PARIS — The world’s largest travel-retail and e-commerce operators, Dufry Group and Alibaba Group, respectively, have agreed to join forces to form a strategic joint venture in China. Simultaneously, Alibaba plans to make up to a 9.99 percent investment in Dufry. “We highly value this partnership with Alibaba Group to […]
Alibaba
(Bloomberg) — Goldman Sachs Group Inc. and Bank of America Corp. were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people familiar with the matter. Bankers have been told by senior executives at Alibaba Group […]
“During this period, my colleagues and I have been studying and thinking, and we have even more strongly devoted ourselves to the idea of educational philanthropy,” he said, according to a transcript of his speech published by Tianmu News, a Chinese state-owned news agency. A spokesperson for the Jack Ma […]
Share Tweet Share Share Share Print Email In a move that will likely see a large rise in sales, Alibaba Group Holding Ltd will begin its Singles Day shopping event ahead of schedule in 2020, Reuters reported Friday (Oct. 30). This year’s mega event is being looked at as a […]
Alibaba Group will be hosting its 12th annual 11:11 Global Shopping Festival next month, but according to chief marketing officer Chris Tung, this year’s event will be twice as big. “We have a very particularly special year this year,” Tung told media on Thursday. He said Alibaba has seen a […]
Alibaba (NYSE:BABA) generates most of its revenue from its e-commerce marketplaces in China, but it’s also gradually expanded its brick-and-mortar presence in recent years. It opened its first Freshippo grocery store in early 2016, and the chain now operates 214 stores across China. But that’s not all: It also invested […]