First, they came for the millennials. And then for the gazillionaires. A few years ago a study suggested millennials would rather trust their financial services to Apple and Google, and the bankers scoffed. (It also suggested they would rather visit a dentist than a banker.) Capgemini’s latest annual Wealth Report

Australian start-up Inspace XR is on its way to Shanghai after winning the Australian and New Zealand division of Alibaba Cloud’s pitch competition. Held at Haymarket over the weekend, the inaugural event called Create@Alibaba saw eight finalists from Sydney, Melbourne, Canberra and New Zealand pitch ideas, ranging from a consumer

Alibaba Group

Alibaba is spending US$807 million to increase its ownership of loss-making Cainiao Smart Logistics Network from 47 per cent to a majority stake of 51 per cent. Cainiao was founded in 2013 by an Alibaba-led consortium and, at last count, its platform processed around 55 million packages per day on


Alibaba’s profit nearly doubled for the quarter ended June 30, bolstered by the strength of its core commerce division. During the period net income was US$2.1 billion, up 96 per cent compared to the corresponding period a year earlier. Revenue was $7.4 billion for the quarter an increase of 56

Sydney,Australia - February 20, 2016: A QANTAS Boeing 737 taxies towards the terminal after landing at the city's airport. QANTAS is the flag carrier for Australia.

Qantas will be the first Australian airline to open an online store on Alibaba’s travel platform, Fliggy. Formerly known as Alitrip, Fliggy is a major direct sales platform for airlines targeting the China market, with more than 20 international carriers running online booking stores. The store is part of Memorandum

Photo by Ashim D’Silva on Unsplash

Alibaba and Marriott International have established of a joint venture to cash in on the growing number of Chinese international travellers. The joint venture will manage the Marriott’s storefront on Fliggy, Alibaba’s travel service platform. It will also market directly to Alibaba’s customer base, linking between Marriott’s loyalty programs and

Following its Australian launch last year, Alibaba’s Cloud computing division is bringing its global start-up competition to Australia. Haymarket HQ, an Australian start-up hub with a focus on Asia, has partnered with Alibaba Cloud to bring the Create@Alibaba Cloud start-up contest to the region. “We see a growing trend in

Groceries, Amazon, Whole Foods Market

Chinese ecommerce giant Alibaba has opened three new supermarkets in China this week, continuing its expansion into the world of bricks and mortar retail. Alibaba has ambitions to transform conventional retail — a strategy it calls New Retail — by leveraging its substantial consumer reach, rich data and technology to


The 11th of July, 2017 — also known as Prime Day — was the biggest-ever sale day in Amazon history. How big? Amazon won’t say, exactly. The Seattle-based retailer doesn’t reveal revenue or gross merchandise volume for the 30-hour event. It did reveal that this year Prime Day “grew by

Alibaba has increased its stake in Southeast Asian e-commerce platform Lazada from 51 per cent to approximately 83 per cent. The deal values Lazada at US$3.15 billion, reflecting a significant increase in the value of Lazada since Alibaba first acquired its majority stake in April 2016. Lazada, which will continue