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

Alibaba Looks to Leverage “Double 12” Shopping Promotion to Grow its Koubei E-Commerce Platform

Koubei, the online-to-offline or O2O e-commerce platform backed by internet giant Alibaba Group Holding, expects to give overseas offline stores a sales boost and provide internet-based finance for more merchants during the “Double 12” (Dec 12) shopping festival on Monday [12 December 2016]. The company said from Dec 10 to 12, more than 1 million

Tmall and Yiguo.com Hold Online Promotions for Ecuadorian Mangoes

For the first time in China, mango lovers will be able to purchase Ecuadorian mangoes online. The tropical fruit’s entry into the Chinese market was signaled by the November 15 launch of a big Ecuadorian mango promotion campaign between Ecuador and Chinese online shopping platforms Yiguo.com and Tmall in Shanghai…Full Article: The Global Times Nov