China’s Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China’s vast and growing middle class.
Alibaba Group Holding Ltd. turned an obscure Chinese holiday into the country’s biggest shopping event. Now it’s aiming to take the success of Singles’ Day global by tapping foreign brands, including Calvin Klein and Blue Nile Inc.
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.
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
Chinese e-commerce goliaths like Taobao provide a powerful platform for start-up fashion and apparel e-tailers, reports Genevieve Flaven.
For a large number of international apparel brands, the route into China’s fast-growing e-commerce market often involves Tmall. BoF investigates.
BEIJING, China — With its burgeoning middle class and status-conscious consumer culture, China remains the primary engine driving luxury market growth, even in a rapidly weakening global economy. But recent reports from China’s National Bureau of Statistics show that even China’s economy is experiencing what one Chinese cabinet member called a “sharp slowdown.” For fashion brands operating in China, this presents a distinct