Snapchat’s parent company has admitted it faces a challenge to convince advertisers to spend more of their budgets with the service as it preps for one of the biggest tech public offerings in years. It has only been running ads for a few months, and said it sees its future as a camera company.
British jeweller Beaverbrooks has become of the first retailers in the UK to offer the Alipay payment service.
Marketing giant Dentsu Aegis Network has acquired Shanghai-headquartered ecommerce firm Bluecom for an undisclosed sum.
Flight search firm Skyscanner, has been acquired by Chinese online travel giant Ctrip for £1.4 billion
This year the total gross merchandise value of goods sold on Alibaba’s marketplace Tmall on Singles Day was $17.8 billion, compared with $14.3 billion in 2015, predominantly driven by mobile.
The British Museum is working with Alibaba’s online licencing platform Alifish, to target Chinese buyers.
Whittard of Chelsea is selling tea to Chinese consumers via Alibaba’s Tmall Global online marketplace.
Sainsbury’s is set to step up online sales of its groceries in China following a successful trial on Alibaba, doubling the number of its products that are available on Alibaba’s Tmall Global online marketplace.
Waitrose has announced a deal to sell to China through the Royal Mail Store operating on Alibaba’s Tmall Global.
China’s online shopping holiday ‘Singles’ Day’ has broken all previous records, lead by ecommerce giant Alibaba, with a shopping total alone of $14.3 billion, up 60 per cent on 2014.
China’s leading ecommerce giant Alibaba has bought China’s equivalent of YouTube, online video site Youku Tudou, in a cash deal estimated to be worth $3.7 billion.
China’s ecommerce giants are under increasing pressure to act on the level of fake goods available for sales on its online malls.