WASHINGTON—U.S. trade officials acknowledged steps by Alibaba Group Holding Ltd. to curb the sale of counterfeit goods on the Chinese company’s Taobao.com platform but left the e-commerce site on the list of “notorious markets” that the U.S. deems deficient in preventing intellectual-property violations. “There continues to be a high amount of infringing goods available on the Taobao platform,” an official with the U.S. trade representative’s office told reporters Thursday, as the office released its annual piracy report.... … [Read more...] about Alibaba’s Taobao.com Still a ‘Notorious Market’ Despite Improvements, U.S. Says
Lulu Yilun Chen, Bloomberg Published 9:04 am PST, Friday, November 9, 2018 Jack Ma, chairman of Alibaba Group Holding Ltd., at the International Monetary Fund and World Bank Group Group Annual Meetings in Nusa Dua, Bali, Indonesia, on Oct. 12, 2018. Jack Ma, chairman of Alibaba Group Holding Ltd., at the International Monetary Fund and World Bank Group Group Annual Meetings in Nusa Dua, Bali, Indonesia, on Oct. 12, 2018. Photo: Bloomberg Photo By SeongJoon Cho. Photo: Bloomberg Photo By SeongJoon Cho. Image 1 of / 1 Caption Close Image 1 of 1 Jack Ma, chairman of Alibaba Group Holding Ltd., at the International Monetary Fund and World Bank Group Group Annual Meetings in Nusa Dua, Bali, Indonesia, on Oct. 12, 2018. Jack Ma, chairman of Alibaba Group Holding Ltd., at the International Monetary Fund and World Bank … [Read more...] about Alibaba goes international to hit new singles’ day record
By Sarah White and Pascale DenisPARIS (Reuters) - China's online giants Alibaba <BABA.N> and JD.com <JD.O> are taking their battle for relevance in the lucrative luxury goods market to a new level, as they aim to crack e-commerce tie-ups with top brands that usually shun selling through third parties.From Hugo Boss <BOSSn.DE> to La Perla underwear, the online shopping giants have recruited dozens of labels since launching their rival luxury sites in mid-2017, touting their access to a trove of consumer data and their grip on local payments systems in the world's biggest market for high-end fashion.But some of the most prized names have so far remained aloof, and the race is on to attract the likes of LVMH's <LVMH.PA> Louis Vuitton: a brand notorious for only selling its handbags and other wares through its own stores and websites. Both are banking that even elusive outsiders will tire of trying to fly solo in China, where potential clients shop far more by … [Read more...] about Vying for Vuitton: China’s e-commerce rivals seek luxury stranglehold
Hong Kong (CNN Business)One of Net-a-Porter's best-selling items in China right now is a studded Valentino bag that costs $2,489. The luxury retailer wants to sell a lot more of that kind of fashion item in the growing Chinese market, and it has tapped the country's biggest e-commerce company, Alibaba, to do so. Yoox Net-a-Porter and Alibaba (BABA) are establishing a joint venture to launch two mobile apps for Chinese customers, one for Net-a-Porter which caters to women, and one for Mr. Porter which sells men's fashion. Net-a-Porter and Mr. Porter will also launch online stores on Alibaba's shopping website Tmall. The companies didn't say when the apps or the online stores would go live. A slowing economy won't keep Chinese shoppers from buying Gucci bags Net-a-Porter launched a Chinese version of its website in 2013 before it merged with Yoox in 2015. Swiss luxury conglomerate Richemont (CFRHF) gained control of the combined company earlier this year. Read More … [Read more...] about Net-a-Porter, Alibaba team up in China
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by The New New World ByLi Yuan Oct. 3, 2018 HONG KONG — The comments were couched in careful language, but the warning about China’s direction was clear. China grew to prosperity in part by embracing market forces, said Wu Jinglian, the 88-year-old dean of pro-market Chinese economists, at a forum last month. Then he turned to the top politician in the room, Liu He, China’s economic czar, and said “unharmonious voices” were now condemning private enterprise. “The phenomenon,” Mr. Wu said, “is worth noting.” Mr. Wu gave rare official voice to a growing worry among Chinese entrepreneurs, economists and even some government officials: China may be stepping back from the free-market, pro-business policies that transformed it into the … [Read more...] about Private Businesses Built Modern China. Now the Government Is Getting Involved.