alibabba

Retail Asia21/11/2022

Chinese e-commerce giant Alibaba Group Holding Ltd 9988.HK posted a smaller-than-expected rise in quarterly revenue on Thursday as COVID-19 curbs and a worsening economic outlook stifled consumer spending. Retail spending in China has sagged this year with consumers frustrated by the government’s strict zero-COVID policies that have led to frequent snap lockdowns and hurt economic activity. Alibaba has also […]

Retail Asia25/04/2022

Alibaba’s supermarket chain Freshippo says it is adding more couriers to meet high demand in Shanghai but this was not yet catching up with the rising needs of locked-down residents as the city battles a surge in Covid-19 cases. Shen Li, a vice president at Alibaba Group’s Freshippo, told reporters on Sunday that while the […]

Retail Asia30/06/2021

Fast increasing online groceries demand and the high growth potential of Vietnamese e-commerce market are factors driving Chinese giant Alibaba’s investment in Vietnam. A consortium led by the Chinese e-commerce giant invested $400 million in The CrownX, a subsidiary of conglomerate Masan Group that operates retail chain WinMart. The investment was seen as a chance for […]

Retail Asia08/10/2019

Alibaba Group has bought a 33 percent equity interest in Ant Financial, pulling the financial tech giant closer to mainland China. Following the acquisition, Ant will no longer be required to pay 37.5 percent of its pre-tax profits to the e-commerce behemoth. The profit transferal agreement was brokered in 2011 following a dispute Alibaba and […]

Tag: alibabba

Alibaba quarterly revenue misses expectations as spending slows

Alibaba’s Freshippo struggles to meet demand during Shanghai lockdown

Alibaba betting big on Vietnam e-commerce potential

Alibaba Acquires One-Third of Ant Financial