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Alibaba sells remaining direct stake in Paytm for Rs 1,378 cr

The e-commerce major divested its remaining 3.3 per cent direct stake in One97 Communications, which operates under the Paytm brandNew Delhi: Chinese e-commerce major Alibaba on Friday divested its remaining 3.3 per cent direct stake in One97 Communications, which operates...

Alibaba Group unveils plans for 2020 11.11 Global Shopping Festival

Alibaba Group Holding Limited kicked off its 11.11 Global Shopping Festival with new innovations and features to meet rapidly changing consumer trends. These include the participation of Alipay’s digital lifestyle platform; broader consumer reach and bigger promotions; ‘double’ the number...

Tmall Luxury connects high-end brands with China’s ‘new luxury’ Gen Z consumers

Tmall Luxury, China’s leading online destination for high-end and designer brands, announced new features to bolster luxury brands’ connections with China’s Gen Z, a digital-first fashion-forward customer base that is fast becoming a driver of global luxury consumption. Tmall Luxury...

Global Retailers in India: Moves, leaps & hurdles

India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...

Alibaba to acquire full ownership of China online delivery platform Ele.me

Alibaba Group Holding Limited has announced that the company will acquire all outstanding shares that it does not already own in Ele.me, a leading online delivery and local services platform in China, in a transaction that implies the enterprise...

Alibaba Group, Auchan Retail and Ruentex form new retail strategic alliance

Alibaba Group Holding Limited, Auchan Retail and Ruentex Group has announced a strategic alliance that brings together their online and offline expertise to explore new retail opportunities in China’s food retail sector. As part of this strategic alliance, Alibaba Group...

Alibaba's Singles' Day fest sale hits US $25bn

The Chinese e-commerce major Alibaba grossed over US $25 billion in its 24-hour long 11.11 Global Shopping Festival on Saturday. The company sold US $25.38 billion (168.2 billion Chinese Yuan) worth of goods within 24 hours of its annual sales...

K Group enters into cooperation with Alibaba to open a food online store in China

K Group has entered into cooperation with Alibaba to open a food online store in China. The aim of the cooperation between K Group and Alibaba on this project is to export Finnish food brands to the growing market in...

Alibaba.com helps resellers improve biz, expand presence in global markets

Trading platform Alibaba.com has hosted a workshop for Indian resellers of gold, jewellery and handicraft products to help improve their business and expand their presence in the global markets. Alibaba.com is the global wholesale trading platform of Alibaba Group. Over 350...

Alibaba intensifies brick-and-mortar push with Bailian Group tie up

Alibaba Group has announced the formation of a strategic partnership with the Shanghai-based retailer Bailian Group to accelerate an effort to employ technology to shake up old-fashioned retail. The Chinese e-commerce giant is planning to help upgrade some of Bailian’s...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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