freshippo

Alibaba Cancels Cloud Group Spinoff, Blames U.S. Chip Export Restrictions

Alibaba Group has nixed plans to spin off its Cloud Intelligence Group as a separate company, citing recently expanded U.S. export controls…

Alibaba Cloud Unit CEO Steps Down; Freshippo IPO Reportedly Delayed

Alibaba’s former Chairman and CEO Daniel Zhang has stepped down from his roles with the company. Zhang, who had been named CEO…

Q2 Results Roundup: Walmart and TJX Shine, Target and Home Depot Stumble

The nation’s two biggest big-box retailers, Walmart and Target, reported markedly different results for their second quarters. For the three-month period ending…

Alibaba Boosts Q2 Revenue 14%

For the first three-month period following its March 2023 corporate restructuring into six distinct businesses, Alibaba Group increased Q2 revenue 14% year-over-year…

Update: Alibaba’s Freshippo Plans to Open Additional Stores as it Preps for IPO

Alibaba has opened 12 new Freshippo supermarkets in eight Chinese cities, including Beijing, Shanghai and Guangzhou. Earlier in June, Freshippo executives met…

China’s Antimonopoly Fine Leads to First Quarterly Loss for Alibaba Since Going Public

The number of active users on Alibaba Group’s ecommerce platforms topped 1 billion for the first time in fiscal year 2021, but…

Buoyed by 11.11 Festival, Alibaba Posts Strong Q3 with Revenue Up 37%

Alibaba Group recorded revenue of RMB 221 billion ($33.9 billion USD) in Q3 2020, a period that included the annual Singles’ Day…

Exclusive Chris Walton Q&A: Why The Store Of The Future Is Already Here

At the RetailX event in Chicago this June, Chris Walton, CEO of Omni Talk and Third Haus, will present a session titled:…

Exclusive Q&A: How Long Will The ‘Amazon Effect’ Continue To Rock Retail?

Despite the millions of words that have been written about Amazon, its actions often remain mysterious — so much so that the…

NRF2019 Recap: Alibaba, Kroger, Walmart Supercharge Supermarkets; Target Store Investments Pay Off

The NRF 2019 Big Show filled New York City’s Javits Center with people (37,000 attendees) and exhibitors (800+) as well as several…

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