Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.
» Read more
Dutch clothing brand Tumble ’N Dry will head to China in September, with its own web shop on Alibaba subsidiary, Tmall. It will become the first non-European market for the brand.
» Read more
French luxury group Kering has decided to drop a case against Chinese Alibaba regarding the sale of counterfeit items. Both companies will now join forces to combat counterfeit sales.
Dutch department store chain Hema is looking at its options to counter retail giant Alibaba’s Hema supermarket chain, which operates in China and currently has thirteen stores.
It seems the cash register-free supermarket is the next big trend for many companies: Amazon and Albert Heijn now face competition from Chinese Alibaba, which just launched its own formula.
Chinese Alibaba has now also entered the intelligent speaker market, following Amazon, Apple and Google. Its main attraction is that the speaker is a lot cheaper than the competition. A small group can now trial the device for one month.
A mobile, fully autonomous supermarket has opened its doors in Shanghai, one of China’s largest cities. The pilot is called Wheelys Moby Mart, open 24 hours a day and said to be easily deployable.
Chinese internet giant Alibaba expects its turnover to grow 45 to 49 % in the current fiscal year, according to CFO Maggie Wu in an investor call.
Chinese JD.com will build the largest Chinese logistics network for drones after reaching a deal with the Shaanxi province’s board. Some drones should even be able to carry 1,000 kilos.
German supermarket chain Lidl has launched its own web shop in China on Alibaba’s online platform Tmall, similar to what many other Western companies have done.
Chinese JD.com’s first quarter surge, exceeding 40 %, is entirely thanks to Walmart, which owns 11 % of the Chinese eCommerce company.
After two years, Belgian clothing chain JBC has halted its collaboration with Chinese partner Deesha, because Bart and Ann Claes’ company will service the Chinese market itself.
Fashion brand G-Star, from Amsterdam, has become Chinese Alibaba's strategic trade partner, which means its collections will now be available on the eCommerce giant's platforms.
Starting later this month, German discounter Aldi will sell a limited range of German items like wine, snacks and cereal on Tmall Global, Chinese Alibaba’s online sales platform.
Chinese electronics manufacturer Lenovo's 2016 ended with a difficult quarter, where both its turnover and profit dropped despite an increased number of (tablet) computers sold.
American online giant Amazon has taken control of another part of its logistics chain: it now also handles ocean freights from China to the United States.