Singles’ Day has once again been a great success for Alibaba: in total, consumers bought 268 billion yuan (35 billion euros) worth of goods, setting a new record. However, criticism from environmentalists of such ‘sales splurges’ is growing.
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In the past quarter, Chinese e-commerce giant Alibaba once again saw a strong increase in turnover and profit. Flourishing cloud activities are at the basis of the growth, which was bigger than expected.
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In ten years' time, we may well no longer know 11 November as an Armistice, but rather as a shopping holiday? If that were to be the case, it would be due to Alibaba, who this year even managed to entice Taylor Swift. Even Carrefour has come over to the idea.
German retail giant Metro has sold a majority interest in its Chinese operations to local retailer Wumart. The sale fits in with the group’s strategy to focus more on professional customers.
From 2021, postal tariffs for letters and parcels from abroad will increase, as each country will then be able to set its own prices for distribution. This will have serious consequences for orders placed with cheap Chinese web shops.
Alibaba is aiming for no less than one billion active consumers each year by the end of 2024. The Chinese retail group is expected to generate more than ten trillion Chinese yuan (approximately 1200 billion euros) in gross sales.
Esprit has launched in Beijing with a completely new store concept. As part of this revival, the modem brand wants to make it clear that it is "back in the game". Photos can be found here. In the meantime, just five franchise stores have closed in the Netherlands.
Alibaba blows out twenty candles: in 1999, Jack Ma started building his way to the top from his apartment. How did the journey from thirsty teacher to universal stardom go? And as Ma steps down, what is still in store for Alibaba?
Ikea wants to invest heavily in its Chinese store network. The fact that many Chinese like to visit the stores to take a nap, is alright for the Swedes.
Alibaba Group seems to be handling the current trade war between China and the US quite well, as its turnover and profit growth went into double figures again. Moreover, the Chinese company is preparing the acquisition of competitor Kaola.
Chinese telecom manufacturer Huawei seems to remain largely unaffected by the sanctions of the United States: turnover increased drastically in the first six months of the year.
Amazon just celebrated its 25th anniversary. In that short time, Jeff Bezos' creation changed retail forever. But more than that: the company has made an indelible mark on the global economy. Is the world getting divided between Team East and Team West?
Tmall, the online platform for Western Alibaba brands, is updating the look of its virtual shops. The new concept, Flagship Store 2.0, offers more personalisation, brand experience and augmented reality.
Walmart is setting aside 8 billion yuan (1 billion euros) in the coming decade to improve the logistics of the retailer in China. The American colossus has made its ambitions in the Middle Kingdom quite clear.
By 2030, Alibaba wants to use its subsidiary Hema Fresh to open physical stores in all 200 Chinese cities with over a million inhabitants.
Roland Palmer will be stepping down as CEO of Alibaba in the Benelux, and he will be the last one to have held that position: the region will be broken up, with Belgium and Luxemburg being assigned to France. Meanwhile, Tmall is still expanding with an anglophone portal.