Latest news with #AlibabaGroup
The Independent
a day ago
- Business
- The Independent
E-tailers eye Europe to boost sales
Chinese cross-border online retailers are strengthening efforts to expand into Europe to attract new customers and bolster sales. Eyeing the growing demand for online shopping in European countries, particularly among younger shoppers, Chinese e-commerce players are providing cost-effective products to local consumers by leveraging efficient logistics and supply chain networks, according to industry experts. AliExpress, Chinese tech company Alibaba Group's cross-border e-commerce platform, recently opened its services to local merchants in Poland. Over the past year, AliExpress has appealed to a batch of well-known Polish companies, and this strategic move will further bolster the platform's business growth in the local market. AliExpress said some local merchants can enjoy benefits like zero deposit and commission-free services for the first three months, and directly sell their products to consumers from Poland and countries around the world. Data from market research company Euromonitor International showed that AliExpress and Polish online shopping platform Allegro are the two most popular e-commerce platforms in Poland, the largest e-commerce market in Central and Eastern Europe. To better support the operations of local merchants, AliExpress has partnered with more than 10 leading overseas warehouse service providers to roll out 'certified warehouses' covering the United States, Spain, France, Germany, the United Kingdom, and Poland. The certified warehouses will provide faster deliveries and smoother shopping experiences for overseas buyers. According to global research firm Statista, the revenue of Europe's e-commerce market is expected to reach $707.9 billion (£526.88 billion) in 2025, with a compound annual growth rate of 7.95 per cent, and the figure is projected to touch $961.27 billion (£715.47 billion) by 2029. Hong Yong, an associate research fellow at the Chinese Academy of International Trade and Economic Cooperation, said European nations have high consumption capacities and efficient and convenient logistics infrastructure, while local shoppers have developed mature online shopping habits, providing an ideal market environment for the development of cross-border e-commerce. 'As European consumers have shown surging demand for online purchasing in the post-pandemic era, Chinese e-commerce platforms could further expand their footprint there by offering commodities with high cost-effectiveness and localised operation and services,' Hong said. Temu, a cross-border e-commerce app owned by Chinese online discounter PDD Holdings, is expanding its presence in European countries in an attempt to diversify its customer base. According to Consumer Edge, a data insights and market intelligence company, Temu's growth in the European Union surged more than 60 per cent year-on-year in early May, with France leading the charge at nearly 100 per cent growth. TikTok Shop, the e-commerce marketplace of popular short-video app TikTok, which is owned by Chinese tech company ByteDance, has made inroads into Europe with its rollout in Germany, France and Italy.
Time of India
a day ago
- Business
- Time of India
China tech cos ramp up M&A deals with blessing of Beijing
After a chastening crackdown that wiped billions off their value and forced top executives out of the public eye, China's technology giants are back in favour and on the front foot, making deals and snapping up assets. At the top of the pile are Alibaba Group and Tencent , two huge players that used to compete for acquisitions until their wings were clipped by Chinese authorities concerned about their wide and powerful reach. Nowadays, with China's economy struggling to pick up much growth momentum and tensions with the US and others rumbling on, the govt's stance has shifted, especially with regard to key areas such as AI and tech more broadly. Tencent's music platform agreed to buy podcasting startup Ximalaya this month, a step forward in its bid to be China's Spotify. That followed a Tencent subsidiary snapping up a nearly 10% stake in SM Entertainment, a rare Chinese investment into a South Korean company in recent years. In April, Ant Group -- of Alibaba pioneer Jack Ma, who disappeared from view in 2020 after criticising regulators - became controlling shareholder of Bright Smart Securities. "Chinese tech firms have been actively looking at acquisition opportunities both domestically and abroad, seeking new growth areas," said Ho-Yin Lee, head of Citigroup investment banking group.
Business Wire
2 days ago
- Business
- Business Wire
Alibaba Group Announces Filing of Annual Report on Form 20-F for Fiscal Year 2025
HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), 'Alibaba' or 'Alibaba Group') today announced that it filed its annual report on Form 20-F for the fiscal year ended March 31, 2025. The annual report can be accessed under the SEC Filing section on the Company's investor relations website at The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Alibaba Group, 26/F Tower One, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong, S.A.R., the People's Republic of China or via email at investor@ About Alibaba Group Alibaba Group's mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It does not pursue size or power. It aspires to be a company that will last for 102 years.
Mid East Info
3 days ago
- Business
- Mid East Info
Hibrid and Alibaba Cloud Sign MoU to Deliver Advanced Streaming and Comprehensive Infrastructure Solutions Across Middle East and GCC
Hibrid, a leading UAE-based provider of innovative streaming technology, has announced a strategic collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to offer comprehensive streaming and infrastructure services to customers throughout the Middle East and the Gulf Cooperation Council (GCC) region. This collaboration combines Hibrid's cutting-edge streaming platform with Alibaba's robust infrastructure capabilities to enhance content delivery, optimize network performance, and provide scalable solutions tailored to the unique needs of the Middle Eastern market. The partnership aims to empower businesses across various sectors, including media, telecommunications, and entertainment, by facilitating seamless streaming experiences backed by AI-powered technology and reliable infrastructure. 'We are excited to join forces with Alibaba Cloud to bring state-of-the-art streaming and infrastructure solutions to the Middle East and GCC,' said Victor Sawma, Founder and CTO of Hibrid. 'Together, we will help our customers unlock new opportunities by delivering high-quality, low-latency streaming services supported by strong, scalable, and advanced infrastructure. This partnership marks a significant step forward in our mission to drive digital transformation in the region.' 'We are thrilled to collaborate with local industry leaders like Hibrid to provide advanced media solutions powered by Alibaba Cloud's robust cloud infrastructure to businesses in the region,' said Eric Wan, General Manager of the Middle East, Turkey, and Africa, Alibaba Cloud Intelligence. 'Through this partnership, we are dedicated to building a sustainable and thriving ecosystem that supports our local customers and partners to fully embrace and benefit from digitalization in the era of AI.' The combined expertise of Hibrid and Alibaba Cloud is expected to further improve content delivery networks, reduce latency, facilitate the setup and launch of streaming platforms for customers through a one-stop-shop environment, and enhance overall user experience for end-users. Both companies are committed to continuous innovation and customer-centric solutions that align with the rapidly evolving digital landscape in the Middle East and GCC. About Hibrid: Hibrid is a UAE-based company specializing in performance streaming technology, and dedicated to providing innovative, scalable, and highly customizable streaming solutions that support a broad range of industries. Known for its advanced, reliable platform and customer-first approach, Hibrid helps businesses deliver high-quality, monetizable streaming experiences across the globe. About Alibaba Cloud: Established in 2009, Alibaba Cloud ( is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning, and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world's leading public cloud IaaS service providers since 2018, according to IDC.
The Standard
5 days ago
- Business
- The Standard
Alibaba merges Ele.Me, Fliggy into e-commerce arm
The logo of Alibaba Group is lit up at its office building in Beijing, China. REUTERS
