China’s Alibaba Group has ankled two managing directors for its European expansion. Sébastien Badault is now the managing director of Alibaba Group France, and Terry von Bibra is now managing director of Alibaba Group Germany.
Gzhou-based Alibaba reported second quarter GMV grew to US$109 billion, a year-on-year increase of US$28 billion or 34.6% year-on-year (YOY).
Mobile GMV reached US$60 billion, an increase of 125% year-over-year, and accounted for 55% of total GMV transacted in its China retail marketplaces.
CardWeb.com’s CardData database of Company Profiles today features Alibaba.
Alibaba Group e-Commerce and MasterCard have signed a Memorandum of Understanding (MOU) to explore future collaboration in the area of e-Commerce. With the intention to forge joint efforts to establish an enhanced e-Commerce environment to benefit consumers and small businesses within and outside China, the two parties have also agreed to jointly address a strong mutual commitment to help combat intellectual property infringement. Both companies believe that innovation and collaboration are the drivers of development in e-Commerce, and are committed to fostering an enhanced e-Commerce environment that provides a safe and efficient payment experience for users of Alibaba Group’s platforms such as AliExpress and its affiliate Alipay.
Alibaba Group Holding Limited (“Alibaba Group”) and Alibaba.com Limited (HKSE: 1688; 1688.HK “Alibaba.com”) jointly announced that the proposal for the privatization of Alibaba.com by way of a scheme of arrangement (“Scheme”) has been approved by a sufficient majority of the independent shareholders of Alibaba.com at the Court Meeting today. Approximately 95 percent of the shares…
The Alipay system affiliated with Jack Ma’s Alibaba Group has received a license from China’s central bank to operate an electronic payment system in the country, allowing it to handle foreign exchange transactions, Internet payments, mobile payments and debit card services. The Alibaba Group restructured Alipay’s ownership structure, giving Ma full ownership control of the payment business, while Yahoo-43% owners in Alibaba-says the transaction flew under their radar.
Online shopping site Taobao and Yahoo! JAPAN have launched complementary online shopping services that connect
Japanese consumers with Chinese merchants and Chinese consumers with
Japanese merchants. Japanese consumers can now buy goods from Taobao merchants in China
through Yahoo! JAPAN China Mall, a new website
opened within Yahoo! JAPAN. Chinese consumers can buy Yahoo! JAPAN
Shopping goods through the new TaoJapan website opened as
part of Taobao. Consumers of both countries will be able to buy products
available in the other country exactly in the same way as they normally
shop from e-commerce platforms in their own country, bypassing the usual
barriers such as language, laws, delivery logistics, and payment issues.
Taobao and Alibaba.com Japan Co., Ltd. will jointly operate TaoJapan.
Alibaba.com Japan will serve as fulfillment service provider for Yahoo!
JAPAN China Mall. Yahoo! JAPAN has
approximately 52.11 million unique users monthly and about 2.03 billion
page views daily. It includes search, content, community, e-commerce,
and mobile services among its many services.
E-commerce provider Alibaba Group will earmark 0.3% of annual revenues to fund efforts designed to spur environmental awareness and conservation in China and around the world. The focus of Alibaba Group’s conservation strategy will be on clean water and better air. This financial commitment is part of a comprehensive plan to drive greater understanding of environmental issues and to mobilize Alibaba Group’s customers, partners and employees toward actions that will lead to a cleaner environment for generations to come. Today’s announcement is the first step toward mobilizing hundreds of millions of people to get involved by spreading the word through Alibaba Group’s user bases and platforms.
Other member companies of Alibaba Group, including Taobao, Alipay, China Yahoo! and Alibaba Cloud Computing, will all take up their pro rata share of this commitment. The revenue contributions will be paid into a dedicated environmental fund annually and the fund will be administered internally by a team of dedicated employees of Alibaba Group. In addition to creating a fund to finance environmental projects, the Group is also devoting significant human resources, focus and attention to this effort.
Small business e-commerce provider Alibaba.com Limited now is offering PayPal on the
“AliExpress” platform. With this agreement, AliExpress merchants can now avail their customers
with PayPal as a fast and secure payment option. Businesses will now be
able to easily source goods through AliExpress using PayPal in their
preferred local currency. PayPal is one of the leading online payment
platforms in the world with more than 84 million active accounts and
more than 8 million merchants in 190 markets and 24 currencies around
the world. AliExpress allows customers to
tailor orders to the needs of their small businesses, offering
smaller-quantity orders, instant online transactions, and an escrow
service to protect buyers and sellers. The alliance will provide customers around the world with the
convenience and protections that PayPal has built over its 12-year
history, in addition to the escrow service offered on the AliExpress site.
NICE Systems announced that B2B e-commerce provider Alibaba.com placed an initial order for
NICE SmartCenter solutions for two of its VoIP contact centers.
NICE SmartCenter will provide Alibaba.com contact center supervisors
with precision quality management to ensure customer satisfaction and
foster customer loyalty. It will enable supervisors to proactively
evaluate and improve the quality of service provided to customers
calling about Alibaba.com’s services and for technical support. By
targeting key calls as well as correlating them with agent screen
activity, supervisors will be able to more accurately identify how agent
behaviors are impacting quality of service, and develop programs for
performance improvement where needed. NICE’s solutions address the needs of the enterprise
and security markets, enabling organizations to operate in an insightful
and proactive manner, and take immediate action to improve business and
operational performance and ensure safety and security. NICE has over
24,000 customers in more than 135 countries.
Alipay has introduced an international service to Mainland China which
allows consumers to purchase goods and services directly from global
retailers. The company’s online payment solution serves both consumer
and business-to-business transactions and has over 50% of the market
share in China. The transaction support solution, being introduced with
Bank of China and China Construction Bank, allows users to shop from
home and is in response to statistics showing that shopping is the major
reason Chinese nationals travel. Mastercard projects that 19 million
Chinese will make overseas trips in 2H07. Alipay has over 47 million
users in China, 80,000 registering daily and an average daily transaction
volume of over RMB 150 million from 780,000 daily transactions. The
company’s parent, The Alibaba Group, is the largest e-commerce
company in China.
TaoBao.com has reportedly tripled its transaction volume for the 1st
half of 2007 to $2 billion USD. From a 65% share of the market, over
the past year the site has grown to obtain a 72.2% market share with
the number of users increasing by 80% to 39.9 million. These figures
are reflective of a growing feeling of comfort with shopping online
amongst the Chinese population. For the company’s business-to-
consumer channel, nearly 8,000 companies applied. Of the almost
2,000 companies that have been approved, including Motorola, P&G
and Logitech, the average daily trading volume exceeded 100 million