Alibaba listing secures Hong Kong’s financial status
Hong Kong – Alibaba’s blockbuster stock listing in Hong Kong on Tuesday shows that the territory is still Asia’s premier financial hub, despite ongoing protests. But this political turmoil is also pushing Beijing to further build up Shanghai and Shenzhen … Continue reading Alibaba listing secures Hong Kong’s financial status
Alibaba beats quarterly revenue estimates
Beijing – China’s Alibaba Group Holding Ltd (BABA.N) reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and cloud computing businesses. The results come as the company gears up for its annual … Continue reading Alibaba beats quarterly revenue estimates
E-Commerce: Chinese to spend a record US$1 trillion
Beijing – The Chinese tech titan’s shoppers are on course to spend a record US$1 trillion this year, according to a new study from Emarketer, and they’re expected to spend even more in the next couple of years. But as … Continue reading E-Commerce: Chinese to spend a record US$1 trillion
ALIBABA: Anti-Counterfeiting Alliance successful
Shanghai – Since its launch in January 2017, the Alibaba Anti-Counterfeiting Alliance (AACA) has tripled in size, with over 105 brands registered and 12 industry categories represented. More global top names including Adidas, Estee Lauder, Levi’s, L’Oreal, Luxottica and Ralph … Continue reading ALIBABA: Anti-Counterfeiting Alliance successful
Singles’ Day: Alibaba Online Sales exceed 5 Billion Yuan
Hanghou – The online buying fiesta on this year’s Nov. 11, also China’s Singles’ Day, smashed records, with e-commerce giant Alibaba ringing up sales of over 5 billion yuan, thanks to the world’s biggest online retail sales day.Online sales on … Continue reading Singles’ Day: Alibaba Online Sales exceed 5 Billion Yuan