When Alibaba Group Holding held its eleventh Singles’ Day shopping festival in 2019, it culminated in Shanghai that November with a performance by American pop sensation Taylor Swift to help get consumers in a cheerful mood. Five years later, China’s largest e-commerce company decided a party for the world’s largest online shopping festival was no … Read more
Alibaba Group Holding has highlighted strong demand for emerging product categories such as designer toys and pet products during the Singles’ Day shopping festival, in the latest sign of a recovery in consumer sentiment in the world’s second-largest economy. The Singles’ Day event, the world’s largest online retail extravaganza, has seen strong growth in sales … Read more
Lazada’s key advantage in Southeast Asia amid rising competition from new entrants such as PDD Holdings’ Temu and ByteDance’s TikTok lies in technology such as artificial intelligence (AI) and logistics, Lazada Thailand CEO Varitha Kiatpinyochai said on Friday. “With Lazada being part of the Alibaba Group, we can really leverage the best-in-class technology and ecosystem … Read more
The fictional Jarvis – an acronym that stands for “Just a Rather Very Intelligent System” – is a sophisticated AI assistant that made its debut in the 2008 film Iron Man, in which it manages and operates the internal systems of Stark’s laboratory, home and superhero armours. Ant Group, the fintech affiliate of Alibaba Group … Read more
US online retailer iHerb is setting up a new warehouse in Hong Kong with Cainiao Smart Logistics Network, the logistics arm of Chinese e-commerce giant Alibaba Group Holding, seeking to boost its order fulfilment capabilities in Asia. The Hong Kong facility, which will be operated by Cainiao, can process up to 15,000 orders per day, … Read more
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
Chinese ride-hailing giant Didi Chuxing, whose New York initial public offering (IPO) in 2021 triggered a cybersecurity investigation by mainland authorities that led to its delisting and a $1.2 billion fine, said it has no specific timing for its plans to float shares in Hong Kong. “The company has been maintaining regular communications with investors … Read more
Alibaba Group Holding has expanded its “five-day delivery” service to the US, as the Chinese e-commerce giant faces intensified competition against Temu and Shein in the world’s largest economy. Customers who place an order in the US on AliExpress, Alibaba’s international e-commerce platform, can now expect to receive their parcel in five days, delivered by … Read more
Alibaba Group Holding is partnering with US-sanctioned Huawei Technologies to develop native versions of the e-commerce giant’s apps for the smartphone maker’s operating system HarmonyOS, which is meant to take on Google’s Android and Apple’s iOS in mainland China. Eleven applications under Alibaba Group – including second-hand trading platform Xianyu, online travel platform Fliggy, courier … Read more
