Alibaba News

Alibaba and AliExpress are Chinese marketplaces selling to China and the world
By Dan Wilson September 21, 2018 - 10:22 am

Alibaba’s Ant Financial launches new suite of tech tools for businesses

Ant Financial, which is a division of Asia's biggest company Alibaba, has announced they will be offering a new suite of technology products and services under a new brand, Ant Financial Technology, to support the growth of financial institutions by improving user experience and lowering

Ecommerce in China expected to value $1.8tn in 2022

The value of ecommerce in China has been predicted to to reach $1.8tn in 2022 according to a new report by Forrester called 'Ecommerce in China: Trends and Outlook for The Largest ecommerce Market in The World'. This means that the Chinese ecommerce market will be

Alibaba to launch Aliexpress and Tmall in Russia with local partnership

Alibaba has announced it will be establishing a $2 billion joint venture with Russia's business founded by Alisher Usmanov. Usmanov, Alibaba founder Jack Ma and Russia's President Putin met when they agreed the deal. Alibaba will be launching both Aliexpress Russia and Tmall in localised versions

Jack Ma to be succeeded by Daniel Zhang on his 55th Birthday

Today Alibaba’s co-founder Jack Ma announced that one year from today, September 10, 2019, CEO Daniel Zhang will succeed Jack Ma as chairman of the board of Alibaba Group. Jack will continue as Executive Chairman over the next 12 months to ensure a smooth transition.

Alibaba’s Jack Ma retirement is fake news, but preparing succession plan

A New York Times report announced Alibaba founder Jack Ma retirement was imminent and that he had decided to “stepdown”, but it appears it might have been a bit ahead of time as the South China Morning Post refutes the story. It might not be

Alibaba and Reliance Retail in talks to take on Flipkart and Amazon in India

Eccommerce behemoth Alibaba is understood to be in talks with one of the biggest retailers in India, Reliance Retail, to explore the possibility of a joint commercial venture in the world's sixth biggest economy. It is reported that Alibaba Group will be investing in the region

Alibaba Quarterly Earnings: Revenues up 61%, Earnings Down 41%

Alibaba Quarterly Earnings reported for June 2018 saw revenue growth of 61% on a massive base beat analyst expectations. As a point of comparison, none of the FANGs or BATs (Facebook, Amazon, Apple, Netflix, Google, Baidu, and Tencent) posted revenue over 42%. Alibaba continued to add

US Retailer Kroger set to launch on Alibaba

Kroger, the 2nd biggest retailer by US sales, is set to launch a store on Alibaba’s Tmall Global platform. Kroger generated $122.7 billion in sales last year and was the world’s third-largest retailer in terms of revenue, in the US only Walmart sell more. This is a

Alibaba 88VIP tier added to 88 Loyalty Program

Alibaba has launched a new tier to their 88 loyalty program offering exclusive rewards and experiences across Alibaba’s ecosystem to top shoppers. The new tier is the Alibaba 88VIP level (“88” is pronounced “BABA” in Chinese, which is also Alibaba’s ticker on the New York