Alibaba Group Holding Ltd said on Thursday that it will create another online shopping event in the next two months to tap further into rural consumption. The e-commerce giant, which generated a gross merchandise volume of 91.2 billion yuan($14.3 billion) in the 24-hour sales event on Wednesd...
Alibaba’s successful 6.18 Shopping Festival delivered strong online GMV growth year-over-year. July Alibaba Cloud enabled remote video production and transmission through cloud infrastructure for the Paris 2024 Summer Olympics, where cloud overtook satellite as the primary means of broadcast for the fir...
The largest Chinese e-commerce company Alibaba had another strong quarter in the beginning of 2022. The annual active consumers on its online shopping properties in China reached 903 million by the first quarter of 2022, increasing from 882 million in the previous quarter. ...
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in the face of increasing competition from online shopping giants and changing consumer behavior, Intime’s physical stores struggled to compete. Alibaba eventually sold off its stake in the company to Youngor Group, at a loss. The sale of Intime was seen as a clear admission that Alibaba had...
in the face of increasing competition from online shopping giants and changing consumer behavior, Intime’s physical stores struggled to compete. Alibaba eventually sold off its stake in the company to Youngor Group, at a loss. The sale of Intime was seen as a clear admission that Alibaba had...
HANGZHOU, June 25 (Xinhua) -- Alibaba's online marketplace Tmall saw the gross merchandise volume of payments in kind up 38.5 percent during June 1 to 18, a period that marks China's mid-year shopping festival online, according to data released Tuesday. ...
In September 2021 results, Alibaba had 1.2 billion active shoppers on its online shopping platforms in China.10In comparison, JD.com had 569.7 million active shoppers in 2021.11 China arguably maintains the world's largest online retail market, much larger than the online retail market in the U...