Browsing: retail

Squeezed margins, ‘new retail’ and possible Ant Financial IPO – five takeaways from Alibaba’s Q3 earnings

1. Alibaba stake in Ant Financial paves the way for payments company to go public Alibaba Group Holding, which owns the South China Morning Post, said late on Thursday that it would gain a 33 per


Read More
China’s November retail sales rise as malls hold their own against the onslaught of online retailers

Major department stores and shopping malls in China reported an increase in sales in November, with the categories expanding by 3.2 per cent and 7.4 per cent, respectively, compared with the same period in 2016. These


Read More
Alibaba to take US$486 million stake in China retail data firm

China’s biggest e-commerce company, Alibaba Group Holding, will invest US$486 million for a stake in a domestic big-data firm focused on hotels and retail, as part of a push to deepen its offline presence. The firm


Read More
Alibaba, Tencent rally troops amid $10 billion retail battle

China’s tech giants Alibaba Group Holding and Tencent Holdings, worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers’ digital wallets. Since the start of


Read More