Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Using a combination of word-of- mouth and advertising, Alibaba Group Holding Ltd. is tapping the millions of Chinese outside its homeland from Singapore to San Francisco to accelerate global expansion.
Alibaba Group Holding Ltd., China’s largest e-commerce company, is emerging in Brazil as a challenger to entrenched foreign rivals EBay Inc. and Amazon.com Inc. as consumers seek cheap imports.
The upcoming Alibaba IPO is expected to raise north of $21 billion when it debuts on the New York Stock Exchange, but American retail investors show lacklustre enthusiasm.
Three billionaires from China’s property and Internet industries are forming an online shopping venture to challenge Alibaba Group Holding Ltd. as it heads toward what may be the biggest initial offering in the U.S.
Stuck in a ‘catch-22’ in its relationship with luxury brands, Chinese e-commerce juggernaut Alibaba should take a page from Google, maximising revenue in the short term, while buying critical time to build enduring relationships with Western brands, argue Brian Buchwald and Joshua Neckes.