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Alibaba Seeks to Become ‘Gateway to China’ with European Offices

Alibaba will open so-called “embassies” in Italy, France and Germany, with a view to positioning the company as the “gateway to China” for European merchants. Companies ranging from clothing group Zara to luxury brand Burberry have opened stores on Tmall, Alibaba’s eBay-like platform aimed at attracting brand-name sellers. However, Alibaba’s reputation for being unable to fight fakes and counterfeit goods has kept some ... Read More »

Alibaba Breaks Online Shopping Records on China’s Singles’ Day

Buyers clicked on Alibaba’s shopping websites in unprecedented numbers during China’s e-commerce extravaganza of Singles’ Day, ensuring the company breezed past last year’s record sales by lunchtime. As of Tuesday afternoon online sales for China’s biggest e-commerce company punched through last year’s Rmb36.2bn and generated 165m orders, according to data displayed on a massive screen in Alibaba’s central auditorium. Alibaba has turned the ... Read More »

New Online Marketplace Launched to Connect Asian Buyers and Suppliers

Pan Asian Exchange, a new online B2B marketplace in Asia, was launched on September 22. The platform offers business buyers and suppliers customs clearance help, logistics, regulatory and financial service support across seven countries in Asia – the Philippines, Hong Kong, Taiwan, Singapore, Malaysia, China and Macao. The Pan Asian Exchange, or PAE, connects more than 4,000 small and medium-sized ... Read More »

Tencent to Invest Big in Cloud Computing

Tencent Holdings has said that it will invest more than US$1.5 billion over the next five years in its cloud-computing business. This will include construction and operation of data centres in China, Hong Kong and North America, and also to recruit new talent and promote cloud services through marketing campaigns. Tencent operates data centres that house servers and other equipment, ... Read More »

Cainiao and United States Postal Service Sign MoU to Increase Cross-Border Logistics Services

Cainiao, the logistics affiliate of Alibaba Group Holding Limited, and the United States Postal Service (USPS) today signed a Memorandum of Understanding (MoU) to develop new international shipping solutions and enhance the logistics-service experience for both sellers and buyers involved in cross-border e-commerce. Through the MOU, Cainiao and the USPS agreed to work together to speed delivery of merchandise sold ... Read More »

Trade Assurance: Alibaba.com Extends Supplier-vetting Service to Companies Outside of China

Alibaba Group launched a Trade Assurance program, which provides a money-back guarantee for buyers trading on Alibaba’s e-commerce platform. It is now limited to transactions completed via bank transfers and it only covers Chinese suppliers. It will soon also cover purchases made with credit cards and extended to other manufacturers and distributors in other countries. India will be the next ... Read More »

Alibaba’s E-commerce Group T-mall Platform and Germany’s Metro Group in Strategic Partnership

Alibaba Group and the German Metro Group are going to establish a strategic partnership to promote e-commerce in China.  Metro Group will launch its official flagship store exclusively on Alibaba Group’s T-mall Global platform, selling German products to the Chinese consumers. Metro Group currently operates in over 80 wholesale markets in China, under Metro Cash & Carry. The new cross-border e-store ... Read More »

Alibaba Adds a Sports Company – Enters Media and Events Business

Alibaba Group’s expansion into non-e-commerce businesses such as movies and music took another step today as the group announced the establishment of a sports company, aiming to “transform China’s sports industry through Internet-enabled technologies.” The company, named Alibaba Sports Group, will be majority owned by Alibaba Group but has backing from Sina Corp., owner of China’s popular microblogging site Sina ... Read More »

DHgate Launches more Comprehensive Merchant Rating System

DHgate, a leading Chinese e-marketplace, recently upgraded its Merchant Rating System, which allows buyers to have a more complete and comprehensive assessment of product and service quality of the sellers on the platform. The merchant rating system was initiated with a customer survey in September 2014 which was followed-up with a pilot programme in June 2015, and then officially launched ... Read More »

Flipkart, Snapdeal May Check your Identity before Shipping Goods

Online retailers Flipkart and Snapdeal are working with credit bureaus to check identity of customers before shipping goods.  Retailers stress the importance in working with credit bureaus. Identity checking came into play after the e-commerce companies suffered losses of crores of rupees from false mailing addresses and turned away goods.  Apparently this is a lesson learned by banks after getting ... Read More »

Alibaba Takes $6.4B Stake in Electronics Retailer Suning

Online e-commerce giant Alibaba invests in brick and mortar and distribution by taking a 19.9% stake in retailer Suning; while Suning acquires 1.1% stake in Alibaba. Alibaba is set to invest US$4.6bn into the Chinese electronics retailer Suning, giving Alibaba a 19.99% stake in the company.  The deal will provide Alibaba with a bricks-and-mortar network of distribution centers and delivery ... Read More »

Alibaba Boosts International Expansion with new Executive Appointment

Alibaba Group Appoints Michael Evans as President of Alibaba Group.  Evans to Lead and Execute Alibaba Group’s International Growth Strategy Alibaba Group announced the appointment of Michael Evans as President of Alibaba Group, effective immediately.  Mr. Evans will continue his service as a management member of the Alibaba Group Board, having previously served as an independent director since the company’s ... Read More »

Alibaba Increases Stake in SingPost

Alibaba Group and SingPost announced that they have signed a joint venture agreement to expand their e-commerce logistics collaboration. The joint venture will focus on three main initiatives that will aim to build a unique, worldwide e-commerce logistics platform. After the initiatives, Alibaba will increase the stake in SingPost to from 10.23% to 14.51%. Alibaba first acquired a stake in ... Read More »

ITE WorldBuild365 launched

ITE Group PLC recently launched WorldBuild365, a digital platform that connects buyers and sellers in the building, design & décor, and interiors industries. Available online and from mobile devices, WorldBuild365 provides in-depth data on the industry, its professionals and products. The platform allows suppliers to add and edit information. In addition to the business conducted on the platform, there is ... Read More »

The World Economic Forum: Disruptive Innovations are Reshaping Financial Services

We have recently come across this impressive document published by the World Economic Forum.  Our members should add it to their list of summer readings.  Especially those members who work in credit information services.  Credit and information are intertwined and whatever happens in the financial services sector will ultimately impact credit information.  Intelligent trading platforms which link buyers and sellers ... Read More »

Alibaba Group Announces Expansion of Cross-Border E-commerce Initiatives

Alibaba will set up country pavilions and cooperate with foreign embassies to enhance global trade between small businesses and the Chinese market Alibaba Group Holding Limited (NYSE:BABA), announced an expansion of its cross-border e-commerce initiatives, including the launch of 11 official country pavilions on its Tmall Global platform and cooperative partnerships between Juhuasuan, Alibaba’s group-buying platform, and 26 foreign embassies ... Read More »