Chinese e-commerce giant Alibaba Group announced its financial results for the quarter ended December 31st, 2019. The company experienced robust growth across its business in the past quarter. Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group, comments: "Our digital economy reached new heights with another record 11.11 Global Shopping Festival for our
Amazon opens pop-up store on China’s Pinduoduo until the end of 2019
Amazon.com on Monday said it will open a pop-up store on Chinese e-commerce platform Pinduoduo. This store will run until the end of December and carry a selection of about 1,000 products from overseas. The move, initially reported by Reuters on Sunday, points to how Amazon's China-strategy is evolving. Earlier this year, it already decided to stop operating a marketplace
AliExpress offers click-and-collect at El Corte Inglés in 2020
Chinese e-commerce giant Alibaba will boost its partnership with El Corte Inglés. The large department store group will offer click-and-collect for AliExpress customers early next year. From that moment, customers will be able to pick up their orders at El Corte Inglés stores. The partnership between El Corte Inglés and Alibaba started in November 2018. The partnership spans
Singles’ Day records smashed in 2019
After 24 hours of intense buying and selling, along with weeks of advertising the promote the event, the Chinese market is calming down after another record-breaking Singles' Day. The Alibaba Group, once more, realised a higher sales turnover than in the previous year. The Chinese e-commerce platform sold goods worth 268 billion Yuan, $38.4 billion dollars. This is an
Turnover Singles Day to 37 billion dollars
Chinese marketplace Alibaba expects a great deal from this years' Singles Day. It predicted that 100 million more Chinese will place and online order compared to 2018. In the Chinese market, at least 200.000 brands are participating. Over a million of products are offered with a Singles Day-discount. In the first minute and eight seconds, the total turnover already crossed