Alibaba news and archive

Alibaba: AI bet erodes profits

Beijing - Chinese e-commerce giant Alibaba Group Holding Limited (Alibaba) announced on Wednesday an 18 percent drop in its annual net profit. The results were weighed down by a price war in China and ambitious investments in artificial intelligence (AI). The Hangzhou-based group (eastern China) operates some of China's largest online shopping...

Fashion

AAFA study: Fashion fakes not only hurt brands but are also dangerous to health

Counterfeit apparel, footwear and accessories present serious chemical and product safety hazards to consumers. This is the conclusion of a recent study titled “Unboxing Fake Fashion Unleashing Real Dangers”. It was released by the American Apparel & Footwear Association (AAFA), and supported by total assurance quality provider Intertek. As part...

Retail

Europe unites against ultra-fast fashion: eight countries call on Brussels to “strengthen” mobilisation

Led by France, eight European countries are calling on the European Commission and member states to “strengthen” their “collective mobilisation” against the “systemic risks” they believe are posed by e-commerce platforms such as Shein and its competitors. The letter was sent to Brussels on Monday. “We call on the Commission to mobilise strongly...

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Business

Chinese smart glasses firms eye overseas conquest

In China, AI glasses let the wearer pay in shops with just a glance at a QR code and a voice command, as a growing number of companies look to conquer both growing domestic and overseas markets. Interest in smart eyewear is soaring worldwide after more than a decade of stalled promise, with advances in artificial intelligence sparking a fresh...

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Business

Alibaba denies report accusing it of supporting Chinese army against US

Beijing - Chinese e-commerce giant Alibaba on Saturday denied to AFP an article in the Financial Times (FT) that accused it of assisting in Beijing's military operations against the US. Alibaba “provides technical support for the ‘operations’ of the Chinese army against US targets,” stated the report from the British newspaper published on...

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Business

Alibaba to transform B2B sourcing with agentic AI

E-commerce giant Alibaba has announced the integration of agentic AI capabilities into the user journey of its business-to-business (B2B) marketplace. Launched under the 'AI mode' feature, this technological innovation aims to transform the processes by which professionals discover, evaluate and interact with suppliers. Even more impressive than...

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Business

Aliexpress strengthens European presence with local warehouses

Chinese online marketplace AliExpress has brought its services closer to European customers. The company further expanded its European strategy with the launch of the new fulfilment channel, Local+. With this initiative, AliExpress aims to shorten delivery times by shipping products from local warehouses in Europe. To this end, the company...

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Business

China's Alibaba says annual revenue up six percent year-on-year

Internet giant Alibaba posted on Thursday a six percent increase in annual revenue, the latest positive sign for China's tech sector despite persisting economic uncertainties. The firm's revenue during the fiscal year ended March 31 totalled 996.3 billion yuan (138.2 billion dollars), according to results posted to the Hong Kong Stock Exchange,...

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Business

China turns inward as U.S. tariffs upend export-driven retail models

As escalating U.S. tariffs reshape the global trade landscape, Beijing is pivoting towards domestic consumption to shore up its export-reliant industries. The move, which carries significant implications for the international fashion supply chain, signals a critical rebalancing of China’s manufacturing-led growth model. In a joint statement...

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Business

Alibaba sells majority share in Sun Art Retail Group

Chinese marketplace giant Alibaba has announced the sale of over 7.5 billion shares in the Sun Art Retail Group Limited, offloading its 78.7 percent stake in the retail chain. Alibaba Subsidiaries and New Retail entered into a sale and purchase agreement with the purchaser, DCP Capital, at a total consideration of around 12.3 billion Hong Kong...

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Business

Korea’s Shinsegae partners with China's Alibaba Group

Korean departmental stores chain Shinsegae has formed a strategic partnership with China’s Alibaba Group, to strengthen its position in South Korea’s e-commerce market. According to the Reuters report, the company said in a regulatory filing that the joint venture will be formed partly by Shinsegae investing its 100 percent stake in South Korean...

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Business

China's Alibaba says to sell department store arm for 1.3 billion dollars loss

China's Alibaba said Tuesday that it had agreed to sell department store chain Intime at a $1.3 billion loss, as the tech giant trims down its operations with competition intensifying in the country's cutthroat e-commerce market. Alibaba said in a statement to the Hong Kong Stock Exchange that Intime would be sold to "a consortium of purchasers...