All Alibaba articles
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News briefs
Alibaba logistics unit Cainiao drops IPO plans
Alibaba announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong stock exchange. The Chinese online retailer plans to offer to minority shareholders of Cainiao, including employees, the possibility to sell all their shares for $0.62 per ...
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News briefs
Zalando challenges the EU on its designation as a VLOP
Zalando said that on June 27 it filed a legal challenge with the Court of Justice of the European Union (CJEU), contesting its designation by the European Commission, under article 33 of the Digital Services Act (DSA), as a “Very Large Online Platform” (VLOP) because it has more than 45 ...
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ArticleAlibaba’s chairman and CEO resigns to focus on Alibaba Cloud
Daniel Zhang has unexpectedly resigned as chairman and CEO of Alibaba Group. He has served as CEO for the past eight years and as chairman for the past four years. The successors for the two vacant positions have already been determined: Joseph C. Tsai, currently executive vice chairman, will succeed ...
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ArticleAlibaba misses revenue forecast but steps up investments
Alibaba reported that its revenues had missed the forecasts for its fourth quarter. The company is struggling to attract new users as the Chinese e-commerce market matures and new competitors chip away at market share. However, the Chinese e-commerce group released an update on its restructuring and plans to step ...
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News briefs
Alibaba to split into 6 units
Alibaba will split into six business units that will have the right to raise funds independently and be listed. The restructuring aims to make the group “more agile, shorten decision making links and respond faster,” wrote the chairman and chief executive, Daniel Zhang, in a letter to staff. The six ...
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News briefsAlibaba reports improved results despite challenges
Despite softer demand and supply chain and logistics disruptions, Alibaba reported revenues and profits for Q3 that exceeded Wall Street estimates. Revenues increased by 2 percent to 247.8 billion yuan renminbi (€34.1bn) from RMB 242.6 billion for the period ending Dec. 31. The Chinese e-commerce behemoth said in a statement, ...
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News briefs
Alibaba launches new marketplace in Spain
Chinese e-commerce giant Alibaba launched a new marketplace called Miravia in Spain on Dec. 1. It connects brands and content creators with consumers. The platform offers fashion, beauty, food and lifestyle products. Earlier this year, Alibaba expanded its existing online marketplace Lazada to Europe, now Miravia was launched in addition. ...
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ArticleAlibaba’s operating income increases 68%
Alibaba experienced a 3 percent jump in revenues to 207.2 billion yuan renminbi (€28.1bn) in the second quarter ended Sept. 30 from RMB 200.7 billion a year earlier. The increase occurred despite the Covid-19 resurgence in China that depressed consumer demand, currency volatility, higher logistics costs and slowing cross-border commerce. ...
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News briefs
Alibaba’s Tmall Luxury Pavilion enhances metaverse experience
Tmall Luxury Pavilion, the Alibaba luxury shopping platform, introduced a so-called Meta Pass and hosted an augmented reality fashion show in Shanghai. As Alibaba reported, Luxury executives tried on AR glasses, held a virtual item (such as a digital luxury bag), and placed it in a gift box. When they ...
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ArticleAlibaba unit Lazada to enter the European market
Alibaba’s unit Lazada plans to enter the European market and take on its online rivals such as Amazon and Zalando. In an interview with Bloomberg News, Lazada’s CEO, James Dong, highlighted that Europe is a “very big market” and that ”for most of the European brands, their largest retail partner ...
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ArticleAlibaba’s e-commerce sales decline
In Alibaba’s first quarter ended on June 30 revenues fell very slightly to RMB 205.555 billion ($30.689bn) from RMB 205.740 billion a year earlier due to a 1 percent decline in revenues in the China commerce segment to RMB 141.935 billion ($21.190bn), offset by revenue growth of the cloud segment ...
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ArticleAlibaba sheds light on B2B e-commerce trends and needs
The Covid-19 pandemic has accelerated the uptake of e-commerce for business-to-business transactions and the majority of companies have shifted their go-to market model from traditional to digital. The shift has fostered new needs both for sellers and buyers which must be taken into account. This was the takeaway from a ...
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ArticleAlibaba does not provide guidance due to Covid uncertainty
The Chinese e-commerce group Alibaba did not provide a guidance for the full year ending in March 2023 due the uncertainty generated by the re-emergence of the Covid-19 pandemic in China which has been affecting its domestic business. “Since mid-March 2022, our domestic businesses have been significantly affected by the ...
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ArticleAlibaba cuts 2022 guidance after Q2 earning, revenue miss
Alibaba cut its guidance for the full year after revenues and earnings in its second quarter ended Sept. 30 came in below expectations amid a slowdown in economic growth in China and an ongoing regulatory crackdown on tech companies in the country. Alibaba now expects revenues to grow between 20 ...
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ArticleItalian luxury sector expects a rebound in U.S., European sales
Italian luxury firms are currently focusing on the Asia Pacific region but they expect a sales rebound in key markets such as Europe and the U.S. following the slump caused by the Covid-19 pandemic. An omnichannel strategy will remain a key driver to reap the benefits of the expected growth, ...
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News briefs
Alibaba pledges 100bn yuan for charitable causes
The Chinese internet company Alibaba pledged to invest RMB 100 billion (€13.1bn-$15.5 bn) in ten key initiatives to “promote common prosperity in China.” The announcement comes after Chinese President Xi Jinping urged the wealthy to tackle inequality but dragged down the company’s share price on concern about its impact on ...
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ArticleAlibaba Q1 revenues rise 34% but miss expectations
The Chinese e-commerce group Alibaba posted revenues of RMB 205.7 billion (€26.9bn-$31.9bn) in the first quarter ended June 30, an increase of 34 percent on the year earlier but below analyst expectations of a top line of at least RMB 209 billion (€27.3bn-$32.3bn) and lower than the 64 percent ...
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ArticleAlibaba posts quarterly loss due to anti-trust fine
Alibaba reported an attributable net loss of 5.5 billion yuan renminbi (€710m-$836m) for the fourth quarter ended March 31, primarily due to a RMB 18.2 billion (€2.3bn-$2.8bn) anti-trust fine imposed by Chinese anti-trust regulators which charged the company of abusing its dominant market position. The fine represented about 4 ...
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News briefs
Alibaba settles with Chinese anti-trust authorities
The Alibaba Group has agreed to make it easier for merchants to do business with it, without preventing them from using other platforms, as part of a series of ”comprehensive rectifications” demanded by Chinese anti-trust regulators, which charged it of abusing its dominant market position. The Chinese internet ...
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News briefs
China launches an anti-trust probe against Alibaba
The Chinese government’s State Administration for Market Regulation ( SAMR ) has launched an anti-trust investigation against the Alibaba Group to verify charges that its marketplaces require merchants to sign exclusive agreements that prevent them from offering products on other internet platforms. Separately, the People’s Bank of China ...
