CEO of Alibaba’s Freshippo grocery retail chain, Hou Yi, has announced expansion plans to open 10 more Freshippo X Stores in 2021. The first store is profitable within two months of the store opening The first X Store, Alibaba’s membership-only wholesale store, opened in October last year in Shanghai. Hou Yi revealed that the store is making profit by end of 2020, merely two months from t...

China has imposed a record fine of CNY18.2 bn (US$2.8 bn) on Alibaba, one of the country’s largest online retailers, after an investigation found the ecommerce giant violated China’s anti-monopoly law. A slap on the wrist: painful but bearable On Monday 12 April, Alibaba accepted a CNY18.2 bn (US$2.8 bn) fine from China’s competition watchdog, the State Administration for Market Regulation ...

China’s two ecommerce giants, Alibaba and Tencent, are collaborating for the first time, which will see Alibaba’s bargain online shopping platform Taobao Deals offered as a mini-program on Tencent’s multipurpose super app WeChat A move prompted by the China’s anti-trust regulators The collaboration means that users of Taobao Deals can now pay via WeChat Pay. Alibaba has long barred the u...