Germany’s Aldi Teams Up with Alibaba’s Tmall

German supermarket franchise Aldi has been taking ground from Australia’s dueling retail giants, Woolworths and Coles since 2001. It now hold around 15 percent of the supermarket space with 350 stores across the country and A$4 billion ($3 billion) in annual sales. With the help of Tmall Global, operated by Alibaba, Aldi is now expanding

Alibaba Group Opens Australian and New Zealand Headquarters in Melbourne

Alibaba Group Holding Limited on Saturday [4 February 2017] opened its Australian and New Zealand (ANZ) headquarters in Australia’s Melbourne. “With a local office and expert team, Alibaba Group will help Australian and New Zealand businesses share their world-famous products with billions of customers around the world,” Jack Ma, Alibaba Group Founder and Executive Chairman

USA’s Silver Lake Private Equity and China’s Primavera Capital Group Are Among a Group of Early Round Investors in Alibaba’s Koubei

Alibaba Group Holding Ltd’s on-demand services unit is close to securing $1.2 billion of funding for expansion after getting backing from first-time investors including Silver Lake Management and China’s sovereign wealth fund, people familiar with the matter said. The latest round for Koubei, which deals in local services such as food delivery, will surpass a

Alibaba’s Ant Financial Services Plans to Dole Out CNY 1 Trillion in Rural Loans Over the Next 3 Years

Ant Financial Services Group, Alibaba Group Holding Ltd’s financial-services affiliate, has ramped up its expansion in rural finance-with the company announcing on Tuesday [20 December 2016] that it will provide so-called acquaintance-based loan services, big data-based online loan services and supply chain financing for the rural population in China. Acquaintance-based loan services is a new