Alibaba Group Holding has earmarked at least 40 billion yuan (US$5.7 billion) worth of resources to help merchants on Taobao and Tmall during the Singles’ Day shopping festival, as the e-commerce giant fights to protect its core business in an increasingly competitive market. The largest shopping platforms owned by Alibaba, which also owns the South … Read more
Alibaba Group Holding’s plan to finally accept Tencent Holding’s WeChat Pay for purchases on its online marketplaces Taobao and Tmall is expected to help the e-commerce giant attract older consumers, as well as shoppers in lower-tier cities, according to merchants and analysts. Following Alibaba’s announcement to incorporate WeChat Pay, known locally as Weixin Pay, as … Read more
Alibaba Group Holding and other e-commerce operators have released encouraging early sales data from their midyear 618 promotions – China’s biggest shopping season after Singles’ Day, and a bellwether of consumer sentiment in the world’s second-largest economy. Four hours after Alibaba’s Taobao and Tmall shopping platforms launched their sales event at 8pm on Monday, 59 … Read more
Alibaba Group Holding’s Taobao and Tmall Group is working with ByteDance-owned Douyin to attract users from the Chinese short video platform, as the e-commerce giant spends hundreds of billions of yuan for its promotions in the mainland’s annual midyear shopping festival. The domestic e-commerce unit of Alibaba, which also owns the South China Morning Post, … Read more
