Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
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
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.