Alibaba

Fosun’s Guo Guangchang is shopping more assets Warehouse bargains lead Mingtiandi’s list of real estate headlines today as debt-laden Fosun is said to be looking for a buyer for its stake in Alibaba’s logistics unit. Also in the news, the UK’s Actis buys up more renewables in India and connectivity…

Keeping quiet on the final results of Double 11, China’s biggest e-commerce giants face stiff competition and changing consumer sentiment.  As the 14th Double 11 came to an end, depressed consumer sentiment in China and the huge shift in consumption habits meant that this year’s shopping festival didn’t reach the feverish growth…

Chinese social e-commerce platform Xiaohongshu’s valuation in the private equity market has declined by as much as 50% in a year, Financial Times reported on Nov. 20. Backed by Alibaba and Tencent, the company was valued at $20 billion in the latest financing round last November, however, the report said…

Chinese e-commerce firm JD posted an 11.4% growth to RMB 243.5 billion ($34.2 billion) in its third-quarter net revenues during the ongoing economic downturn. In comparison, rival Alibaba’s revenue only rose 3% from last year. JD also recorded a net income of RMB 6 billion through cost-saving measures from a…

On Thursday, Chinese e-commerce giant Alibaba posted a 3% rise in third-quarter revenue from a year ago, hitting RMB 207 billion ($29 billion), slightly lower than the average estimations compiled by Yahoo Finance analysts. The company also reported a net loss of RMB 20.6 billion, which it said was mainly…

Your browser does not support the audio element. Hangzhou-based internet giant Alibaba stated on November 17 that it will not complete a primary listing in Hong Kong before the end of the year as initially planned. This delay comes as the firm struggles with slowing growth at home. “Before our…

Poor results for Tencent and Alibaba: Tech giant Tencent 腾讯 has reported revenue for the third quarter of 140.09 billion yuan ($19.87 billion), a year-on-year decrease of 2%, and profit attributable to equity shareholders of 32.25 billion yuan ($4.57 billion), an increase of 2%. Earlier today, Alibaba 阿里巴巴集团 also announced…

North West police have urged motorists to be cautious of hijackers posing as police officers. PHOTO: Brenton Geach/Gallo Images via Getty North West police have urged motorists to be cautious of hijackers who pose as cops.The warning comes after bogus traffic officers hijacked a motorist on the R501, near Potchefstroom.The…

An employee works at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 13, 2022. Toru Hanai | Bloomberg via Getty Images In Japan, the Nikkei 225 lost 0.92% to 27,006.96 and the Topix shed 0.51% to 1,895.41. The S&P/ASX 200 in…

E-commerce has been a booming retail market in many countries for several years, but in the Middle Eastern region this trend only really started to pick up steam in the last couple of years due to the COVID-19 pandemic. Even so, research by global e-commerce firm Shopify has shown that…