Jack Ma Steps Down as Director of Alibaba Group
According to the announcement of the Alibaba Group's annual shareholders meeting, Jack Ma will no longer serve as a director of Alibaba Group from now on in accordance with a series of inheritance arrangements two years ago.
Alibaba's 'Spring Thunder Plan' Helps Sell 800,000 Agricultural Products
Alibaba: 832 Counties Have Exceeded CNY 310 Billion in Sales in the Past 5 Years
Tmall: Hour-Delivery Service Has Covered 483 Cities Nationwide
Alibaba International Station: GMV in September Increases by 133% YoY
Du Haitao, Manager of Tmall's Marketing Division to Leave
China's Fourth Telecom Operator Established, Alibaba as Second Shareholder
Having been long dominated by the three major telecom operators – China Mobile (CHL:NYSE, 00941:HK), China Unicom (CHU:NYSE, 00762:HK), and China Telecom (CHA:NYSE, 00728:HK), the Chinese telecom operator industry now has another player on the table, namely the China Broadcasting Network International. The company is partly state-backed and partly held by private companies such as Alibaba – that company's (BABA:NYSE, 09988:HK) investment arm, with equity percentage at 9.88% , constitutes the second-largest shareholder.
Before the company's official establishment, the China Radio and Broadcasting group has already received the 5G network operation license from China's Ministry of Information and Technology (MIIT) in late 2019. The entrance of radio and broadcasting company into the telecom operator realm is inevitable, as the TV programs are transitioning from the local radio signal delivered to Internet-based. After the China Broadcasting participating in the operator business, it can be expected that the TV network in China can be the same as the mobile phone network, which breaks the current geographic constrains.
The company will release SIM card numbers that start with '192' to the Chinese consumers soon. As part of the strategic agreement that the China Broadcasting reached with China Mobile, the users of the former, which currently only have the 5G network services provided, can also access the 4G network provided by China Mobile.
Alibaba: Alibaba Cloud is Expected to be Profitable in the Fiscal Year of 2021
Alibaba: Annual Investment in Technology and R&D Exceeds CNY 100 Billion
Alibaba Expects Its Cloud Arm to Break Even in 2021
Alibaba Global Investor Conference: 70% of New Users are from the Sinking Market
On September 28, Alibaba's 2020 annual global investor conference was held online. Jiang Fan, the President of Tmall, outlined how, in the first quarter of 2020, Tmall's physical product transaction growth rates reached 27%. And the growth rate of core categories such as apparel, fast-moving consumer goods, and consumer electronics significantly exceeded the growth rate of the Chinese retail market.
The annual active consumers of Alibaba's retail market in China reached 742 million, and the monthly active users increased by 119 million, of which 70% of new users came from the sinking market. The two paid memberships of '88VIP' and 'Taobao Money Saving Yueka' have continued to grow.
The brand flagship store has been an essential product for merchants on Tmall over the past ten years. Flagship Store 2.0 helps merchants use digital technology and mini-programs to draw more accurate consumer figures. As of the end of August 2020, Tmall flagship store 2.0 had covered 270,000 merchants.
Taobao live broadcast has driven the boom of e-commerce live broadcast. In the past 12 months, Taobao Live's turnover exceeded CNY 300 billion. The number of live broadcast users increased by 160% year-on-year, and the year-on-year growth rate of merchants participating reached 220%.
In the apparel industry where Taobao has the largest transaction scale, Alibaba's new manufacturing platform 'Xunxi' will provide small and medium businesses in these apparel fields with a data-driven, flexible manufacturing production supply chain.
JD.com: The Number of PLUS Members Exceeds 20 Million
Suning: Net Profit for the First Three Quarters to be CNY 503-753 Million
Pinduoduo: Agricultural Products' GMV to Exceed CNY 250 Billion in 2020
Ele.me: Ten Billion Subsidies Extend to 124 Cities to Fight Against Meituan
MINISO Sets IPO's Price at USD 20/share, Higher Than the Guidance Range
EqualOcean is an international information service provider and investment research firm that aims to become a global platform for industrial innovation.
We strive to make technology inclusive, accessible and transparent.
Join over 70,000 of your peers
9 Xiaguangli, 10F Block A CEC Development Mansion, Chaoyang Dc, Beijing 100125, China
A002, 5F, Ai Tower, 701 Yunjin Road, Xuhui Dc, Shanghai 200232, China
800 Third Ave, 28F, New York, NY 10022, USA
Interviews with analysts
Products & prices
Customers & evaluation
Copyright ©2020 EqualOcean.com. All rights reserved.