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Tag: Chinas

China’s Club Factory, Retail News, ET Retail

New Delhi: Club Factory, a Chinese ecommerce player in India, said it is operating on a marketplace model in the country and is aligned with Indian laws. The government is looking to amend rules to stop citizens from receiving duty-free “gifts and samples” valued at under Rs 5,000 from overseas companies. This follows media reports …

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What is Alibaba, China’s e-commerce giant?, Retail News, ET Retail

Shanghai, Nov 15, 2019 -Formed in the Hangzhou flat of co-founder Jack Ma in 1999, Alibaba has ridden the seemingly insatiable Chinese appetite for online shopping to become one of the world’s most valuable companies. On Friday, the US-listed company confirmed plans to add its value further, but listing additional shares in Hong Kong in …

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China’s Alibaba invests $3.3 billion to raise stake in logistics unit Cainiao, Retail News, ET Retail

SHANGHAI – China’s e-commerce giant, Alibaba Group Holding , said on Friday it would invest an additional 23.3 billion yuan ($3.33 billion or £2.6 billion) to raise its equity stake in its logistics affiliate Cainiao Smart Logistics Network to 63% from 51%. Alibaba co-founded Cainiao in 2013, with partners including department store owner Intime Group, …

China’s Alibaba invests $3.3 billion to raise stake in logistics unit Cainiao, Retail News, ET RetailRead More