This year marks the 10th anniversary of Double 11 online shopping festival. The first Double 11 in 2009 brought in US$7.8 million in gross merchandise value (GMV). Total GMV generated in 2017 was US$25.3 billion, which was more than twice the size of Black Friday and Cyber Monday combined.
Alibaba’s annual active consumers increased by 25 million and reached 601 million in the 12 months ended September 30, 2018. Alibaba delivered robust revenue growth of 54% for quarter Q3 2018. Taobao mobile app saw a total of 666 million MAUs.
Tmall Double 11 global shopping festival 2018 is expected to double its sales value in the UK, according to the e-commerce delivery firm ParcelHero.
The growth momentum of China’s public cloud IaaS market remains strong in recent years. This market saw a skyrocketing rise of 157.2% with transactions exceeding 18.44 billion yuan (US$2.68 bn) in 2017.
The transactions and revenues of China’s B2B e-commerce totaled US$1.63 trillion and US$3.71 billion in the first half of 2018, respectively. Alibaba.com, HC360.com, and Cogobuy were top three leading B2B platforms. The transactions of B2B e-commerce reached 11.2 trillion yuan (US$1.63 trillion) in the first half of 2018, with an increase of 14.2% compared with 9.8 […]
AliExpress, Alibaba’s cross-border online retail platform, reached an accumulated 150 million overseas buyers, with a 50 million newly added users since April 2017. Meanwhile, its monthly visits exceed 200 million on the site worldwide.
Amazon’s brand value has risen 42% to US$150.8 billion, retaining top billing as the world’s most valuable retail brand according to a Brand Finance report, while other e-commerce brands are in strong growth, such as Alibaba (up 58% to US$54.9 billion) and JD.com (up 47% to US$19.6 billion) as well as Germany’s Zalando (up 40% […]
Koubei is one of Alibaba’s platforms that specializes in providing local services, an area where new retail is an emerging force. New retail is Alibaba’s concept of seamless digital integration of online and offline commerce.
Alibaba delivered second quarter with 61% revenue growth, a net increase of 17 million Taobao MAUs to 634 million, and a decrease of 54% in income from operations, according to its financial results for the quarter ended June 30, 2018.
Singapore Airlines (SIA) and Alibaba Group this week announced a comprehensive strategic collaboration aimed at enhancing the customer experience for travelers. The collaboration encompasses several players in Alibaba Group’s ecosystem including Fliggy, Alibaba Cloud, Alipay and Cainiao Network.
Alibaba.com, committed to helping SMEs to export and expand overseas market, has already become the biggest international trading platform. This platform has over 1,000 active overseas buyers and receives near 300 thousand inquiry orders every day. Alibaba.com app saw a year-on-year increase of 52% in active buyers and 269% in DAU. The number of exports […]
The transactions of cross-border e-commerce in China reached US$1.22 trillion in 2017, with an increase of 20% from 2016 (US$1.01 trillion). The transactions of export e-commerce totaled US$0.84 trillion in 2016, up 22.49% from last year, and reached US$0.42 trillion in the first half year of 2017. The transactions of cross-border e-commerce in China is estimated […]
Starbucks and Alibaba announced their strategic partnership on August 2, 2018, in Shanghai. It involves multiple digital channels from the Alibaba ecosystem, including Ele.me, Hema, Taobao, Tmall, Koubei, and Alipay.
Alibaba buys into China’s leading out-of-home (OOH) marketing network which covers 150 cities and creates 500 million daily offline impressions. Alibaba Group announced on July 19 that it will pay US$1.43 billion for a 6.62% share of Shanghai-based Focus Media. It will also acquire another 5% interest in it within the next 12 months. Alibaba […]
The transactions of B2B E-Commerce market in China reached 20.5 trillion yuan (US$3.07 trillion) in 2017, an increase of 22.75% year-on-year. The total revenues of B2B market in China reached US$5.24 billion, led by Alibaba and HC360. B2B E-Commerce revenues went up by 34.6% year-on-year to 35 billion yuan (US$5.24 bn) in 2017. Within this market, […]