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Tag: alibaba
Alibaba profits miss expectations
2015-08-12 13:41:34| BBC News | Business | UK Edition
Profits from Chinese e-commerce giant Alibaba miss forecasts as it reported its slowest quarterly growth in three years.
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Global Brands, Alibaba in alliance talks
2015-08-12 10:37:58| Logistics - Topix.net
Global Brands Group Holding Ltd is in talks with Alibaba Group Holding Ltd and JD.com for a possible strategic alliance, Chief Executive Officer Bruce Rockowitz said. The deal could involve online sales of brand-name children's wear, among other products, through Alibaba's Tmall and JD.com, and co-operation offline, Rockowitz said in an interview today, adding he hopes to make an announcement of a deal within this year.
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VIDEO: All eyes on upcoming Alibaba results
2015-08-12 03:15:16| BBC News | Business | UK Edition
China's Alibaba, the world's biggest online marketplace, reports its quarterly results later on Wednesday. But will they impress investors?
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Alibaba buys 20% stake in offline retailer Suning
2015-08-10 13:03:00| Telecompaper Headlines
(Telecompaper) Alibaba Group announced the acquisition of a 20 percent stake in Suning, one of China's largest offline consumer retailers, for CNY 28.3 billion (USD 4.63 billion). After the closing the investment, Alibaba will be the second-largest shareholder in the company. As part of the deal, Suning will also buy CNY 14 billion new shares in Alibaba, giving a 1.1 percent stake in the e-commerce giant. The two companies agreed to work together to build synergies in e-commerce, logistics and incremental business through joint omni-channel initiatives. Under the collaboration, Suning will open a flagship store on Alibaba's Tmall.com platform, focusing on consumer electronics, home appliances and baby products. In logistics, Suning will become a partner of Cainiao, Alibaba's logistics affiliate, and Alibaba will gain access to Suning's nationwide logistics network covering over 90 percent of China's counties. The cooperation is expected to give Alibaba consumers outlets for a physical experience with products, while still being able to make orders and payments online and over mobile devices. They will also have access to after-sale services in Suning's over 1,600 retail stores in 289 cities across China and its over 3,000 after-sales service locations and 5,000 affiliate partners.
Tags: offline
alibaba
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retailer
Alibaba to buy stake in Suning
2015-08-10 12:56:28| BBC News | Business | UK Edition
Chinese online retail giant Alibaba says it will invest $4.6bn in electronics chain Suning, one of China's largest physical retailers, to integrate online and offline commerce.
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