Alibaba

Alibaba Sells Shares In Sun Art Retail Group For $1.6bn

Alibaba Group Holding Limited has announced the sale of its shares in Sun Art for $1.6 billion (€1.5 billion).

South Korea's Shinsegae To Set Up Joint Venture With Alibaba International

Alibaba Group is nearing a deal to merge its South Korean operations with E-Mart's KS e-commerce platform.

Alibaba Combines E-commerce Arms Amid Growing Competition

Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader.

Alibaba Misses Second-Quarter Revenue Estimates

Alibaba Group Holding missed analysts' estimates for quarterly sales, as lingering economic uncertainty sapped consumer spending in China and weighed on th...

What Is China’s Singles Day And How Is It Celebrated?

Black Friday? No. Cyber Monday? Nope. Prime Day? Absolutely not. The world's biggest shopping event happens in China each year - and it's called Singles Da...

Chinese Retailers Embrace GenAI To Boost Sales, Survey Finds

Chinese retailers are investing in AI to boost sales with more than half (52%) of the country's e-commerce platforms having used at least one generative AI...

Walmart's Exit Raises Questions About JD.com's Future

JD.com needs to convince investors of its relevance amid a stagnant Chinese e-commerce market, aggressive price war and now, the departure of Walmart.