Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Hangzhou, China
Retail
Alibaba Reports $56 Billion Sales as Singles' Day Gets Into Full Swing
The four-day sale has so far brought sellers 16 times as many orders by value than Amazon's global Prime Day last month.
Alibaba Reports $56 Billion Sales as Singles' Day Gets Into Full Swing
The four-day sale has so far brought sellers 16 times as many orders by value than Amazon's global Prime Day last month.
China
Alibaba Beats Quarterly Sales Estimates
The group's core e-commerce business continues to grow post-pandemic.
Alibaba Beats Quarterly Sales Estimates
The group's core e-commerce business continues to grow post-pandemic.
Retail
Alibaba Launches 'Outlet' Platform to Shift Luxury Overstock
China's biggest e-commerce company said it was piloting the new Luxury Soho platform to run alongside its Tmall Luxury Pavilion flagship site.
Alibaba Launches 'Outlet' Platform to Shift Luxury Overstock
China's biggest e-commerce company said it was piloting the new Luxury Soho platform to run alongside its Tmall Luxury Pavilion flagship site.
Global Markets
Alibaba's AliExpress Warns of Possible Coronavirus Delays
Alibaba Group warned in February of a drop in revenue as the coronavirus hit supply chains and deliveries.
Alibaba's AliExpress Warns of Possible Coronavirus Delays
Alibaba Group warned in February of a drop in revenue as the coronavirus hit supply chains and deliveries.
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Global Markets
Alibaba Sales Beat Estimates
The e-commerce giant's record-breaking annual Singles' Day shopping blitz drove strong quarterly results.
Alibaba Sales Beat Estimates
The e-commerce giant's record-breaking annual Singles' Day shopping blitz drove strong quarterly results.
Global Markets
Report: Alibaba Undercuts Amazon to Woo Wary European Brands
China's e-commerce giant is targeting key markets such as Spain with reduced monthly fees and commission for vendors, according to sources familiar with the matter.
Report: Alibaba Undercuts Amazon to Woo Wary European Brands
China's e-commerce giant is targeting key markets such as Spain with reduced monthly fees and commission for vendors, according to sources familiar with the matter.
Financial Markets
Alibaba Raises Additional Funding in Hong Kong Listing
The e-commerce giant raised an additional HK$13.17 billion after its landmark listing last month, the city's largest share sale in nine years.
Alibaba Raises Additional Funding in Hong Kong Listing
The e-commerce giant raised an additional HK$13.17 billion after its landmark listing last month, the city's largest share sale in nine years.
Luxury
Alibaba’s Luxury Venture With Richemont Goes Online in China
The joint venture will operate under Richemont's Net-a-Porter brand, and present 130 brands in one location on the Tmall e-commerce site.
Alibaba’s Luxury Venture With Richemont Goes Online in China
The joint venture will operate under Richemont's Net-a-Porter brand, and present 130 brands in one location on the Tmall e-commerce site.
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Technology
Alibaba Leads Investment in Taiwanese Augmented Reality Start-Up
Alibaba will use Perfect Corp’s virtual try-on technology when selling products like lipstick and eyeliner on its Taobao and Tmall online shopping platforms.
Alibaba Leads Investment in Taiwanese Augmented Reality Start-Up
Alibaba will use Perfect Corp’s virtual try-on technology when selling products like lipstick and eyeliner on its Taobao and Tmall online shopping platforms.
News & Analysis
Jack Ma Ends 20-Year Reign Over Alibaba
After amassing a $41.8 billion fortune, the former English teacher steps down as executive chairman of China’s largest company on his 55th birthday.
Jack Ma Ends 20-Year Reign Over Alibaba
After amassing a $41.8 billion fortune, the former English teacher steps down as executive chairman of China’s largest company on his 55th birthday.
News & Analysis
Alibaba Strikes $2 Billion Deal for NetEase-Owned Kaola Online Mall
The acquisition marks a rare partnership between two of China’s largest internet giants.
Alibaba Strikes $2 Billion Deal for NetEase-Owned Kaola Online Mall
The acquisition marks a rare partnership between two of China’s largest internet giants.
News & Analysis
Report: Alibaba Postpones Hong Kong Listing Amid Protests
The e-commerce giant could launch the deal as early as October, depending on whether political tensions ease and market conditions improve, according to a source familiar with the matter.
Report: Alibaba Postpones Hong Kong Listing Amid Protests
The e-commerce giant could launch the deal as early as October, depending on whether political tensions ease and market conditions improve, according to a source familiar with the matter.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.