China’s state-run anti-monopoly bureau has tightened its regulations on big tech players, as shown by its recent move against the country’s largest e-commerce company, Alibaba Group. Alibaba was hit with a record antitrust fine of 18.2 billion yuan (more than A$3.6 billion) over the weekend for supposedly abusing its market dominance. The company, which operates… Read more »
Alibaba, Jack Ma’s ecommerce giant, celebrated 20 years in business in April. Over that time, the online marketplace has grown from a startup in an apartment in Hangzhou in East China to employ more than 100,000 people in 30 business units. The US-listed multinational now has a market capitalisation of US$452 billion (AU$660bn) and… Read more »
National Australia Bank (NAB) has announced a collaboration with Chinese payment platform Alipay that will allow its merchants to take payments from customers via Alipay.
Australia’s transaction value through Alipay during China’s Golden Week holiday last week ranked 9th globally, with the number of transactions up 105 percent on 2017.
Australian infant formula business Bubs Australia is gearing up for growth in China, today announcing the opening of a store on Alibaba’s Tmall Global platform
Alibaba Group’s has partnered with Chemist Warehouse, Blackmores, Swisse and Sanofi Consumer Healthcare to boost the profile of health products in China.
Integrating with WeChat, DaigouSales offers an ecommerce marketplace allowing Australian brands to sell their products directly to Chinese consumers.
Haymarket HQ, the Sydney startup hub focused on companies seeking to work in the Chinese market, has announced a partnership with Alibaba Cloud to launch the Create@Alibaba Cloud Startup Contest (CACSC) down under.
Australia Post has announced a partnership Alibaba and Blackmores to combat the sale of counterfeit Australian food across China.
The MDEC has announced the development of new digital startup hubs and incentives that it hopes will attract Australian startups to Malaysia.
After months of expanding its dealings in Australia, Alibaba Group this weekend officially opened its Australian and New Zealand headquarters in Melbourne, with the local office to be headed up by Maggie Zhou.
Alibaba has announced a new alliance with twenty other large brands to combat fake goods, the aptly named Alibaba Big Data Anti-Counterfeiting Alliance.
According to KPMG, 35 percent of online purchases made in Australia and New Zealand were imported, with 25 percent coming from North America and Europe.
The Commonwealth Bank of Australia (CBA) has today announced the signing of a Memorandum of Understanding (MoU) with Ant Financial Services Group’s mobile and online payment platform, Alipay.