All Alibaba articles – Page 2
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ArticleFarfetch, Alibaba, Richemont, Pinault family form a formidable alliance in digital sales
Farfetch , Alibaba , Richemont and the Pinault family, which owns the French luxury goods company Kering , have entered a global partnership with the declared intent of providing luxury brands with “enhanced access” to the Chinese market as well as accelerating the digitization of the global ...
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News briefs
Alibaba grows by 30% in Q3
Confirming a recovery from the first wave of the Covid-19 pandemic in China, the Alibaba Group reported a 30 percent increase in overall revenues to 155.1 billion yuan renminbi (€19.9bn-$23.5bn) in the third quarter, leading to a rise of 28 percent in adjusted Ebitda to RMB 47.5 billion ($6.1bn-$7.2bn). ...
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ArticleAlibaba in partnership with the duty free retailer Dufry in omnichannel drive
The Chinese e-commerce group Alibaba has entered into a partnership with the Swiss duty free retailer Dufry that will further integrate online and offline shopping. The parties will form a strategic joint venture in China, and Alibaba will become a minority shareholder in Dufry.
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ArticleAlibaba’s core domestic business returns to pre-Covid levels
The giant Chinese e-commerce company Alibaba said that its domestic core commerce business has ”fully recovered” to pre-Covid-19 levels during the first quarter ended on June 30. Revenues rose by 34 percent year-over-year to 153.8 billion yuan renmimbi (€18.8bn-$22.2bn) during the quarter, beating market expectations of RMB 148 ...
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News briefs
Golden Goose opens a store on Tmall Luxury Pavilion
The Italian luxury sneaker brand Golden Goose has opened a flagship store on Tmall Luxury Pavilion , the B2C marketplace of the Chinese group Alibaba . The store will carry some of the brand’s most iconic products such as the sneakers Superstar , Stardan , Pure and ...
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News briefs
Alibaba anticipates a slowdown in sales this year
Alibaba , the Chinese e-commerce giant, expects revenues to rise by about 27.5 percent to over 650,000 million Yuan renminbi (€83,725.8m-$91,168.5m) in the current fiscal year after its top line rose by 35 percent to RMB 509,711 million (€65,647.3m-$71,487.9m) in the fiscal year ended on March 31. The company achieved ...
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News briefs
Alibaba offers fashion labels an outlet for excess stock
Alibaba launched a new service for retailers. Called Luxury Soho , the platform is for mark-downs in the way that the group’s Tmall Luxury Pavilion is for inaugural collections. Through it, fashion labels can manage inventory while targeting specific markets, notably Millennials and Gen Z in China’s secondary ...
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News briefs
Alibaba's GM resigns
Terry von Bibra has recently resigned from his post at Alibaba , the Chinese online retailer. He joined Alibaba as general manager for Germany in 2015 and was appointed general manager Europe in 2016. Von Bibra worked previously as chief retail officer at Karstadt , where he was responsible for ...
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