Alibaba's GM For Xianyu Business Resigned
According to reports in Chinese local media, Chen Lei, general manager of Xianyu Business Division, has departed Alibaba.
Alibaba
YTO Express Transferred 12% Share To Alibaba
According to an announcement published by YTO Express, Jiaolong Group, Yu Weijiao and Zhang Xiaojuan plan to transfer 379 million shares to Alibaba at the price of CNY17.406 per share and the transferred shares account…
Alibaba LST GM To Take Over RT-Mart
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.
Alibaba's Beijing Headquarters Lays Foundation
With a total investment of CNY6.4 billion, Alibaba Group's Beijing headquarters park formally laid foundation in Chaoyang District.
Alibaba Acquired NetEase's Kaola.com For USD2 Billion
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, Marriott To Set Up JV In China
Alibaba Group and Marriott International announced a comprehensive strategic deal.
Alibaba To Acquire 18% Stake In Lianhua Supermarket
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.
JD Rumored To Invest In Indonesian E-commerce Company
China's JD is reportedly currently negotiating with PT Tokopedia, an e-commerce company in Indonesia, for a potential investment deal.
Germany's Aldi Focuses On Chinese E-commerce Sales
Germany's leading retailer Aldi has entered Alibaba's Tmall.hk, the international site of Tmall.
Taco Bell Brings Its Nachos To China
Iconic American fast food taco, burrito, and nacho chain Taco Bell has arrived again in China.