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Retail Asia05/06/2018

The technology world’s most bruising battle for supremacy is taking place in China. And it could point to Big Tech’s future everywhere else, too. Tencent Holdings and the Alibaba Group are ratcheting up their no-holds-barred contest to dominate the ways 770 million internet users communicate, shop, get around, entertain themselves and even invest their savings […]

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Retail Asia23/04/2018

China’s Alibaba Group will partner with the Thai government to build a smart digital trading hub in Thailand while also working to develop its capabilities in e-commerce, digital logistics, tourism and training. Alibaba says it will work with Thailand on everything from boosting efficiencies in trade to educating Thai entrepreneurs and SMEs in digital commerce. […]

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Retail Asia19/02/2018

Chinese business news website Jiemian has released its annual China Rich List, detailing the country’s wealthiest individuals. All 1,000 billionaires on the list have a minimum net worth of approximately RMB30 billion (US$4.7 billion), while Pony Ma, the Tencent founder who sits at the top of the list, is worth an estimated RMB282 billion. While some of […]

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Retail Asia23/11/2017

In 1999, when Alibaba was founded, the first association people would make was “Ali Baba” from the Arabian literature masterpiece “One Thousand and One Nights”. Jack Ma said he chose it for this reason, it was a name able to resonate in people’s mind all over the world. In less than 3 years, the name […]

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Retail Asia23/11/2017

Jack Ma has some blunt advice to startups: “If it’s hot, forget it.” “By that time everyone is doing it. It’s too late,” Ma told attendees of the Jumpstarter 2017 finale at the Hong Kong Exhibition and Convention Centre last night. Ma, who shared the stage with Hong Kong chief executive Carrie Lam, was on […]

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Retail Asia12/10/2017

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Now in its third year, the forum is the country’s biggest e-payment event. World famous billionaire and Alibaba chairman Jack Ma is expected to visit Hanoi next month to attend a forum on e-payment services. Now in its third year, the annual Vietnam E-Payment Forum, provides an opportunity for the government, experts and businesses to […]

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Retail Asia28/03/2017

Jack Ma is one of China’s richest men, with a fortune valued at nearly $30 billion. As executive chairman of Alibaba Group, he leads the dominant force in Chinese e-commerce, a company with a market value of $264 billion and some 450 million customers. A global ambassador for Chinese business, he spent 800 hours aloft […]

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Retail Asia05/03/2017

Thanks to the rapid development of China’s e-commerce industry, over 1,000 “Taobao villages” across the country are turning poor communities into huge online retail hubs, creating more than 840,000 job opportunities. These villages are so-named because at least 10 per cent of the population living in these rural communities makes its living by selling products […]

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Retail Asia06/02/2017

Alibaba chairman Jack Ma was the guest of honour at an opening ceremony for a regional headquaters of the Chinese e-commere company, in Melbourne on Saturday. “We succeed by helping others, by being helped by others. We succeed because we empower the small business,” Jack Ma told the audience. “So our vision in the next […]

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Retail Asia23/01/2017

Alibaba founder Jack Ma says business globalisation is good – but not yet good enough. I believe globalisation needs to be improved,” Ma told an audience during the second day of the World Economic Forum annual meeting in Davos overnight. “Globalisation, I think, should be inclusive globalisation.” Probed by interviewer New York Times columnist Andrew […]

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Retail Asia08/11/2016

Legendary Los Angeles Laker Kobe Bryant will join Katy Perry as the headline celebrities in Alibaba’s 11.11 Countdown Gala Celebration on November 10. US pop-rock band OneRepublic has also been confirmed, likely to perform its hit song Counting Stars Alibaba had earlier named Katy Perry as a “global ambassador” for the gala, which is being […]

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Retail Asia18/10/2016

The U-Freight Group has welcomed the call for the establishment of an electronic world trade platform (eWTP) whose objective would be to reduce barriers to make it easier for small and medium-sized enterprises to expand their trading capabilities worldwide. The call was made recently by Jack Ma, executive chairman of e-commerce giant Alibaba Group, who […]

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Retail Asia06/09/2016

Indonesia has asked the chairman of China’s Alibaba Group Holding Ltd, Jack Ma, to act as adviser in the development of the Southeast Asian country’s nascent e-commerce industry, according to a video released by the government. Indonesia has the world’s fourth-largest population, boasting a young, internet-savvy demographic, and a thriving e-commerce market that is increasingly […]

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Retail Asia27/06/2016

On Tuesday, founder and chairman of Alibaba Group Holding Ltd, Jack Ma wrote to its investors, customers, and traders highlighting that his recent words about counterfeited goods was taken out of context and his company has no tolerance for fake goods trading on its e-commerce portal. Mr. Ma said in his article: “When Alibaba went […]

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Retail Asia23/06/2016

Chinese eCommerce pioneer Jack Ma has unveiled an Alibaba expansion plan aiming to quadruple its customer numbers to 2 billion by 2036. Alibaba is also aiming for a record 6 trillion yuan (US$912 billion) in gross merchandise volume (GMV) in 2020 from 3.09 trillion yuan this year. Ma has also pledged to intensify the fight […]

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Retail Asia07/06/2016

Alibaba Group is raising its profile here in a slow, yet unconventional way, as its business strategy is far from that of other companies whose primary goal is to maximize profit. China’s largest e-commerce company was not well known to Korean customers before it surprised the world in 2014 with its record-breaking initial public offering […]

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Retail Asia27/05/2016

After Alibaba had its IACC membership suspended, founder Jack Ma has cancelled his keynote address to the counterfeit-fighting group’s conference. Ma was to have been a drawcard speaker at this week’s two-day annual spring conference of the International AntiCounterfeiting Coalition (IACC) in Orlando, Florida, an event that attracts more than 500 leaders from business, law, security […]

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Retail Asia07/04/2016

Alibaba Group executive chairman Jack Ma wants to knock down barriers to global eCommerce by creating a business-driven, Internet-based platform that will function something like the World Trade Organization – but without all the controversy. Speaking at the Boao Forum for Asia, the founder of the world’s largest eCommerce company called for the establishment of […]

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Retail Asia15/03/2016

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China’s Alibaba Group Holding Ltd said it has signed a deal for a $3 billion five-year loan, which will help the e-commerce giant as it snaps up stakes in companies within China and overseas. Alibaba, led by founder Jack Ma, has been expanding in areas beyond its core e-commerce base, such as online video, as […]

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Retail Asia15/03/2016

Apple has confirmed that its alliance with China’s state-owned bankcard association, China UnionPay, will allow the lender’s cardholders to use Apple Pay from 3rd week of February. The union between Apple and UnionPay was announced late last year, but was subject to various approvals. Shoppers around the world are being encouraged to use smartphones instead […]

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