Alibaba

October 19, 2020 By CIW TeamAlibaba today announced it will invest approximately USD3.6 billion in respect of Sun Art Retail Group Limited (Sun Art), a leading hypermarket and supermarket operator in China, that will raise its aggregate direct and indirect stake to approximately 72% . As part of the transaction,…

In a year of exceptional pressure on growth, the BrandZ™ Top 100 Most Valuable Chinese Brands gained 12% in value, in the 10th edition of the ranking revealed by WPP and Kantar. The Top 100 Chinese brands increased their worth by $106.8 billion to reach $996.4 billion, demonstrating the resilience…

The Ant Group Co. logo and the Alibaba Group Holding Ltd. logo are displayed behind a reception desk at the company's headquarters in Hangzhou, China, on Monday, Sept. 28, 2020.Qilai Shen | Bloomberg | Getty ImagesGUANGZHOU, China — Ant Group has won approval from the Chinese securities regulator for the…

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Washington is increasingly hostile to Chinese firms. Not Wall StreetCHINESE FIRMS get a frosty reception in America these days. President Donald Trump is a relentless China-basher. His administration has tried to crush Huawei, a telecoms giant, ban TikTok and WeChat, two popular Chinese-owned apps, and expel Chinese companies listed on…

Alibaba Group and Dufry AG, a global duty free shop operator, have entered into a collaboration to jointly explore and invest in opportunities in China to develop the travel retail business and to enhance Dufry’s digital transformation. The parties will incorporate a Joint Venture (JV) owned 51% by Alibaba Group…

Logistics company Cainiao’s smart warehouse (Source: Alizila) Cainiao Smart Logistics Network announced a partnership to launch a charter program with Atlas Air Worldwide Holdings, Inc. on Tuesday to enhance its logistics network as cross-border trade between China and Latin America continues to expand. Starting from November, US-based cargo airline Atlas…

The big picture: Alibaba’s share price has climbed by 42 percent this year, bringing its valuation to $800 billion. The growth has boosted investor confidence in the company, which is projected to climb to even greater heights in the mid to long term. With over 750 million users in China,…

Chinese e-commerce giant Alibaba (NYSE: BABA) continues to try and fend off its challenger Pinduoduo (NASDAQ: PDD) at a time when the two companies’ user bases are increasingly overlapping. By the end of June, Alibaba’s annual active consumers on its China retail marketplaces reached 742 million, while Pinduoduo accumulated 683.2…

TLDR: Take an extra 20 percent off these already heavily discounted gadgets as part of the 10.10 Shopping Day deals. If you thought Black Friday was the world’s biggest shopping day, then you’re only focused on North America. Because when you take the entire globe into consideration, the single biggest…