Tag Archives: Alibaba

China’s ‘Singles Day’ shopping frenzy sets sales records

Photo from: techcrunch.com

(CTV News | November 11, 2018) Sales during the Singles’ Day sale in China have surpassed last year’s record, by raking up $30.8 billion in sales on the annual sales event 10th year. The spending binge has for years outshone Cyber Monday in the U.S. for online purchases made on a single day. This year’s tally was 27 percent higher ...

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Alibaba: 325,000 orders per second highlights e-commerce shift


(Source: ABS-CBN News | September 4, 2018) Following a record 325,000 orders processed per second in a single day, an official of Chinese e-commerce behemoth Alibaba said Tuesday business had indeed shifted to digital. The milestone was reached during Alibaba’s Nov. 11, 2017 sale, where the platform also saw 256,000 payments processed per second and 168.2 billion yuan in sales, ...

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Chinese e-commerce giant Alibaba eyes more global talents


(Source: Inquirer.net | August 21, 2018) Jack Ma, founder of Alibaba Group Holding Ltd, built his business behemoth to help the masses. But when it comes to hiring, the company is increasingly eyeing an elite group-those with an international background. With the company’s stated goal of serving 2 billion customers within two decades, it comes as no surprise that Alibaba ...

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Guess and Alibaba unveil AI-powered store of the future at Hung Hom


(Source: Inside Retail Asia | July 5, 2018) Guess has collaborated with Alibaba Group to bring artificial intelligence (AI) to the fashion world in a store of the future. The two companies have teamed with Hong Kong Polytechnic University (PolyU) to open a short-term FashionAI store at PolyU’s Hung Hom campus, billed as “a glimpse of what the future of ...

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Alibaba snaps up Daraz


(Source: Inside Retail Asia | May 9, 2018) Alibaba Group has acquired south Asian e-commerce platform Daraz for an undisclosed sum. This will make Daraz Group’s platform a wholly owned unit of the Chinese e-commerce provider, which also runs the Taobao and Tmall platforms. “Together with Daraz, we can empower entrepreneurs to better serve consumers in the region through our ...

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Chinese e-commerce giant Alibaba sets plans for Thailand


(Source: Business Insider UK, AP | April 19, 2018) The Chinese e-comm shopping giant, Jack Ma, met with Thailand’s prime minister, Prayuth Chan-ocha, on Thursday and signed an agreement to help set up a “smart digital hub” to facilitate trade between Thailand, China, Laos, Myanmar, Cambodia and Vietnam. Reports said the hub, due to be completed next year, would also ...

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Alibaba doubles investment in SE Asia e-commerce firm


(Source: Yahoo Singapore, AFP News | March 19, 2018) Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia’s leading online shopping firm, boosting its regional expansion. Alibaba, which already owns 83 percent of Lazada with two investments totalling $2 billion as of June last ...

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E-commerce is the fastest-growing global retail channel through 2022: report

E-commerce And Online Shopping

(Source: Retail Asia Online | January 16, 2018) Internet retailing is the fastest growing global channel through 2022 at 73% to become a larger channel than traditional grocery retail, according to global market research company Euromonitor International which released its new retailing industry data alongside the second annual What’s New in Retail: Emerging Global Concepts report. Within internet retailing, the ...

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The push toward ‘retailtainment’


(Source: Techwire Asia | December 6, 2017) Retailtainment is a term used to describe experiential retail: the merging of entertainment and technology with traditional shopping. This is one way in which retailers are working to keep consumers visiting their brick-and-mortar stores. And these efforts are crucial considering an estimated 8,000 retail store locations will close this year, according to financial ...

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China gets ‘New Retail’, brought by Alibaba and L’Oreal

Source: alizila.com

(Source: Techwire Asia | November 9, 2017) Cosmetics Company L’oreal has introduced “New Retail” concepts into its customer journey experience in collaboration with Alibaba’s Tmall.com in conjunction with the e-commerce giant’s 11.11 Global Shopping Festival. “New Retail”, a term coined by Alibaba founder Jack Ma, is being called “an innovative business model” that is bridging the gap between online and ...

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