Tag Archives: Alibaba

Alibaba profit nearly doubles on robust revenues

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(abs-cbn/AFP | August 18, 2017) Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a global e-commerce icon, has seen its New York-listed shares ...

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Alibaba cafe without cashier attracts queue

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(Source: Inside Retail Asia | July 21, 2017) An Alibaba cafe without a cashier attracted a queue of shoppers for its opening in Hangzhou. Entry into Tao Cafe is via smartphone scan through ticket gates similar to those at subway stations. Offering drinks, fast food and snacks, the 200 sqm store can accommodate 50 customers. To enter and make a ...

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Alibaba Group’s share in Lazada boosted to 83%

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(Inside Retail Asia | June 28, 2017) Alibaba Group’s share in Lazada has reached about 83 percent after the e-commerce giant bought out all but one other investor. Alibaba Group said it would spend about US$1 billion lifting its stake from the current 51 percent, which values the company at $3.15 billion – a “significant increase” in Lazada’s value from ...

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Alibaba revenue set to grow 49 percent

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(Source: Inside Retail Philippines | June 9, 2017 ) Alibaba Group says it is targeting revenue growth of 45-49 percent for the current fiscal year, topping consensus analyst forecasts. The guidance came from Maggie Wu, Alibaba’s CFO, speaking to investors and analysts at the company’s 2017 Investor Day. In its last fiscal year Alibaba reported revenues increased by 56 percent, ...

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Alibaba Group revenue up but profit down

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(Source: Inside Retail Asia | 19 May 2017) Alibaba Group revenue jumped 56 percent to RMB158.27 billion (US$22.96 billion) for its latest fiscal year, even as net income fell 42 percent to RMB41.23 billion. The company attributes the fall to a larger tax bill plus investments in cloud computing. Fourth-quarter sales to the end of March rose for the seventh ...

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‘Decades of pain’ ahead, warns Jack Ma

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(Source: Inside Retail Asia | 25 April 2017) Society should prepare for decades of pain as the internet disrupts the economy, warns Alibaba Group Holding chairman Jack Ma. He told an entrepreneurship conference in Zhengzhou that the world needed to change its education systems and establish how to work with robots to help soften the blow caused by automation and ...

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Alibaba forms partnership with high street retailer Bailian group

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(Source: Tech Wire Asia | 21 February 2017) China’S e-commerce giant, Alibaba Group Holding Ltd, has formed a strategic partnership with traditional bricks and mortar retailer Bailian Group to use big data to improve sales. The state-owned Shanghai based high street retailer is the largest by store numbers to join forces with Alibaba in its new effort to capture a ...

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Aiming big: Malaysia’s national postal service in talks with Alibaba to drive growth

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(Source: Tech Wire Asia | 12 October 2016) POS Malaysia, the country’s biggest and oldest postal service that began operating 200 years ago, is planning to discuss a much more straightforward role in logistics with Alibaba, one of China’s biggest tech and retail companies. According to Bloomberg, Pos Malaysia wants to work towards getting past the middlemen when it comes ...

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Alibaba hosts intellectual property event

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(Source: Inside Retail Asia | 4 July 2016) Chinese online commerce giant Alibaba Group has hosted an inaugural Rights Holders Collaboration Summit involving international brands and the intellectual property (IP) enforcement community to enhance collaboration in the fight against infringements. More than 100 Chinese and international brands as well as trade associations attended the event, including Adidas, Apple, Burberry, Hewlett ...

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Southeast Asian economies lure Alibaba

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(Source: Inside Retail Asia | 27 May 2016) Southeast Asian economies are reaching a stage similar to China’s at the end of the last decade, when eCommerce began to take off, according to Alibaba Group executive vice-chairman Joseph Tsai. “I don’t blame you guys for having some degree of excitement about Southeast Asia when you look at the economies here,” ...

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