Alibaba Archives - Page 16 of 18

Wal-Mart Performs Well in Year of Cooperation with JD.com

Alibaba’s purchase of a 36.16 percent stake in SUN ART Retail Group – a $2.9 billion investment – shook business news on November 20. Alibaba, the e-commerce giant that put forward of the concept of “new retail,” and SUN ART, the top offline retailer in China created a fusion of e-commerce and brick-and-mortar business.

Pony Ma and Jack Ma Not Business Gods, Bolstered by an Era of Big Enterprises

2017 will be a milestone in the history of Chinese companies. In April, Tencent ranked among the Top 10 companies in the world by market value. In June, Alibaba joined it in the Top 10, and within a few days surged to seventh place. On November 21, Tencent’s market value grew to $520 billion, passing […]

Vietnamese E-Commerce Platform Tiki.vn Received $44M from JD.com

Vietnamese e-commerce platform Tiki.vn recently announced it received $44 million in financing from JD.com. Tiki.vn said it would use the new financing to train staff, optimize logistics distribution and market its distribution service TikiNow.

Richard Liu Criticizes Internet Monopoly: Unfortune for China if still BAT Decade Later

“The Internet is a natural monopoly industry, and if it is still dominated by Baidu, Alibaba and Tencent in a decade, it will be most unfortunate for China,” Richard Liu said at the release of Qihoo 360 CEO Zhou Hongyi’s new book in Beijing on November 19.

Weiye Chen: Xianyu the Third Trillion Worth Platform for Alibaba

The Xianyu 2017 Strategic Conference was held in Beijing on November 16. The company is the third trillion worth platform that Alibaba has developed after Taobao and Tmall, said Chen Weiye, general manager of Xianyu, a part of Alibaba Group.

Tencent’s Daily Revenue Nears 200 Million Yuan, Draws Near Other Global Giants

Seven of the Top 10 are Internet technology companies – namely, Apple, Google, Microsoft, Amazon, Facebook, Tencent and Alibaba – have a combined market value of $4.25 trillion, close to Japan’s GDP in 2016.

China Leads the World in CCTV Annual E-Commerce Report

China’s National TV network CCTV 2 Finance Channel and the National Academy of Economic Strategy under the Chinese Academy of Social Sciences released their China Annual E-Commerce Report. How has Chinese e-commerce changed in the past year, and what are the highlights? What are the trends in global e-commerce?

Singles’ Day Turns into Math Class as Alibaba, JD.com Argue

This year’s Singles’ Day is just over, but Alibaba and JD.com are already fighting about how to calculate and record who had the most transactions.

Alipay, Ant Credit Bring Online Credit Payments to China’s Hospitals

Alipay, Zhima Credit, Ant Credit Pay and Linking Cloud jointly launched Medical Service on Credit, a medical product designed to reduce the need to queue for services, on November 7.

Jack Ma: They Have Gone, but They Left Us an Era!

Lu Guanqiu, a famous Zhejiang Province businessman and Chairman of Wanxiang Group, passed away. Jack Ma, the founder of Alibaba, wrote memorial essay in his business trip and we shared the article in the first time.

Still Optimistic About Self-Serve Stores? First Batch Close in Shanghai

Internet giants Alibaba and JD.com are still flirting with plans to open self-serve stores, but the first group of similar businesses has imploded in Shanghai. BingoBox, the city’s first self-service convenience store chain, closed its shops on Ouyangshang Road and Zhabei RM-Mart on September 27.

Chinese Internet Giants Are Targeting Housing Rental Market

For the vast number of migrants in China, house rental has been a hard issue. House purchase is faced with many policy constraints and the price is too high to afford the house. So for them, renting seems to be the only option available. For the vast number of migrants in China, house rental has […]

Alibaba Collaborates with China Telecom to Launch Ali Fish Card

Ali has teamed up with China Telecom to launch Ali Fish SIM cards, including Ali Small Fish Card and Ali Big Fish Card, which enables free data charge when using APPs belonging to Ali entertainment ecosystem, such as UC, Youku (优酷）, Xiami（虾米）, Shuqi（书旗）, Gaode（高德）and other Alibaba applications. Ali Fish Card is an exclusive SIM card […]

Alipay Launched Credit Rent

On October 10, Alipay officially announced that it would introduce free deposit and monthly-pay rent service in eight cities. It is reported that the first batch of cities are Shanghai, Beijing, Shenzhen, Hangzhou, Nanjing, Chengdu, Xi’an and Zhengzhou. If users’ Zhima Credit（芝麻信用）exceeds 650, they can enjoy deposit exemption and pay rent monthly. It is worth […]

Chinese Tourists Purchase a Lot with Alipay and 70 Japanese Banks have Decided to Fight Back

Today, China’s National Day golden week has become a global golden week. Data estimate that more than six million Chinese travel overseas during this year’s National Day holiday. With the steps of Chinese tourists, many foreign merchants have started to use China’s advanced mobile payment methods. If there is no Alipay or WeChat payment, the […]

Jack Ma Just Ate His Own Words

He Swore ‘Never Do Games Business’ While Now Enter Game Industry in High Profile In June 2010, when talking to the then Chinese Premier Wen Jiabao, Alibaba Chairman Jack Ma said, “we firmly believe games couldn’t change China. China pursues single-child policy. If children play games all the time, what will our country be like […]

More details about Alibaba’s investment in Cainiao

On September 25, in a bid to further fuel the progress of its “new retail” strategy, Alibaba announced that it intends to raise its stake in its affiliate—Cainiao Network and pledged 100 billion yuan investment in next five years to the logistics arm that had already received tens of billions yuan to expedite leading global […]

Writing Software Floods the China’s Internet

Yesterday, People’s Daily reported that plagiarism prevails in online novels and that a writer who suspected of plagiarism was found to have used material in writing software. According investigation, there are numerous stores selling writing software in Taobao. And many software storekeepers say that such software is used to assist novel writing but mainly, the […]

A Chinese Startup Argued Alibaba’s Taobao Plagiarized

On September 29, a netizen called Wu Liang released an article titled In Today’s Version of Alibaba Baba and Forty Thieves, Alibaba itself is Forty Thieves on Zhihu, claiming “Alibaba unexpectedly took our technical proposal in the name of the cooperation and completely copied our app.” According to ‘Wu Liang’, the “smart skin quality measurement”（智能测肤） […]

Alibaba Increased its Holdings in Cainiao Network

Alibaba group announced today that in order to further promote the new retail strategy, it will increase holdings of Cainiao Network. Apart from tens of billions CNY it has invested, over the next five years, Alibaba will continue to invest 100 billion yuan in Cainiao, so as to accelerate the construction of logistics network and […]

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