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Alibaba

Freshippo’s group buying business withdraw from Hangzhou and Nanjing

Posted inNews Feed Alibaba’s grocery chain Freshippo withdrew its group buying business from Hangzhou and Nanjing on Oct.10, leaving Shanghai as the only city to operate the business for now. The firm’s group-buy unit was considered the most important strategy for Freshippo when it launched in 2021. In April, the…
bubmag
October 10, 2022
Alibaba

China’s Farmers Leverage Village Live-Streaming to Boost Rural Economy

More than 10,000 livestreamers in China’s rural areas participated in Alibaba’s a week-long livestreaming Harvest Festival, driving its local economy with the leverage of the trending technology. The livestreaming event, sponsored by Alibaba‘s philanthropy division and Taobao Live, attracted not only the top influencers from Taobao but also the village…
bubmag
September 30, 2022
Alibaba

U.S. regulators to vet Chinese firms’ audits

BusinessPosted U.S. regulators have selected e-commerce majors Alibaba and JD.com among other U.S.-listed Chinese companies for audit inspection starting next month, following a landmark audit deal between Beijing and Washington. Louisa Naks reports. Read More
bubmag
August 31, 2022
Alibaba

Alibaba’s Maker Festival Identifies 3 Future Consumption Trends

What Happened: Between August 24 and 30, Alibaba held its seventh Taobao Maker Festival in Guangdong. This year’s theme, The Future Land, focused on technology and emphasized interactivity. Over 1,000 visitors had the opportunity to access thousands of products sold on Alibaba’s e-commerce platforms Taobao and Tmall, while online viewers…
bubmag
August 30, 2022
Alibaba

With ‘instant retail,’ brick-and-mortar stores are making a comeback

What is “instant retail”? Chinese media are using “instant retail” to describe how brick-and-mortar stores, including independent stores that are not part of a chain or franchise, are harnessing the internet (more specifically, third-party online sales and logistics networks like Meituan 美团, JD.com 京东集团, and Pinduoduo 拼多多) to become suppliers…
bubmag
August 25, 2022