Alibaba Group has offered to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business in Hong Kong. In the Chinese e-commerce giant’s latest reversal of its restructuring plan, Alibaba, which holds a stake of around 64% in…
Tag: Alibaba
Alibaba announces leadership shakeup amid challenges, CEO Daniel Zhang steps down
Alibaba Group Holding, the Chinese e-commerce giant, announced on Tuesday that its Chairman and CEO Daniel Zhang will step down from those roles and focus on the cloud business, as the company faces regulatory hurdles and intense competition. Zhang will be replaced by Joe Tsai, the executive vice chairman, as the new chairman of the…
Alibaba Expands E-Commerce Empire to Europe with Tmall Launch
Paris, France: In a major move that marks an escalation of its international endeavors, Alibaba, the Chinese tech giant, announced on Thursday its plans to expand one of its key e-commerce platforms, Tmall, into Europe. The decision comes just over two months after Alibaba unveiled its strategy to divide its business into six units, granting…
ITC & Alibaba partner to support digital trade in developing countries
SHANGHAI, CHINA: International Trade Centre (ITC) and Alibaba.com have partnered to launch the “Global Digital Trade Accelerator for MSMEs in Developing Countries” initiative during the ongoing 2021 China International Import Expo (CIIE) in Shanghai, China. Together, the parties will help Micro, Small and Medium Businesses (MSMEs) enhance their international export competitiveness and contribute to sustainable…
Blis Technologies’ Tmall flagship store launched
AUCKLAND, NZ: Blis Technologies along with their e-commerce and digital agency RooLife have officially launched the BLIS PROBIOTICS product range in China on Alibaba’s Tmall Global marketplace Partnering with RooLife Group who specialise in China targeted E-Commerce and digital marketing Blis Technologies has officially launched the BLIS PROBIOTICS™ store on Alibaba’s Tmall Global marketplace at…
Farfetch, Alibaba and Richemont form partnership to accelerate digitization of luxury industry
LONDON: Farfetch, Alibaba Group and Richemont announced a global strategic partnership to provide luxury brands with enhanced access to the China market as well as accelerate the digitization of the global luxury industry. Leveraging each company’s respective expertise and extensive reach, the partnership will bring luxury retail to the next generation by seamlessly integrating the…