According to reports in Chinese local media, Lin Xiaohai, Alibaba's vice president and general manager for LST, will be new CEO of RT-Mart and directly report to Alibaba CEO Zhang Yong.
With a total investment of CNY6.4 billion, Alibaba Group's Beijing headquarters park formally laid foundation in Chaoyang District.
NetEase and Alibaba jointly announced strategic cooperation and Alibaba Group will invest USD2 billion to fully acquire NetEase's cross-border e-commerce platform Kaola.com.
Alibaba Group and Marriott International announced a comprehensive strategic deal.
Chinese e-commerce group Alibaba and the Internet fresh food platform Yiguo signed an equity transfer contract, under which Alibaba will purchase 18% shares of Lianhua Supermarket from Yiguo.
China's JD is reportedly currently negotiating with PT Tokopedia, an e-commerce company in Indonesia, for a potential investment deal.
Germany's leading retailer Aldi has entered Alibaba's Tmall.hk, the international site of Tmall.
Iconic American fast food taco, burrito, and nacho chain Taco Bell has arrived again in China.
With behemoths like Alibaba.com, JD.com, Suning.com, Amazon has lots of competition in China. But the company is still focused on recruiting more Chinese small businesses to boost its export goods services.
Yum Brands announced plans to double the number of its restaurants in China.