Starbucks expands in China with help of Alibaba Group

Starbucks announced a new collaboration with Alibaba Group with a new virtual store in China. This new store lets lets customers order their favorite beverages and food from the American coffee company across multiple Alibaba Group mobile apps and Starbucks’ own China app. The virtual store unifies Starbucks offerings inside Alibaba apps, including Taobao, Alipay […]

Alibaba Group’s 11.11 global shopping festival crushes Black Friday

Another year, another gross merchandise volume record for Alibaba’s 11.11 Global Shopping Festival. At the stroke of midnight, when the rolling counter stopped, 2018 GMV was RMB213.5 billion ($30.8 billion), 27% higher than last year’s RMB168.3 billion. For comparison, in 2017, U.S. Black Friday topped approximately $7.9 billion in sales, making the 11.11. Global Shopping Festival […]

Alibaba Group Ready for The Biggest Shopping Day in The World

China’s Alibaba Group said it is ready for the biggest shopping day in the world on November 11, 2018. That’s right, Black Friday and Cyber Monday combined can’t even compare to this made up shopping day by Alibaba Group in China called the 11.11 Global Shopping Festival. The 2017 version of the 11.11 Global Shopping […]

Alibaba Group’s Jack Ma Shares Vision For The Future of Manufacturing

Speaking at Alibaba Group’s Cloud Computing Conference 2018 in Hangzhou, Jack Ma, executive chairman of Alibaba Group, said Wednesday that “New Manufacturing” is the way of the future. Two years after first proposing the concept, Ma said New Manufacturing means a future where traditional B2C manufacturing will shift to more-personalized manufacturing largely driven by consumer demands. […]

Alibaba to buy 50% stake in Reliance Retail

Walmart, Amazon and Alibaba may have different strategies to outplay each other, but all roads it would seem lead to India. For Alibaba Co-founder Jack Ma, teaming up with Reliance Retail, India’s largest retail company, is the key to building a mega Indian retail joint venture and getting an edge on major players, including India’s […]

Kroger to Sell Groceries on Alibaba

Kroger Alibaba

The third largest grocery retailer in the US, Kroger Co, taps into the Chinese market by opening a grocery store on Alibaba’s Tmall Global marketplace. The grocer will be selling organic products under its Simple Truth brand which has been responsible for generating sales over the last five years. In fact, it has reached $2 […]

Alibaba Group CEO Jack Ma Offers Advice to Young Entrepreneurs

Alibaba Group founder and CEO Jack Ma recently met with young entrepreneurs from Southeast Asia and South Asia and offered some good advice how to build a successful business. Here is the Press Release from Alibaba Group Great leaders are humble, work with people smarter than they are and always strive to empower others, Jack […]

Alibaba Acquires Full Ownership of China Online Delivery Platform Ele.me

Alibaba Group takes full ownership of delivery platform ele.me to to provide a seamless online and offline consumer experience in the local services sector. Here is the Full Press Release from Alibaba Group Alibaba Group Holding Limited announced today that the company will acquire all outstanding shares that it does not already own in Ele.me, a […]

Alibaba Rolls Out Virtual Reality Dressing Room in Hangzhou

Chinese consumers can now virtually try on products in a pair of “magic mirrors” before purchasing cosmetics. Alibaba’s B2C eCommerce platform Tmall has recently rolled out a “smart dressing room” in the West Lake Intime Mall located in Hangzhou City. Consumers waiting in line can use the augmented-reality-powered digital screens to virtually try on and […]