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Alibaba Group to Pay USD 433.5 Mln to Settle Shareholder Class Action Lawsuit

Alibaba Group, 10/27/24

Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK) announced today in a filing with the Hong Kong Stock Exchange that it had agreed to pay USD 433.5 mln to settle a U.S. class-action lawsuit filed by investors alleging monopolistic practices. Read More

Best Inc. Expands into Indonesia with Cross-Border and SaaS Services

Best Inc., 8/29/24

Chinese smart supply chain and logistics services company Best Inc (NYSE: BEST) today held an opening ceremony in North Jakarta, Indonesia, announcing the official launch of cross-border supply chain services and full-scenario, full-link SaaS solution services in Indonesia. Read More

AliExpress and Spain's InPost Offer Users Out-of-Home Pickup Options

Alibaba Group, 10/06/23

Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK) announced today that its international e-commerce platform, AliExpress, is offering its users in Spain the opportunity to receive orders via InPost's hybrid network of 5,000 smart lockers and pick-up points. Read More

Alibaba's 'Cainiao' Logistics Arm Submits IPO Prospectus to HKSE

Marbridge Consulting, 9/26/23

Cainiao Smart Logistics Network Limited, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), submitted an IPO prospectus to the Hong Kong Stock Exchange today. Read More

Tmall to Shutter 'Maoxiang' B2C Direct Sales Platform on September 30

E-Commerce News, 8/01/23

Tmall, the B2C e-commerce platform of Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK), recently issued a notice advising users that it will close its 'Maoxiang' self-operated stores from September 30. Read More

Alibaba's Freshippo Grocery Chain Opens 12 More Stores

Sohu, 6/30/23

Freshippo, the high-tech grocery chain of Chinese internet giant Alibaba Group (NYSE: BABA; 9988.HK), announced today it has opened 12 more stores in eight cities across mainland China, including Beijing, Shanghai, and Guangzhou. Read More

Alibaba's Cainiao to Roll Out 5-Day Delivery Service Globally

Alibaba Group, 6/28/23

Cainiao Network, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), pledged today to deliver cross-border parcels within five working days, which it said would be 30% faster than the industry standard. Read More

Alibaba Launches 'AliExpress Choice' Deep Discount Service

Alibaba Group, 2/28/23

AliExpress, a global retail marketplace operated by Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK), officially announced today the launch of a new service, "AliExpress Choice," which will offer a curation of the best value products the platform has to offer and a new monthly shopping event "Choice Day." Read More

Alibaba Sports Changes Name to Orange Lion Sports

21st Century Business Herald, 6/24/22

Alibaba Sports, the sport unit of Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK), has rebranded as Orange Lion Sports. Read More

Alibaba's Cainiao to Build Intelligent Delivery Distribution Centers in Pakistan

Cainiao, 6/17/22

Cainiao, the logistics unit of Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK), announced today in a WeChat post that it plans to build two intelligent delivery distribution centers in Pakistan. Read More