Alibaba Posts Profit on E-Commerce Demand Ahead of Potential IPO

Alibaba Headquarters | Source: Reuters

Jan. 28 (Bloomberg) -- Alibaba Group Holding Ltd., China’s online marketplace for products from Louis Vuitton bags to Boston lobsters, swung to a quarterly profit ahead of a potential initial public offering.

Net income attributable to ordinary shareholders was $792 million in the three months ended September, up from a loss of $246 million a year earlier, according to a presentation from Yahoo! Inc., which owns a

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Sina Will Focus on Mobile in Alibaba Alliance as Earnings Falter

BEIJING, China — Sina Corp., owner of China’s largest Twitter-like service, will push into mobile e-commerce through an alliance with Alibaba Group Holding Ltd. to revive flagging advertising sales. Alibaba, operator of the Taobao Marketplace and Tmall.com retail sites, will help Sina better target merchants wanting to place ads on its Weibo microblog service, Sina Chief Executive Officer Charles Chao said on a call today after the company posted a first-quarter loss. The call marks Sina’s first public comments detailing the partnership since Alibaba paid $586 million for an 18 percent stake in Weibo in April. Sina is focusing on mobile platforms to bolster earnings from advertising, its biggest sales contributor, after recording the smallest revenue gain in three years in 2012.…

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China’s Anti-Corruption Campaign is Masking the Real Causes of the Luxury Slowdown

A Gucci store in Beijing | Source: Shutterstock

Contrary to numerous reports, broad changes in Chinese consumer behaviour and sentiment — not the country’s much publicised anti-extravagance campaign — are the likely causes of China’s luxury slowdown, says Anne Zhang, a reporter for Chinese business magazine CBNweekly.

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Future of Armani, ASOS soars, Intelligent e-commerce, Taobao luxe, Masters of Parsons

Giorgia Armani | Source: Bartarinha

The Future of Armani (WSJ Magazine) “Few people in the fashion world are as entwined with their brands. In most companies, a creative director designs and an executive manages. Armani does both. Many important designers, including Karl Lagerfeld and Marc Jacobs, work under contract for brands that aren’t their own. Armani hasn’t designed for anyone else in more than 30 years.” ASOS profit jumps on overseas

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Burberry downgraded by JP Morgan, Uniqlo online in China, Apparel prices slip, theOutnet.com launches

Burberry Store, courtesy of Bloomberg

Burberry cut to neutral at J.P. Morgan (WSJ) “J.P. Morgan downgraded fashion company Burberry group to neutral from overweight, saying the group is now trading at a 5 percent discount to the luxury goods sector, compared to a historical average discount of 20 percent.” Taobao Partners with UNIQLO to Grow China’s Online Fashion Market (Businesswire) “UNIQLO, a new-style casual wear brand under Japan’s leading

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