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The Latest Breaking News from Tmall

Chinese Tech Giant Alibaba's Quarterly Profit Shrinks 29 Percent

Chinese e-commerce giant Alibaba reported a 29 percent fall in quarterly profit on Thursday as it battles sluggish consumption during an economic slowdown.

International Business Times

Apple slashes iPhone prices in China for the second time this year as local competition pressures its sales

Analysts say the out-of-character price cut is a "strategic move" to help Apple shore up its position in the world's second-largest economy.

Fortune

Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags

Shoppers were treated to deep discounts, new products and payment plans as online merchants sought to revive their sluggish appetite for spending during China’s first major online shopping festival after the end of zero-COVID policies

The Independent UK

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Consumption soft even amid deep discounts during major China shopping festival, analysts say

Chinese consumers have been snapping up billions worth of items in China’s first major online shopping festival after emerging from the pandemic as merchants slash prices, but analysts say that consumer confidence still remains weak as China re-emerges from the pandemic

The Independent UK

Alibaba tools help vendors cash in on 11:11 festival

Chinese e-commerce giant Alibaba Group Holding has vowed to support merchants with the necessary tools to help them succeed in its 11.11 global shopping festival, which was officially launched yesterday.

Bangkok Post

How to make a brand big in China

China has been very important for Thailand in terms of both the tourism and export sectors.

Bangkok Post

H&M Returns to Alibaba’s Tmall, 16 Months After Xinjiang Controversy

Swedish fashion giant H&M's (HMb.ST) official store on Alibaba's (9988.HK) Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's criticisms of human rights abuses in Xinjiang. The re-opening was first noticed by Chinese netizens and confirmed by a Reuters search of the…

Asharq Al-Awsat

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Chinese splash out on tech goods, camping gear in shopping fest

BEIJING: High-end home appliances and camping gear were among Chinese shoppers' most sought-after buys during the "618" shopping festival, according to e-commerce platforms, in a sign of how China's Covid-19 curbs are driving lifestyle changes.

Bangkok Post

Alibaba Logs Slowest Revenue Growth But Investors See Bright Side

Key Takeaways: Alibaba’s revenue for the January-March quarter increased 8.9% year-on-year, the slowest pace for any quarter since it went public Yet revenue beat analyst expectations, driven by the China commerce and cloud businesses By Tina Yip

Benzinga

Amazon to close Kindle e-bookstore in China

Beijing (AFP) - US tech giant Amazon said Thursday that it will stop operating its Kindle e-bookstore in China from next year, closing the chapter on a massive consumer market.

AFP

Amazon to close Kindle bookstore in China

Beijing (AFP) - US tech giant Amazon said Thursday that it will stop operating its Kindle e-bookstore in China from next year, closing the chapter on a massive consumer market.

AFP

Alibaba Continues Restructuring; CEO Daniel Zhang Steps Down From Tmall, Taobao

Alibaba Group Holding Ltd (NYSE:BABA) Chair and CEO Daniel Zhang stepped down as Chairman and General Manager of Zhejiang Tmall Technology Co., Ltd. and Taobao (China) Software Co., Ltd, the Pandaily reports. Trudy Dai will succeed Zhang. There are currently 16 companies under Zhang’s name, six of which he holds the position…

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