Alibaba

Klarna

Ant Financial, owner and operator of the Chinese payment platform Alipay, has taken a minority stake in Swedish payments and shopping platform Klarna, as the two companies deepen their partnership to bring more innovative and convenient financial services to consumers worldwide. This investment in Klarna by Ant Financial, the payment

Alibaba has reported a 38 per cent revenue increase from the prior year reaching US$23.2 billion however, the company warned the impact of the Novel Coronavirus will likely hit its results next quarter.  In an earnings call, Daniel Zhang, CEO of Alibaba Group said food delivery orders are down year-on-year

Once upon a time digital disruptors were able to build products and enjoy rapid growth without having to spend big on advertising. In other words, the product was the marketing.  Or as marketing veteran Karen Ganschow puts it in this week’s cover story: ”If you create a great solution to

Wechat

Chinese internet conglomerate Tencent is targeting Australian and New Zealand marketing budgets, offering a suite of digital advertising tools to reach mainland Chinese consumers.  Ian Chan, Head of Business Development, Tencent International Business Group, a division under Tencent Holdings Limited which is responsible for expanding business such as its cloud

The world’s busiest shopping day has wrapped up for 2019, setting a new record for the value of online transactions processed in a 24-hour period.  This year Alibaba generated US$38.4 billion of gross merchandise volume (GMV) during its November 11 sale, an increase of 26 per cent compared to 2018.

Alipay

Australians visiting China will now be able to use Alipay, the popular Chinese digital payment platform, during their trip. Alipay has today announced that for the first time ever, international visitors to the Chinese mainland can now access and use Alipay, the mobile payment and lifestyle platform used by more

alibaba office china

Alibaba’s revenue increased 40 per cent from the prior year to US$16.6 billion in its first quarterly earnings report since founder Jack Ma stepped down as executive chairman.  Annual active consumers on its China retail marketplaces hit 693 million, a 19 million increase from the prior quarter. It’s mobile monthly

How can Australian retailers address the big challenges of staying relevant in a world increasingly driven by omnichannel engagement and new transaction types which require offline and online integration? Historically, change in retail has sometimes been fast and at other times appeared slower, yet as an industry sector retail has

The world’s largest online sale is expected to be even bigger this year, and the company behind it wants to make it more environmentally friendly.  Preparations are underway for Alibaba’s 11.11 sale, also known as Singles’ Day. First held in 2009, 11.11 has now grown into weeks of discounts and

NAB Alipay

Overall transaction volume on Alipay increased 25 per cent in Australia during Golden Week – a week-long national holiday in China – compared to last year’s corresponding week. The growth was riven by strong growth in the luxury retail sector, and solid performances by airport and duty-free stores, pharmacies, and