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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
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