Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

Jiang, 39, who has been serving as chief executive of Alibaba International Digital Commerce Group (AIDC), was appointed by the Hangzhou-based tech conglomerate on Thursday to lead the newly formed Alibaba E-commerce Business Group. The new unit will integrate Taobao and Tmall Group (TTG), AIDC, 1688 Marketplace, Idle Fish and the other e-commerce operations of … Read more

Alibaba’s Lazada courts Armani, D&G to fend off Shopee, TikTok in Southeast Asia

Alibaba’s Lazada courts Armani, D&G to fend off Shopee, TikTok in Southeast Asia

Alibaba Group Holding’s Lazada is courting top European fashion and design brands to help fend off Asian rivals and eventually reach its goal of US$100 billion in e-commerce volume by 2030. Executives met this week in Milan with founders and managers of more than a hundred Italian brands interested in tapping Southeast Asia through LazMall … Read more

Alibaba logistics arm Cainiao launches next-day delivery in Europe, builds new hubs

Alibaba logistics arm Cainiao launches next-day delivery in Europe, builds new hubs

The next-day delivery for European Union countries includes a €2 (US$2.20) service for parcel deliveries to Spain and Portugal, the company announced on Tuesday during its 2024 Smart Global Logistics Summit in Hangzhou, capital of eastern Zhejiang province. A three-day delivery option, which costs from €3 to €5, is also available in other countries in … Read more

Four Underrated Side Hustles No One Really Talks About That Can Help You Earn $900+ Daily

Four Underrated Side Hustles No One Really Talks About That Can Help You Earn 0+ Daily

Looking for ways to make extra cash that don’t require a lot of experience or investment? Joshua Mayo, a well-known YouTuber in the personal finance space, has just revealed four unique side hustles that most people haven’t considered yet. In his latest video, Mayo claims these opportunities can bring in up to $900 or more … Read more

Alibaba bets on Taobao, Tmall clothing merchants to compete overseas against Shein, Temu

Alibaba bets on Taobao, Tmall clothing merchants to compete overseas against Shein, Temu

Eligible merchants on Taobao and Tmall can enroll in Alibaba’s new pan-clothing global free shipping plan, so they can sell their products directly to consumers in several markets outside the mainland, the Hangzhou-based company said in a statement in response to the South China Morning Post’s inquiry. Alibaba owns the Post. Taobao and Tmall merchants … Read more

PDD-owned Temu’s first-half sales surge to US$20 billion, exceeding 2023 total: report

PDD-owned Temu’s first-half sales surge to US billion, exceeding 2023 total: report

International online budget-shopping platform Temu, owned by Chinese e-commerce giant PDD Holdings, saw its gross merchandise value (GMV) surge to about US$20 billion in the first half of this year, according to a Chinese media report, surpassing its overall sales of US$18 billion in 2023. Apart from showing strong growth from overseas markets, Temu reached … Read more

Alibaba bets on generative AI tools to help cross-border merchants, executive says

Alibaba bets on generative AI tools to help cross-border merchants, executive says

Speaking on stage at the Reuters Next Conference in Singapore, Zhang – head of Alibaba International Digital Commerce’s AI initiative – said he was bullish on the technology’s potential for the company, even in the face of increasing tensions between China and the United States. “China is pretty much on par with the US in … Read more

Alibaba denies talks to sell Lazada’s Thailand unit as it eyes continued global expansion

Alibaba denies talks to sell Lazada’s Thailand unit as it eyes continued global expansion

Southeast Asian online shopping giant Lazada Group has refuted a report that parent company Alibaba Group Holding is planning to sell its Thailand unit, as China’s largest e-commerce conglomerate eyes overseas expansion amid a domestic economic slowdown. “Lazada Group is not considering any divestment of our business in Thailand and is not in discussion with … Read more

From Alibaba to BYD, Chinese sponsors jostle for attention at Euro 2024 football tournament

From Alibaba to BYD, Chinese sponsors jostle for attention at Euro 2024 football tournament

Chinese technology brands from Alibaba Group Holding to BYD make up a third of Euro 2024 football tournament’s 13 worldwide sponsors, an example of their growing global footprint and commitment to expanding in overseas markets. The Chinese sponsors include television and home appliance manufacturer Hisense, Alibaba’s global shopping platform AliExpress, financial technology giant Ant Group, … Read more

Alibaba seeks growth in Mongolia with new e-commerce platform selling Chinese goods from wholesale marketplace 1688.com

Alibaba seeks growth in Mongolia with new e-commerce platform selling Chinese goods from wholesale marketplace 1688.com

Alibaba Group Holding is expanding its business foothold in Mongolia, as the Chinese e-commerce giant’s wholesale marketplace 1688.com joins forces with local technology group Intelmind to launch a new platform. The new online marketplace, ShoppyHub.mn, aims to offer “millions of products” sourced from 1688.com’s merchant network, providing Mongolian consumers and business clients with products from … Read more