Alibaba Group Holding said it is seeing “encouraging” user engagement and merchant growth during the 618 midyear online shopping festival, as rival Xiaohongshu, China’s answer to Instagram, said its online sales have tripled from a year ago. Taobao and Tmall Group, Alibaba’s domestic e-commerce unit, has switched to a new strategy that focuses on consumers … Read more
“So we’re seeing some positive signals, but it is probably still too early to tell because the macro environment is broadly affected by the property sector downturn,” he added. Alibaba owns the South China Morning Post. Eddie Wu Yongming, who took over as chief executive of the domestic e-commerce unit last December, expects Taobao and … 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
