Alibaba Group

Alibaba Group Cainiao IPO Update and Share Purchase Offer Conference Call

Retrieved on: 
Tuesday, March 26, 2024
Online Retail, Retail, Technology, Other Technology, Software, Internet, Webcast, Taobao, HKD, RMB, BABA, Alibaba Group, HKEX

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) announced that its logistics subsidiary Cainiao Smart Logistics Network Limited (“Cainiao”) has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange.

Key Points: 
  • Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) announced that its logistics subsidiary Cainiao Smart Logistics Network Limited (“Cainiao”) has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange.
  • At the same time, Alibaba Group plans to offer to minority shareholders of Cainiao (including employees) an opportunity to sell all of the outstanding shares of Cainiao held by them to Alibaba Group for US$0.62 per share, representing a total consideration of up to US$3.75 billion (the “Offer”).
  • Cainiao shareholders may choose to accept the Offer and sell their shares to Alibaba Group for cash consideration or continue to own Cainiao shares.
  • Alibaba Group owns approximately 63.7% of the fully-diluted equity interest in Cainiao (including vested equity interests under Cainiao’s employee share ownership plan).

WIC briefs media on Digital Silk Road Development Forum

Retrieved on: 
Monday, April 1, 2024
Sustainability, Indian Red Cross Society, Friends, Intel, Sun, Belt, Culture, Communist party, Conference, Silk, Capacity building, Science, Education, Silk Road, ZTE, Economic development, SAP, Digital Connectivity, WIC, CPC, Micron Technology, Digital technology, Committee, Digital divide, Multimedia, Sustainable development, GSMA, Alibaba Group, Shanghai Cooperation Organisation, Cryptocurrency

BEIJING, March 31, 2024 /PRNewswire/ -- The World Internet Conference (WIC) Organization, together with Shaanxi provincial government, will host the Digital Silk Road Development Forum on April 16 in Xi'an, the provincial capital, the WIC announced at a press conference in Beijing on March 27.

Key Points: 
  • BEIJING, March 31, 2024 /PRNewswire/ -- The World Internet Conference (WIC) Organization, together with Shaanxi provincial government, will host the Digital Silk Road Development Forum on April 16 in Xi'an, the provincial capital, the WIC announced at a press conference in Beijing on March 27.
  • The WIC Digital Silk Road Development Forum, to be hosted by the WIC and organized by the People's Government of Shaanxi Province, is the first thematic event of the WIC with a focus on digital Silk Road.
  • Themed on "Connectivity and Shared Prosperity", the forum will hold extensive discussions on the following three topics: "Digital Connectivity and Cooperation in Building the Silk Road", "Silk Road E-commerce International Cooperation", and "Digital Villages and Sustainable Development".
  • In addition to the WIC Member Representative Symposium, the forum will also feature the launch of the WIC digital institute project and the digital Silk Road cross-border e-commerce seminar, in order to integrate high-standard resources to cultivate digital talents.

Alibaba.com Witnesses Notable Increase in U.S.-Based SME Buyers During Its Annual March Expo

Retrieved on: 
Thursday, March 21, 2024
Alibaba Group, Growth, SME, Video game

NEW YORK, March 21, 2024 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, today announced it has recorded a 14% increase in the number of active B2B buyers across the U.S. between March 1 and March 18 during this year's March Expo. March Expo is Alibaba.com's annual online trade fair that connects buyers and sellers from around the world to help them discover new products, services and possibilities to grow their business.

Key Points: 
  • March Expo is Alibaba.com's annual online trade fair that connects buyers and sellers from around the world to help them discover new products, services and possibilities to grow their business.
  • Along with the increase in active buyers in 2024, Alibaba.com has seen 10% year-over-year growth in the average daily transaction volume for the U.S. market for the same period (March 1-18) versus last year.
  • U.S. buyers turning to Alibaba.com during March Expo are focusing their efforts on sourcing apparel and accessories, consumer electronics, and home and gardening products.
  • With March Expo set to run until March 31, there is still time for buyers to capitalize on the variety of discounts, deals and guaranteed services on Alibaba.com.

Alibaba.com Records Strong Growth in the Number of UK SME Buyers at This Year's March Expo

Retrieved on: 
Thursday, March 21, 2024
Online, Alibaba Group, Skin care, Growth, Risk, Beauty, Watch, GMV, Jewellery, B2B, Calendar, Ali Baba, SME, Online shopping

LONDON, March 21, 2024 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, has recorded a positive rise in the number of active B2B buyers from the UK at this year's March Expo 2024.

Key Points: 
  • In the UK, the most popular category by active buyers was the Skincare & Tools – specifically face care – category.
  • According to Alibaba.com's B2B Sentiment Survey, surveying 500 UK SME decision makers, 51% of SMEs now source via online B2B marketplaces.
  • With a virtually limitless product catalogue, Alibaba.com offers UK buyers unique opportunities to source new products from suppliers around the globe.
  • Jijay Shen, General Manager, Europe, Alibaba.com said: "At March Expo, we have seen SMEs focus on building resilience and growth via digital sourcing, which is reflected increased number of buyers from the UK.

Highly Acclaimed by Global B2B Buyers, 16 Taiwanese SMEs Showcase Their International Trade Capabilities

Retrieved on: 
Tuesday, March 12, 2024
Yee, HSU, FMCG, LTD, Printing, ODM, Carbon, OEM, Competition, Golf, USD, Marketing, Alibaba Group, Certification, Data analysis, TIER, Electronics, The Hoffman Agency, SME, SIGMA, Textile, Communication, Motorcycle, ESG, DFK, AI, Ship, FUI, PEI, PAX, Growth, HARDWARE, Sports equipment, JET, OBM, CHIN, CNC, Ecosystem, ISO, Car, Online shopping

TAIPEI, March 12, 2024 /PRNewswire/ -- The 16 finalists of the 10th "Taiwan E-Talent Competition" officially announced on 6 March. The selected finalists include internationally recognized hidden champions, seasoned manufacturing companies, and emerging stars in international trade. The diverse industries and product categories highlight the strong capabilities of Taiwan's small and medium-sized enterprises (SMEs) in products and services, earning widespread acclaim.

Key Points: 
  • The selected finalists include internationally recognized hidden champions, seasoned manufacturing companies, and emerging stars in international trade.
  • Taiwan E-Talent Competition announced the top 16 finalists, demonstrating Taiwan enterprises' solid quality trusted by international buyers.
  • The top 16 SMEs selected have witnessed the pivotal role of AI technology, data analysis, and short video content in business transformation.
  • They have also challenged conventional operations to achieve remarkable results in the international market, some even have developed a "one-stop" service and integrated trade model.

AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

Retrieved on: 
Wednesday, March 13, 2024
Galaxy Macau, Public bank, COVID 19, Advanced Info Service, Average cost, Growth, Alibaba Group, WeChat Pay, Tourism, MGM, Government, HKEX, TrueMoney, European Economic Area, Life, Sport, Macau Pass, OCBC, Digital technology, SME, Naver Pay, Statistics, GCash, Ant Group

AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

Key Points: 
  • AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year
    (Hong Kong, February 23, 2024) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code: 8279) today announced its second interim results for the twelve months ended December 31, 2023.
  • • EBITDA of the Group for the 12-Month Period was approximately HK$39.5 million (Twelve months ended December 31, 2022: Negative EBITDA of approximately HK$37.7 million).
  • The profit for the 12-Month Period was approximately HK$29 million (12 months ended December 31, 2022: loss of approximately HK$131 million).
  • The change from operating loss to profit was mainly due to: (1) the increase in total revenue; (2) the increase in net finance income.

Alibaba Releases Report on Cross-Border Trade's Positive Impact on the U.S. Economy

Retrieved on: 
Wednesday, March 6, 2024
RMB, HKD, Computer, Growth, Alibaba Group, Electronics, Sale, HKEX, Electron capture, GDP, Care, NDP, BABA, Employment, Gross domestic product, Online shopping

NEW YORK, March 6, 2024 /PRNewswire/ -- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group")  recently announced findings from a new report highlighting Alibaba's positive impact on the U.S. economy and how its e-commerce platforms support U.S. businesses. The report reflects positive growth in both retail sales and employment numbers in the U.S. resulting from the sale of American products to Chinese consumers through Alibaba's range of online marketplaces and platforms.

Key Points: 
  • New report quantifies the positive economic impacts of cross-border trade conducted by businesses leveraging Alibaba platforms, tools and solutions
    NEW YORK, March 6, 2024 /PRNewswire/ -- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group")  recently announced findings from a new report highlighting Alibaba's positive impact on the U.S. economy and how its e-commerce platforms support U.S. businesses.
  • As such in 2022, $66.2 billion in sales from U.S. brands to Chinese consumers on Alibaba platforms helped to add $52.9 billion to the U.S.
  • Gross Domestic Product (GDP) and supported over 403,000 U.S. jobs, according to the report compiled by NDP Analytics and commissioned by Alibaba.
  • For more information on Alibaba and the report, please visit Alibabapowersbusinesses.com .

Alibaba.com's Annual March Expo Highlights Small Business Sourcing Trends and Rolls Out More Guaranteed Services

Retrieved on: 
Thursday, February 29, 2024
Online, Alibaba Group, Growth, Internet, SME, Optimism

A shift in sourcing strategies is notable, as two-thirds (66%) of SMEs indicated they plan to increase their reliance on online global sourcing in 2024.

Key Points: 
  • A shift in sourcing strategies is notable, as two-thirds (66%) of SMEs indicated they plan to increase their reliance on online global sourcing in 2024.
  • "That's why we are expanding our guaranteed services to provide entrepreneurs with peace of mind when making purchasing decisions crucial to their growth."
  • These 'guaranteed services' will enable U.S. SMEs to source even more efficiently, allowing them to order directly from Alibaba.com without having to negotiate with suppliers.
  • This new approach to online sourcing offers B2B buyers guaranteed fixed prices, on-time delivery and hassle-free refunds.

Alibaba.com's March Expo 2024 to help provide sourcing solutions for UK B2B buyers

Retrieved on: 
Tuesday, February 27, 2024
Livestreaming, Alibaba Group, Research, Negotiation, SME, Optimism

LONDON, Feb. 27, 2024 /PRNewswire/ -- UK SMEs are feeling increasingly confident about the future of their businesses, according to the 'Alibaba.com B2B Sentiment Survey' released today by Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce.

Key Points: 
  • According to the research, 68% of UK SME decision-makers surveyed are more positive* about their business growth opportunities, compared to last year.
  • At March Expo 2024, more 'guaranteed services' will enable UK SMEs to source even more efficiently, for example by ordering directly from Alibaba.com without negotiating with suppliers.
  • This new approach offers B2B buyers guaranteed fixed prices, on-time delivery, and hassle-free refunds.
  • B2B buyers can connect with quality suppliers showcasing their factories through livestreams, and thousands of virtual-reality showrooms.

AliExpress Order Volume Surges 60%, Driven by Choice

Retrieved on: 
Thursday, February 8, 2024
Growth, Alibaba Group, The Spring Festival, Spring Festival, AliExpress, Online shopping

The catalyst behind this robust growth is AliExpress' Choice, a premium service introduced in March 2023.

Key Points: 
  • The catalyst behind this robust growth is AliExpress' Choice, a premium service introduced in March 2023.
  • Thanks to Choice, customers in a growing number of markets now enjoy perks including free shipping, assured on-time delivery and free returns.
  • In January 2024, nearly half of the AliExpress orders were placed through Choice, underscoring the service's rapidly increasing customer adoption.
  • Gary Topp, AliExpress European Commercial Director, expressed enthusiasm about Choice's impact: "The introduction of Choice represents a watershed moment for AliExpress.