Tag Archives: Alibaba

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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Alibaba and JD.com make foray into groceries

(Source: Asia Nikkei Review)

(Source: Asia Nikkei Review | November 1, 2017) The rise of online-to-offline retailing in China has blurred the boundary between the two traditional mechanisms of selling consumer goods, and the country’s e-commerce giants are determined not to miss the chance to finally get into perishables — the last remaining stronghold for brick-and-mortar stores. Spotting the potential of the the business ...

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Online retail grocery in South East Asia : Alibaba or Amazon?

(Source: Entrepreneur.com)

(Source: Retail in Asia | October 25, 2017) In South East Asia, online retail grocery is growing as an increasing number of Singaporeans prefer to do their shopping online. “It is getting better and better,” said Mr Vikram Rupani, president of RedMart, an online grocery company based in Singapore that is part of Alibaba‘s push into the region, “but it’s ...

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China’s Alipay introduces offline e-payment system into Philippine market

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(Source: xinhuanet.com | October 25, 2017) A new offline e-payment system supported by China’s mobile payment platform Alipay was rolled out recently in Manila, showing the country’s desire to accelerate the digitization to help facilitate the lives of Filipinos. At the launch ceremony, Philippine consumers experienced buying goods and services through scanning QR codes through mobile phone app GCash, owned ...

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Alibaba one-ups Amazon by building a mall for retailers

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(Source: Retail Customer Experience | October 9, 2017) While Amazon will tear down a mall to build a distribution center, Alibaba is actually building a new mall for retailers. Clearly, the transformation of retail is much more than Amazon, and more than the shift from stores to online. Alibaba’s construction of a retail mall is clear sign that future “retail” ...

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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

07-25 Alibaba cafe without cashier attracts queue

(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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