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Retail Asia01/02/2019

Alibaba Group sales soared 41 per cent in the December quarter as its customer based neared 700 million. The Chinese company’s turnover for the three months reached US$17.057 billion and its net income attributable to shareholders $4.807 billion. “Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving […]

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Retail Asia17/03/2017

Alibaba plans to form independent research and development teams to build up core technologies that support its vision of serving 2 billion people in the future. The giant e-commerce and technology company unveiled its grand plan at its inaugural tech summit, “New Technology, New Future”, at its Hangzhou headquarters in China. About 5000 engineers attended, […]

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Retail Asia13/03/2017

Sales of South Korea’s online shopping malls rose dramatically in recent months helped by the growing number of Chinese customers. Data released this week shows the Korean online industry growth is happening amid China’s retaliation against South Korea over Seoul’s plans to deploy an advanced US missile defense system on its soil. WeMakePrice, a major […]

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Retail Asia06/03/2017

The closures of a number of retail and luxury brand giants on China’s e-commerce platforms indicate that retail competition is no less fierce online than offline. It is old news that the Chinese market is highly competitive and unlike any other market in the world. What may sell on the high street in London is […]

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Retail Asia01/02/2017

The third-party logistics market in China to grow at a CAGR of 10.16% during the period 2017-2021. Third Party Logistics Market in China 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also […]

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Retail Asia19/12/2016

Irish retailer Musgrave is to begin exporting SuperValu own brand products to China. It will initially supply up to 40 own brand products – including SuperValu breakfast cereals, coffee, jam, biscuits and healthy snacks amongst a range of other goods. Musgrave has agreed a partnership with Alibaba Group, and will use its Tmall Global ecommerce […]

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Retail Asia13/12/2016

High-level witnesses attended the signing of a letter of intent in China that will see Thailand co-operate with Alibaba on eCommerce initiatives. Thailand’s deputy prime minister Somkid Jatusripitak was invited by the eCommerce giant to its headquarters in Hangzhou to witness the signing alongside Alibaba Group executive chairman Jack Ma. Initiatives covered by the agreement […]

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Retail Asia24/11/2016

As part of its aim to have digital strategy as the core of its business, Japanese department store company Isetan Mitsukoshi Holdings is preparing to launch an online store. It has started tests leading up to its launch this month of its first online store on Alibaba Group Holding’s Tmall Global. In the first half […]

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Retail Asia22/11/2016

Chinese eCommerce giant Alibaba Group Holding plans to invest 2.1 billion yuan (US$305 million) in supermarket chain Sanjiang Shopping Club. Sanjiang’s share were suspended by the Shanghai stock exchange on November 8, with trading resuming today. Under the terms of the deal, according to stock-exchange filings, Alibaba will subscribe to a private placement in Sanjiang, […]

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Retail Asia08/11/2016

While China’s economy goes through a sluggish patch, internet shopping mall giant Alibaba Group has announced a sparkling quarter in which profit beat expectations, its fledgling cloud computing business more than doubled sales, and its entertainment income quadrupled. “Our results reflect our increasing ability to monetise our 450 million mobile users through new and innovative […]

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Retail Asia01/11/2016

Alibaba Group Holding, the world’s largest e-commerce company, is expected to report another strong quarter of sales in the three months to September 30, as its preparations intensify for the Singles’ Day online shopping festival next week. Analysts estimated New York-listed Alibaba’s total second-quarter revenue for its fiscal year that ends March would increase about […]

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Retail Asia07/10/2016

eCommerce group Lazada Indonesia says its current volume growth has accelerated to more than 150 per cent than at the same time last year. Key contributing categories are FMCG and fashion, which are both growing more than three times as much as last year. Also, about 80 per cent of the orders are via mobile […]

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Retail Asia23/09/2016

images.financialexpress.com201603alibaba-l-reuters-ea5fc6c4762dd249339cab61c4356b1190d6cce0.jpg

Alibaba Group Holding has surpassed Tencent Holdings and China Mobile in market capitalisation to become Asia’s richest company. Alibaba’s market value rose to US$261 billion in New York last week, overtaking Tencent’s US$255.98 billion capitalisation in Hong Kong on Thursday during a trading week shortened by a public holiday. China Mobile was the region’s third-largest […]

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Retail Asia07/09/2016

Australian wines are set to get a big boost in China from e-commerce giant Alibaba Group’s latest venture. An online “flagship store” featuring Australian wine has been launched on Alibaba’s business-to-consumer platform Tmall.com. Alibaba’s online retail sites cater to 434 million Chinese consumers, and the group generates half of China’s online wine sales. The new […]

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Retail Asia06/09/2016

An inaugural 9.9 Alibaba Global Wine & Spirits Festival will be held next week through Tmall.com. Alibaba Group will bring 100,000 international wines, cognacs, whiskeys and other beverages from 50 countries to Chinese consumers through Tmall.com. Brands such as Gallo Family Vineyards and Robert Mondavi Winery of the US, France’s Lafite and Japan’s Suntory Yamazaki […]

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Retail Asia20/07/2016

Alibaba and Kodak have teamed up in a new business venture using high technology to fight fake goods being traded online. The cameras and film that helped build the Eastman Kodak empire, launched in 1888, are long gone, but the company has found new life authenticating products. With a history of research and hundreds of […]

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Retail Asia18/07/2016

Chinese eCommerce giant Alibaba Group Holding plans to open a virtual-reality technology (VR) demonstration shop this month, with the technology to roll out by the end of the year. Its VR product is designed for online shopping. Alibaba’s 400 million customers will have their buying experience enhanced by wearing a VR helmet or glasses designed […]

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Retail Asia06/07/2016

Chinese online commerce giant Alibaba Group has hosted an inaugural Rights Holders Collaboration Summit involving international brands and the intellectual property (IP) enforcement community to enhance collaboration in the fight against infringements. More than 100 Chinese and international brands as well as trade associations attended the event, including Adidas, Apple, Burberry, Hewlett Packard, Louis Vuitton […]

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Retail Asia06/06/2016

Trending technology and the fast-changing tastes and behaviours of consumers and the market will all be in the spotlight at the eighth Retail Asia Expo (RAE), the award-winning flagship industry event in Asia for retailers. Organised by Diversified Communications Hong Kong and at Hong Kong Convention & Exhibition Centre (HKCEC) from June 14 to 16, […]

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Retail Asia11/05/2016

Online marketplaces, those giant shopping sites like eBay and Amazon Marketplace, can be a mixed blessing for brands and merchants. Marketplaces offer retailers broad exposure to millions of consumers, as well as delivery, payment and other solutions. Still, most marketplaces leave merchants wanting in one very important aspect: brand control. While the platforms provide virtual […]

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