Alibaba

These companies raised the most money this week: Mango Excellent Media, Gojek, Cato Networks, and more.Read More

He may be one of the most powerful and wealthy businessmen in the world, but that didn’t stop Jack Ma from having his Ant Group IPO – which was to be the world’s biggest – stopped in its tracks by China’s President Xi Jinping. The Wall Street Journal recently reported…

Imagine this: you are an entrepreneur leading a small garment store or boutique. For your next production order, you can simply access an online portal, input the design elements of your new collection, along with the colors, sizes, and quantities, and have personalized items like coats and jackets delivered to…

What happened: When you buy a product online, chances are it will be through one of just six companies. Unbelievably, almost 60 percent of global e-commerce is concentrated in a handful of retailers. Four of these are Chinese, of which Alibaba Group owns two. Taobao and Tmall, according to Activate…

As online shopping merges with entertainment and celebrity culture, retailers with a fun sales process will be the winners according to Maggie Zhou, Managing Director of Alibaba Group (Australia and NZ). Ms Zhou made this observation during Alibaba’s 11.11 Global Shopping Festival, which has been held on 11th November for the last…

Alibaba plans to invest in Mango Excellent Media Mango Excellent Media announced that the company planned to transfer 5.26% of the company’s equity through an agreement through public solicitation of transferees. On November 16, 2020, the company received a notice from the controlling shareholder, Mango Media, and communicated and contacted…

Farfetch, or 发发奇 fā fā qí. Chinese ecommerce giant Alibaba and Swiss luxury group Richemont will invest a combined $1.1 billion in U.K.-based online luxury retailer Farfetch, in a move that aims to capitalize on China’s growing luxury-goods market. Richemont (the company founded by a South African who owns Cartier) and…

The Xiamen International Center has been 24 years in the making China’s Singles Day shopping celebration concluded last week with a record $74 billion in deals recorded, including finding a new match for one of the country’s spinster real estate projects. Thanks to Alibaba’s Taobao website, which is best known…

Illustration by Derek Zheng On November 11, Qianxun Spatial Intelligence Inc. (Qianxun SI), a Chinese high-precision positioning and navigation provider, announced it will power the latest electric vehicles of Xpeng Motors, the New York–listed EV startup and a Tesla rival. Earlier, on October 30, Huawei announced (in Chinese) that its new flagship…

Jingdong (JD.com) annual active customer accounts increased by 32.1% to 441.6 million in the 12 months ended September 30, 2020 from 334.4 million in the twelve months ended September 30, 2019.In comparison, Pinduoduo’s annual active customers grew to 731.3 million and Alibaba’s 757 million.JD RetailSubscribers of JD PLUS, JD.com’s paid…