Alibaba

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Alibaba-backed Bilibili sees sixfold increase in e-commerce revenue and healthy user growth, but widening losses

Its offerings are rooted in animation, comics, and games.

1 min read

Ant Financial, Xiaomi, and the world’s largest battery maker CATL are among Yunfeng’s investments.
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Chinese retailer Suning and Jack Ma’s Yunfeng Capital form USD 2.5 billion private equity fund
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But global industry leaders are locked out of the lucrative Chinese market.
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Chinese smart speaker apps saw 822% hike in installations last year
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About 40% of merchants in areas frequented by Chinese tourists accepted Chinese mobile payments in 2018.
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Tmall International sees sky-high jump in tourism and sales over May holiday
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The big retailer began lagging behind in its digital transformation after founder Huang Guangyu was sentenced to 14 years in prison in 2010
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Gome, once China’s largest retailer, opens a store on Alibaba’s Tmall
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Litigation has lasted for four years.
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Alibaba settles a federal securities class action lawsuit with USD 250 million
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The company is gradually trimming delivery lead times to Europe.
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Alibaba deepens roots in Europe with a new partner in France
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Aquatic products including golden scallops and clams sold in Alibaba’s Hema fresh produce stores in Guangzhou were contaminated with chloramphenicol, a broad-spectrum antibiotic, reported Chines
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Antibiotics found in aquatic produce in Alibaba’s Hema stores
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Chinese people account for one-third of luxury sales worldwide.
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McKinsey report highlights China’s thriving luxury sector
2 mins read