Dive Brief: Alibaba Group will likely report that Q4 revenue grew 26.6%, the slowest rate since it began reporting more than three years ago, according to analysis by Thomson Reuters. That growth is well behind the 47% to 51% revenue growth expected from JD.com for the same period, Reuters reports — the weakest growth since JD.com began […]
A number of luxury brands have launched ecommerce sites in China within the past year, but online shopping still feels like risky business to many of the country’s consumers, according to a new report by FDKG. FDKG’s “Luxury Insights China 4th Quarter” report explains that with less regulation of online sales in China, consumers may […]
PostNord Denmark announced it entered into a new collaboration with Alibaba Group. As a result online retailers in the Nordics should reach Chinese consumers easier and cheaper than before. And in turn, parcel volumes from the Nordics to China will increase, the postal operator says. PostNord said on its website that this agreement also gives […]
When the Chinese Communist Party targeted clean energy in its 11th Five Year Plan (2006-2010), the resulting investment spree upended the global clean energy market almost overnight. Now, as China approaches its 13th Five Year Plan, a new policy dubbed “Internet Power” is emerging as a central theme and is already beginning to influence an […]
Chinese online shoppers love American food. Chinese e-commerce juggernaut Alibaba is trying to stoke its sales growth by selling more U.S. products on Tmall, the more upscale of its two big Internet marketplaces. Analysts believe the Hangzhou-based company could boost its revenue by 15% or more by connecting the rapidly expanding Chinese middle class, who […]
Apple Inc. (NASDAQ:AAPL), Alibaba Group Holding Ltd (ADR) (NYSE:BABA), and Gilead Sciences, Inc. (NASDAQ:GILD) are popular stocks to watch as we kick off 2016. With iPhone demand, NDAs, and the rise of mobile eCommerce, analysts have plenty to look forward to this year. Apple Inc. Going into 2016, analysts are mostly bullish on the technology giant. Despite recent […]
Woolworths has launched a store on the Alibaba-owned Tmall Global to sell a range of products, including milk powders and baby formula, directly to Chinese consumers. In an effort to capitalise on the growing Chinese demand for high-quality Australian produce, Australia’s largest supermarket chain Woolworths Ltd has launched a shop on the Alibaba-owned Tmall Global. […]
Alibaba Group Holding Ltd. may be witnessing a slowdown in online transaction growth, yet it can find consolation in China shoppers boosting their budgets for luxury items. Consumers are open to paying as much as 4,200 yuan ($661) for a single item online, according to a KPMG survey released Tuesday. That is more than double […]
Despite continuous weak growth and even decline in smartphone sales in China, major domestic mobile phone manufacturers still set a “big leap” of shipping target in H1 2015. Although foreign brands iPhone and Samsung still held a large market share, domestic brands as Huawei, Lenovo, Xiaomi and TCL etc. all set their phone sales volume […]
Even while Alibaba has its eyes set on global markets to expand its business, a large part of its growth over the next five years will be driven by increased demand in the Chinese e-commerce market. The country’s e-retail market is estimated to grow to over $1 trillion by 2018; by then, it could become […]