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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 »

Yelp No longer Looking to Sell

Yelp shares fell more than 13% on Thursday July 2after Bloomberg reported that the company is not looking to sell itself. According to the Bloomberg report, based on interviews with people familiar with the matter, Yelp had been approached by several companies but is no longer interested in selling soon. Yelp hired Goldman Sachs after receiving interest from a potential buyer, according ... Read More »

Alibaba Choses India Based TDI as Channel Partner

Alibaba Group has roped in advertising agency TDI International as its first official channel partner in India.  The partnership will allow TDI’s mobile and internet vertical to sell alibaba.com’s gold membership packages to the small-and-medium sized businesses in the country. “We have been the leader of Outdoor Advertising in India since 1986 and the tie-up with Alibaba.com is a natural progress in the digital ... Read More »

Alibaba’s Jack Ma Lays Out U.S. Strategy

Alibaba’s U.S. strategy is about getting more American companies on its platform to sell to Chinese consumers — not about trying to market to U.S. consumers, the company’s founder and executive chairman, Jack Ma, emphasized on Tuesday. “We need more American products to go to China,” Ma said at Tuesday’s Economic Club of New York gathering at the Waldorf Astoria ... Read More »

Alibaba launches Korea Pavilion on Tmall.com

Alibaba Group, has announced the launch of a Korea Pavilion on its Tmall.com platform.  Tmall.com’s Korea Pavilion opened on 18th May and allows any Korean retail goods to be listed. Tmall.com’s Korea Pavilion was introduced in a ceremony at the aT Center by Jack Ma, founder and executive chairman of Alibaba Group, and Choi Kyunghwan, Deputy Prime Minister of Korea. ... Read More »

Google Brings Indian Business Information Online

A five month trial of the online business registration service Google My Business (GMB) has seen over a million small and mid-size businesses (SMBs) registering in India. With an average of 25,000 businesses signing up to the app each week, the tech giant is hoping to capture the details of some 20 million businesses in the country by 2017. Google’s ... Read More »