Taobao news and archive

Timeline: the rise and rise of Alibaba

This week was shaken by several news coming from Chinese e-commerce giant Alibaba. To start, the company’s founder and CEO, Jack Ma, announced his plans to retire in 2019. Daniel Zhang is set to be his successor. Today, Alibaba and Russian technology group Mail.ru said they would launch a joint e-commerce venture in Russia and former Soviet...

Business

Hiring not part of Alibaba pledge to create US jobs

Alibaba executive vice chairman Joseph Tsai said Tuesday he expects to boost US jobs by expanding the Chinese firm's e-commerce platform -- not by hiring American workers. Tsai, speaking at a California tech conference, made the comments to follow up on a headline-grabbing pledge earlier this year by Alibaba founder Jack Ma and US President...

Report

Alibaba quarterly profits almost double to 1.55 billion USD

Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping. Alibaba, which has made billionaire founder Jack Ma one of China's richest men is a dominant player in online commerce and its robust earnings highlight the strength of the sector even as the...

Report|TIMELINE

Does Alibaba do enough to fight counterfeit products?

In view of Alibaba's latest setback in its fight against counterfeit products - the US just returned its online platform Taobao to its blacklist of "notorious markets" last week - FashionUnited has taken a look at what steps the Chinese internet giant has undertaken over the past few years to combat fake products on its websites. As we follow...

Business

US returns Alibaba website to counterfeits blacklist

The United States on Wednesday put a division of the Chinese e-commerce giant Alibaba back on a blacklist of "notorious markets" known for selling counterfeit goods and violating intellectual property rights. The office of the United States Trade Representative (USTR), which removed Alibaba from its annual list four years ago, included the...

Report

Alibaba sales growth soars into the cloud

Chinese e-commerce giant Alibaba's sales soared 55 percent in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said Wednesday. The year-on-year growth in group sales, to 34.29 billion yuan (5.14 billion US dollars), was not matched by net profit, which slid 66 percent to 7.62 billion yuan...

Business

Alibaba increases anti-counterfeiting staff

New York - Alibaba has announced they will be adding 200 employees to help aid in their efforts against counterfeiting. The company's newly appointed chief platform governing officer Zheng Jungfend kept reiterating in a press conference that counterfeit products are "tumors of society." Alibaba Group currently has plans for data technology to be...

Business

Alibaba to sell FIT Grads' work

Alibaba has launched an initiative to support emerging designers. The online market platform will be selling the work of Fashion Institute of Technology graduates and other emerging designers as they announced yesterday, August 20, 2015, on their Taobao marketplace. Beginning yesterday and continuing until August 26, Taobao will hold an online...

Business

Alibaba rejects Kering's counterfeit lawsuit

London - Although Chinese e-commerce giant Alibaba is no stranger to being accusations concerning counterfeiting, the company has stepped forward and denounced a lawsuit filed last week by luxury conglomerate Kering, which claimed the Internet titan was encouraging and profiting from the sale of falsified products. Kering, parent company of...

Retail

Alibaba in hot water for counterfeiting

Alibaba has found themselves in trouble for counterfeiting. The American Apparel and Footwear Association (AAFA) has issued a letter to the United States government demanding that they take action against e-tailer Taobao, a site owned by Alibaba, for their counterfeiting practices. The letter discusses the "rampant proliferation" of counterfeit...

Business

Alibaba complains of 'misconduct' concerning SAIC report

Chinese e-commerce giant Alibaba has complained of 'misconduct' after local regulators accused the company of turning a blind eye to the sales of counterfeit goods on sites such as Taobao and Tmall. A report published by the Chinese government body SAIC (Trade and Commence) claimed that Alibaba allowed “illegal advertising” on its sites,...

Fashion

Alibaba to introduce 'Black Friday' in China, as Jack Ma eyes international expansion for Taobao

Chinese giant Internet conglomerate Alibaba has its sights set on global domination. Jack Ma, founder and CEO of the group, revealed during a meeting with the Chinese prime minister Li Keqiang plans to launch an international version of the company's online marketplace Taobao, although he did not specify when the roll out would occur. The move...