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 (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 […]

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 […]

(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 […]