Alibaba May Have to Handle SCMP With Kid Gloves


Alibaba Group last week announced that it has entered an agreement to buy the South China Morning Post and other media assets of SCMP Group. Alibaba, which claims to be the world’s largest online and mobile commerce company, said its vision was to provide objective coverage of China to readers around the English-speaking world. The South China Morning Post, a Hong Kong-based English language daily, is known for its tough coverage of Beijing despite the mainland government’s frequent attempts to interfere with media coverage.

The original article can be found here: http://www.ecommercetimes.com/story/82875.html?rss=1

Powered by WPeMatico

Alibaba Crushes Global Online Shopping Day


Alibaba on Wednesday settled $14.3 billion worth of gross merchandise volume via Alipay, the company’s online payment solution, during China’s 11.11 Global Shopping Festival. That surpassed last year’s $9.3 billion. Mobile GMV settlements accounted for about 70 percent of this year’s sales. By 2 p.m. China time, more than 70 million mobile buyers had made purchases worth $7 billion, and Cainiao Logistics, the Alibaba Group’s logistics affiliate, had received 310 million delivery orders.

The original article can be found here: http://www.ecommercetimes.com/story/82745.html?rss=1

Powered by WPeMatico

Luxury brands sue Alibaba, accusing e-commerce giant of profiting from trade in counterfeits

The owner of fashion brands Gucci and Yves Saint Laurent has accused Alibaba Group in a lawsuit of profiting from sales of counterfeit goods despite the Chinese e-commerce giant’s pledge to combat the trade in fakes.

The original article can be found here: http://www.foxnews.com/tech/2015/05/18/luxury-brands-sue-alibaba-accusing-e-commerce-giant-profiting-from-trade-in/

Powered by WPeMatico

How will Alibaba measure up to America's online retail giants?

Following its IPO on Friday, analysts are watching closely to see how the Chinese e-commerce giant Alibaba measures up against U.S. online retail stalwarts like Amazon.com, Overstock.com, and eBay as it looks to stake its claims with North American consumers.

The original article can be found here: http://www.foxnews.com/tech/2014/09/19/how-will-china-alibaba-measure-up-to-amazon-ebay/

Powered by WPeMatico