Alibaba Group Holding and JD.com wrapped up their respective Singles’ Day promotions this year, with both Chinese e-commerce giants claiming strong results that signify a rebound in domestic consumer spending during the world’s largest annual shopping festival. Taobao and Tmall Group (TTG), Alibaba’s domestic e-commerce business unit, on Tuesday said its Singles’ Day campaign had … Read more
Alibaba Group Holding says this year’s Singles’ Day campaign has seen strong demand in four product categories – home appliances, consumer electronics, beauty and apparel – in a sign of consumer-spending recovery on the mainland, as the world’s largest online shopping festival drew to a close on Monday. Taobao and Tmall Group (TTG), Alibaba’s domestic … Read more
Taobao and Tmall Group, Alibaba’s domestic e-commerce business unit, launched at 8pm on Monday the presale stage of its promotion for Singles’ Day – also known as 11.11 or Double 11, referring to the shopping extravaganza originally observed on November 11 – as the company anticipates a record-high volume of users taking part in this … Read more
Alibaba Group Holding has earmarked 1 billion yuan (US$142 million) to waive delivery charges on Taobao users in Hong Kong for each order that costs more than 99 yuan during this fourth quarter. The three-month campaign covers categories such as fashion accessories, electronics, skincare and cosmetic products on Taobao, according to Alibaba, owner of the … Read more
He added that his bricks-and-mortar store on Tuesday received more than dozen inquiries about the PS5’s availability. Sony’s flagship store in Shanghai’s upscale Huangpu district on Tuesday saw its stock of six freshly delivered PS5 consoles quickly snapped up, as a stream of shoppers helped lift total sales that day above normal levels, according to … Read more
About 185 brands – including major smartphone vendors Apple, Xiaomi and Huawei Technologies – have each achieved more than 100 million yuan (US$13.8 million) in gross merchandise value, while 37,000 other brands doubled sales year on year as of 9pm on May 31, the latest data released by Alibaba e-commerce unit Taobao and Tmall Group … Read more
The novel system, which Pinduoduo rolled out on Wednesday, provides merchants on the platform a fast and intelligent way to “keep pace with [the pricing strategy of] competitors”, according to a report by Chinese digital media DoNews on Thursday. The system, for example, will automatically adjust the online prices of its user as soon as … Read more
Senior executives that include Wang Hai, Liu Peng, Yu Feng and Wang Mingqiang retired from Taobao and Tmall Group on May 1, according to Chinese media reports on Wednesday. Taobao and Tmall Group did not immediately respond to a request for comment on Thursday. Alibaba Group Holding chief executive Eddie Wu Yongming last December took … Read more
By March 2023, Alibaba had lost three quarters of its value from the peak in October 2020, as the e-commerce giant, once seen as China’s answer to Amazon.com, faces questions on whether it can recapture its former glory while dealing with China’s economic slowdown, regulatory scrutiny and fierce competition from old and new rivals. The … Read more
Alibaba Group Holding is integrating the services of its online wholesale marketplace 1688 with its flagship consumer shopping platform Taobao, as the e-commerce giant continues to consolidate assets amid internal restructuring and rising competition. Taobao has recently featured three online stores under the 1688 name as it pushes to win over new users, according to … Read more
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