Tag: China

Snap Inc files for $3-4.2bn IPO as it positions itself as a camera company

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.

Whittards joins Tmall

Whittard of Chelsea is selling tea to Chinese consumers via Alibaba’s Tmall Global online marketplace.

Sainsbury’s steps up China sales

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.

Singles Day beats best expectations

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.

Alibaba buys Youku Tudou for $3.7bn

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.