CEO Daniel Zhang.

“At Alibaba, change is the only constant,” Mr. Zhang said.

“We change in service of our future and we change in service of our customers.

The changes we embrace today will open doors to new triumphs tomorrow.”

collect
0
Reginald Carson 2018-09-11
img

(Reuters) – China’s largest e-commerce firm, Alibaba Group Holding Ltd, has ceded control of its Russian business to form a new venture with a state fund and two technology firms, hoping that access to their consumer base with help boost its development.

Alibaba will own 48 percent of AliExpress Russia as a result of the deal signed with Russian Direct Investment Fund, mobile operator Megafon and internet group Mail.ru during Russia’s Eastern Economic Forum on Tuesday.

The three Russian entities will have a combined 52 percent stake in the e-commerce platform after contributing cash, shares and other assets.

“By partnering with Russia’s leading consumer internet platform, AliExpress Russia will leverage Mail.ru Group’s 100 million internet users across its social media, messaging, e-mail and online games properties,” the companies said.

“With access to this unique platform and user base, the JV will fill a highly complementary role in the Russian consumer lifestyle value chain, creating a one-stop platform for social, communications, gaming and shopping.”

Alibaba will contribute AliExpress Russia to the new JV, while Megafon will swap its 10 percent stake in Mail.ru for a 24 percent stake in AliExpress Russia.

collect
0
Daniel Patel 2017-09-26
img

BEIJING— Alibaba Group Holding Ltd. BABA -4.80% has become the majority owner of its logistics affiliate, a move that could allay concerns over financial transparency that drew the attention of U.S. securities regulators last year.

Alibaba is investing 5.3 billion yuan ($800.8 million) to raise its stake to 51% from 47% in Cainiao Smart Logistics Network Ltd.

It will also invest 100 billion yuan ($15.11 billion) over the next five years to build up its global-logistics infrastructure and development of robots sorting and fulfilling merchandise.

Cainiao helps online merchants choose from among 15 delivery firms by providing information on cost and delivery time.

About 70% of Cainiao shipments are routed by algorithms to ensure the network’s 2 million couriers get packages to customers as efficiently as possible.

Alibaba said the additional investment is part of its strategy to create a “seamless experience for shoppers.” The company said it aims to fulfill orders in China within 24 hours, and within 72 hours anywhere in the world.

collect
0
William Cutright 2017-11-11
img

Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date.

The full number comes in at 163.8 billion RMB, that’s roughly $25.3 billion, in GMV — that’s “gross merchandise volume” which is used to measure a dollar value for all sales on a platform.

In Alibaba’s case, that predominantly means its Taobao marketplace and Tmall brand store although it does offer sales via its international services and it ships worldwide.

All told, Alibaba handled 1.48 Billion transactions during the 24-hour period.

That represents an impressive 39 percent increase on last year’s sales total of RMB 120.7 billion ($17.79 billion), and it comes nicely on the heels of another blockbuster quarter in which Alibaba’s revenue surged by 61 percent thanks to its core business in China.

For comparison, Alibaba’s Single’s Day haul puts America’s largest shopping days in the corner.

collect
0
Frank Wilkerson 2019-03-12
img

After losing a preliminary copyright lawsuit last year, cryptocurrency knock-off Alibabacoin has finally rescinded and agreed to stop using the Alibaba name.

In a joint statement released on Monday, Alibabacoin and Alibaba announced they have reached an agreement which will see Alibabacoin change its name, Reuters reports.

According to the statement, the two firms have “reached a worldwide settlement of claims involving the use of the name Alibabacoin, with ABBC agreeing not to use trademarks that include the term Alibaba worldwide,” a local news outlet reports.

Having worked out their differences – or should it be similarities?

– Alibabacoin will now be known as ABBC Coin, with the parent company being known as the ABBC Foundation.

The Chinese e-commerce giant argued that Alibabacoin’s name caused confusion for its customers and was damaging to its US business.

collect
0
Jerry Turk 2018-11-10
img

Technology is really taking a front row seat in this year’s event to “gamify” consumers’ shopping experience and to showcase its successful integration of online and offline channels to bring operation efficiency.

Over the year, Alibaba has transformed multiple store fronts into smart stores with the application of virtual reality (VR) technology, facial recognition, artificial intelligence, virtual fitting and artificial intelligence.

Alibaba introduced the concept of New Retail in last year’s Double 11 when it launched 60 pop-up stores with New Retail features in 12 Chinese cities.

This year, around 100 Hema supermarkets—Alibaba’s signature cross-channel New Retail venture—will be turned into 11.11-themed stores to provide customers with a convenient, fun and smooth shopping experience.

Along with the Hema outlets, approximately 400 RT-Mart supermarkets, an Alibaba-invested hypermarket chain partly owned by the Taiwan-based company Ruentex Group, will also feature the 11.11 theme and provide shoppers with New Retail services—for example, customers who are within a three-kilometer radius of any of these supermarkets will enjoy one-hour delivery services.

If they like the product, they can add it to their Tmall or Taobao cart on the respective mobile apps and take it home after paying through Alipay or request delivery service instead.

collect
0
Ramon Delo 2016-05-19

View photosMoreA logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015.

REUTERS/Stringer/File photo

ORLANDO, Fla. Reuters - Alibaba said on Thursday it still wanted to work with companies fighting counterfeit brand-name products, a week after the Chinese online shopping platform was kicked out of an industry coalition due to long-standing accusations that it has turned a blind eye to counterfeits.

Alibaba has been dogged for years by critics who called its online shopping platforms conduits for counterfeiters.

The IACC is made up of brand manufacturers, the lawyers who represent them and investigators who help ferret out counterfeit goods.

An IACC member who attended the speech told Reuters that Evans received a less-than-warm welcome and tepid applause from the group, which is split over Alibaba s membership.

I think people are very reluctant to hear what he had to say, said member Chris Barnes of Market Watch, a company the helps brands fight counterfeits.

collect
0
Manuel Scarborough 2016-08-08
img

News: Alibaba has reportedly sent scouts to Ireland.

Alibaba is reportedly looking into setting up a data centre in Dublin, Ireland

According to the Irish Independent, representatives from the company were in Dublin last month to identify possible locations for a data centre, looking at both city sites for smaller installations and Greenfield sites for larger installations .

Currently boasting 15 colocation data centres, Dublin is noticeably a popular location for the growing data centre industry.

It was reported last year that Alibaba would invest €1bn in data centres, with the move to Ireland a potential play to challange rivals AWS, Google and Microsoft - all of which have invested a collective £2bn in data centres in West Dublin.

A spokeswoman for Eirgrid, the state-owned company that manages Ireland s power grid said, told the Irish Independent: There is approximately 550MW of data centres with either contracted capacity for connection to the power grid or engaging with us on the connection offer process.

collect
0
Larry Armitage 2018-12-06
img

Alibaba achieved a new record high of RMB 213.5 billion ($30.8 billion) gross merchandise volume, 27% up over last year while JD.com recorded RMB 159.8 billion ($23 billion) sales over 11 days from Nov. 1 to 11, 26% up from the same period last year.

Overall e-commerce sales grew 23.7% year-over-year this Singles’ Day, compared to last years’ 43.5% growth, according to data from Syntun, a China-based data services company.

Year-over-year retail growth in May and October 2018, grew at 8.5% and 8.6%, respectively, the slowest since June 2003, according to China’s National Bureau of Statistics.

China’s economic outlook remained uncertain throughout this year owing to the complication of the national deleveraging to ease debts and threats from the China-US trade tension.

On the other hand, the drop was a reasonable adjustment to the enduring strong retail growth over the years as the Chinese middle-class cooled down on their shopping frenzy.

Amid higher borrowing costs, their attention diverted to more immediate obligations of mortgage and loans.

collect
0
Robert Woodward 2016-07-31

Just before the stores open in Tokyo s Akihabara electronics district, buses pull up, unleashing Chinese tourists and their credit cards to snap up televisions, rice cookers and other gadgets.

Walk into any department store and there they are, buying mascara, t-shirts and other merchandise.China s infatuation with Japanese products is now discovering a new source of satisfaction: the internet.

And Amazon.co.jp is responding.On June 30, the web retailer quietly rolled out a Chinese-language version of its shopping site in Japan, along with new, reduced shipping rates to mainland homes and businesses.

It s another example of how Amazon.com Inc. is evolving in Asia to open up new streams of revenue and make up for the lack of a bigger presence in China, where Alibaba Group Holding Ltd. dominates.

Underscoring that potential, e-commerce demand from China to Japan is projected to almost triple to 2.34 trillion yen $22.5 billion in 2019, according to Japan s Ministry of Economy, Trade and Industry.

The opportunity is huge, said Jasper Cheung, president of Amazon Japan.

Betty Saliba 2016-11-21

I m Fred Raillard, Creative CEO, Co-founder and Creative Chief Officer with Farid Mokart of FRED & FARID, a social, content, tech solutions for brands company based in New York, Paris and Shanghai.

I fell in love with China, and live in Shanghai with my wife and three sons since September 2012.

Thanks to Zhuomin Qin, Feng Huang, Jalila Levesque, Jules Chaffiotte, Radouane Guissi, Yi Zhang, Ying Zhang, Aliou Maro, Tina Liu, Louis Caudevilla, Dushan Karageorgevitch, Jing Qian, Jonathan Roy, Maxime Aubanel and Antoine Robin for their participation to this chronic.

Chinese e-shoppers spend billions on Alibaba Single s Day

The HotBrand this week is Tmall, with the 11/11 November 11 .

This used to be the celebration of single people the Single s Day , and has become since a few years now a huge celebration of e-commerce in China.

George Mitchell 2016-10-12
img

PlaceIQ has a new, big-name investor — Chinese e-commerce giant Alibaba.

The companies aren t disclosing the size of the deal; they ll only say that it s a strategic, minority investment, and that it s an addition to the $25 million round that PlaceIQ announced at the beginning of this year.

Co-founder and CEO Duncan McCall told me this is part of a larger partnership, where Alibaba will be using PlaceIQ s technology.

I don t want to speak for Alibaba , but in my mind, they didn t want to invest in a company — they wanted to find a strategic partner, McCall said.

PlaceIQ combines location data with first-party data from marketers to provide a fuller understanding of consumer behavior — not just whether someone s visited a car dealership, for example, but whether they re actually shopping for a car, and what kinds TV stations they re likely to watch.

McCall said Alibaba could use PlaceIQ s technology in a variety of ways, including marketing, product recommendations and providing data for broader decision-making.

Jim Evans 2017-11-04
img

This is the second part of an in-depth interview with former Alibaba VP Porter Erisman, who has devoted his time to writing books and advising internet companies after leaving the Chinese tech giant.

His second book Six Billion Shoppers released a little over a month ago.

While the first book Alibaba’s World provided an insider’s view of the growth of Alibaba and its founder Jack Ma from their formative years of ecommerce in China in 2000, Six Billion Shoppers draws upon Erisman’s travels in emerging ecommerce markets across Asia, Africa, and Latin America.

Amazon, I think, is really going to start looking at Southeast Asia in a serious way because it’s very well set up to sell cross-border into these emerging markets.

“Sorting out the irrigation routes required the co-ordination of the entire village.”

Later he came across a 2014 study in the journal Science that presented a “rice theory of culture.” The researchers’ hypothesis was that the standing water required for rice cultivation fosters a more collectivist view than wheat farming that just needs rain.

Reginald Carson 2018-09-11
img

(Reuters) – China’s largest e-commerce firm, Alibaba Group Holding Ltd, has ceded control of its Russian business to form a new venture with a state fund and two technology firms, hoping that access to their consumer base with help boost its development.

Alibaba will own 48 percent of AliExpress Russia as a result of the deal signed with Russian Direct Investment Fund, mobile operator Megafon and internet group Mail.ru during Russia’s Eastern Economic Forum on Tuesday.

The three Russian entities will have a combined 52 percent stake in the e-commerce platform after contributing cash, shares and other assets.

“By partnering with Russia’s leading consumer internet platform, AliExpress Russia will leverage Mail.ru Group’s 100 million internet users across its social media, messaging, e-mail and online games properties,” the companies said.

“With access to this unique platform and user base, the JV will fill a highly complementary role in the Russian consumer lifestyle value chain, creating a one-stop platform for social, communications, gaming and shopping.”

Alibaba will contribute AliExpress Russia to the new JV, while Megafon will swap its 10 percent stake in Mail.ru for a 24 percent stake in AliExpress Russia.

William Cutright 2017-11-11
img

Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date.

The full number comes in at 163.8 billion RMB, that’s roughly $25.3 billion, in GMV — that’s “gross merchandise volume” which is used to measure a dollar value for all sales on a platform.

In Alibaba’s case, that predominantly means its Taobao marketplace and Tmall brand store although it does offer sales via its international services and it ships worldwide.

All told, Alibaba handled 1.48 Billion transactions during the 24-hour period.

That represents an impressive 39 percent increase on last year’s sales total of RMB 120.7 billion ($17.79 billion), and it comes nicely on the heels of another blockbuster quarter in which Alibaba’s revenue surged by 61 percent thanks to its core business in China.

For comparison, Alibaba’s Single’s Day haul puts America’s largest shopping days in the corner.

Jerry Turk 2018-11-10
img

Technology is really taking a front row seat in this year’s event to “gamify” consumers’ shopping experience and to showcase its successful integration of online and offline channels to bring operation efficiency.

Over the year, Alibaba has transformed multiple store fronts into smart stores with the application of virtual reality (VR) technology, facial recognition, artificial intelligence, virtual fitting and artificial intelligence.

Alibaba introduced the concept of New Retail in last year’s Double 11 when it launched 60 pop-up stores with New Retail features in 12 Chinese cities.

This year, around 100 Hema supermarkets—Alibaba’s signature cross-channel New Retail venture—will be turned into 11.11-themed stores to provide customers with a convenient, fun and smooth shopping experience.

Along with the Hema outlets, approximately 400 RT-Mart supermarkets, an Alibaba-invested hypermarket chain partly owned by the Taiwan-based company Ruentex Group, will also feature the 11.11 theme and provide shoppers with New Retail services—for example, customers who are within a three-kilometer radius of any of these supermarkets will enjoy one-hour delivery services.

If they like the product, they can add it to their Tmall or Taobao cart on the respective mobile apps and take it home after paying through Alipay or request delivery service instead.

Manuel Scarborough 2016-08-08
img

News: Alibaba has reportedly sent scouts to Ireland.

Alibaba is reportedly looking into setting up a data centre in Dublin, Ireland

According to the Irish Independent, representatives from the company were in Dublin last month to identify possible locations for a data centre, looking at both city sites for smaller installations and Greenfield sites for larger installations .

Currently boasting 15 colocation data centres, Dublin is noticeably a popular location for the growing data centre industry.

It was reported last year that Alibaba would invest €1bn in data centres, with the move to Ireland a potential play to challange rivals AWS, Google and Microsoft - all of which have invested a collective £2bn in data centres in West Dublin.

A spokeswoman for Eirgrid, the state-owned company that manages Ireland s power grid said, told the Irish Independent: There is approximately 550MW of data centres with either contracted capacity for connection to the power grid or engaging with us on the connection offer process.

Rodney Edson 2017-07-07
img

Alibaba has launched its own home assistant device, similar to Amazon’s Echo, as China’s internet giants races to capture a growing share of the market.

Dubbed the “Tmall AliGenie”, the device is powered by the “AliGenie” voice assistant system and is similar to the Amazon Echo.

The Genie X1 is being seen as another way of Alababa to cement its leading position in the Chinese e-commerce market.

By simply vocalising their requests to the Genie, consumers can order anything from the latest smartphones to imported snacks on the Tmall marketplace.

It can also keep users updated on the delivery progress of their order.

“The Tmall Genie X1 will help connect users to Tmall in a more personal way, and could allow Alibaba to sell more smart home devices by being linked up to the Genie,” said Kitty Fok, managing director for research firm IDC China.

Harvey Broughton 2017-12-05
img

Alibaba has committed RMB10bn (US$1.5bn) over the next five years to help alleviate poverty in China with the establishment of a charity fund.

The Alibaba Poverty Relief Fund aims to help improve the livelihood of China’s poor with a focus on education, entrepreneurship, empowering women and environmental protection.

The investment will come from Alibaba employees and its 36 partners with additional support from the Alibaba Foundation, a charity established in 2011 that takes in 0.3% of Alibaba’s annual revenue to support social responsibility initiatives.

Poverty alleviation work will also be a key focus of Alibaba Foundation for the next five years.

Alibaba will also offer technology and expertise from its ecommerce, logistics, payment and financial service platforms to help China’s rural population use the power of the internet to improve their lives.

The fund will be led by four Alibaba executives, who will each serve as vice chairs, including executive vice chairman Joe Tsai, chief executive officer Daniel Zhang and Alibaba partners Lucy Peng and Eric Jing, under president Shao Xiaofeng.

Keith Maldonado 2016-11-14

Even its European manager, Terry Von Bibra, wasn t quite sure when he started at the company a few years ago.

Alibaba was founded in 1999 in Hangzhou, China with the intention of helping out other entrepreneurs and using the internet to level the playing field.

In 2013, it sought an IPO, receiving $25 billion - the largest IPO ever.

According to Von Bibra, it was all to do with that original ethos.

They were obsessed that a certain technology could be used by them to make the world a better place.

Originally a b2b business, Alibaba now has 18 different platforms, from a hugely popular online sales platform like Amazon, to mobile media and entertainment, local services and a cloud business.

David Bierman 2017-11-15
img

Alibaba Group Holding Ltd. BABA -0.17% is reassigning the head of its struggling digital media and entertainment arm after just over a year on the job.

Yu Yongfu, who became chairman and chief executive of Alibaba’s Digital Media and Entertainment Group in October 2016, will step down Dec. 1 and take on a new job in strategic investments in a different unit of the company, Hangzhou-based Alibaba said.

With Mr. Yu’s departure, Alibaba said the entertainment and media divisions will be “managed by committee with a rotating leader system to nurture the next generation of leaders for this business.” The committee of six will report to Alibaba Group CEO Daniel Zhang.

“At Alibaba, change is the only constant,” Mr. Zhang said.

“We change in service of our future and we change in service of our customers.

The changes we embrace today will open doors to new triumphs tomorrow.”

Daniel Patel 2017-09-26
img

BEIJING— Alibaba Group Holding Ltd. BABA -4.80% has become the majority owner of its logistics affiliate, a move that could allay concerns over financial transparency that drew the attention of U.S. securities regulators last year.

Alibaba is investing 5.3 billion yuan ($800.8 million) to raise its stake to 51% from 47% in Cainiao Smart Logistics Network Ltd.

It will also invest 100 billion yuan ($15.11 billion) over the next five years to build up its global-logistics infrastructure and development of robots sorting and fulfilling merchandise.

Cainiao helps online merchants choose from among 15 delivery firms by providing information on cost and delivery time.

About 70% of Cainiao shipments are routed by algorithms to ensure the network’s 2 million couriers get packages to customers as efficiently as possible.

Alibaba said the additional investment is part of its strategy to create a “seamless experience for shoppers.” The company said it aims to fulfill orders in China within 24 hours, and within 72 hours anywhere in the world.

Frank Wilkerson 2019-03-12
img

After losing a preliminary copyright lawsuit last year, cryptocurrency knock-off Alibabacoin has finally rescinded and agreed to stop using the Alibaba name.

In a joint statement released on Monday, Alibabacoin and Alibaba announced they have reached an agreement which will see Alibabacoin change its name, Reuters reports.

According to the statement, the two firms have “reached a worldwide settlement of claims involving the use of the name Alibabacoin, with ABBC agreeing not to use trademarks that include the term Alibaba worldwide,” a local news outlet reports.

Having worked out their differences – or should it be similarities?

– Alibabacoin will now be known as ABBC Coin, with the parent company being known as the ABBC Foundation.

The Chinese e-commerce giant argued that Alibabacoin’s name caused confusion for its customers and was damaging to its US business.

Ramon Delo 2016-05-19

View photosMoreA logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015.

REUTERS/Stringer/File photo

ORLANDO, Fla. Reuters - Alibaba said on Thursday it still wanted to work with companies fighting counterfeit brand-name products, a week after the Chinese online shopping platform was kicked out of an industry coalition due to long-standing accusations that it has turned a blind eye to counterfeits.

Alibaba has been dogged for years by critics who called its online shopping platforms conduits for counterfeiters.

The IACC is made up of brand manufacturers, the lawyers who represent them and investigators who help ferret out counterfeit goods.

An IACC member who attended the speech told Reuters that Evans received a less-than-warm welcome and tepid applause from the group, which is split over Alibaba s membership.

I think people are very reluctant to hear what he had to say, said member Chris Barnes of Market Watch, a company the helps brands fight counterfeits.

Larry Armitage 2018-12-06
img

Alibaba achieved a new record high of RMB 213.5 billion ($30.8 billion) gross merchandise volume, 27% up over last year while JD.com recorded RMB 159.8 billion ($23 billion) sales over 11 days from Nov. 1 to 11, 26% up from the same period last year.

Overall e-commerce sales grew 23.7% year-over-year this Singles’ Day, compared to last years’ 43.5% growth, according to data from Syntun, a China-based data services company.

Year-over-year retail growth in May and October 2018, grew at 8.5% and 8.6%, respectively, the slowest since June 2003, according to China’s National Bureau of Statistics.

China’s economic outlook remained uncertain throughout this year owing to the complication of the national deleveraging to ease debts and threats from the China-US trade tension.

On the other hand, the drop was a reasonable adjustment to the enduring strong retail growth over the years as the Chinese middle-class cooled down on their shopping frenzy.

Amid higher borrowing costs, their attention diverted to more immediate obligations of mortgage and loans.