Alibaba, Ant Financial, and TDAP partner to support growth of SMEs in Pakistan through e-commerce

Alibaba, Ant Financial, and TDAP partner to support growth of SMEs in Pakistan through e-commerce

Hangzhou, China, 2017-May-19 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA), the world’s largest online and mobile commerce company, has announced the signing of a memorandum of understanding (MoU) with the Trade Development Authority of Pakistan (TDAP) during Prime Minister Nawaz Sharif’s visit to the Alibaba Headquarters in Hangzhou, China.

Alibaba Group’s Executive Chairman, Jack Ma and Prime Minister Nawaz Sharif witnessed the signing of the Memorandum of Understanding. Michael Evans, President of Alibaba Group, and Douglas Feagin, Senior Vice President of Global Business of Ant Financial, signed the Memorandum on behalf of Alibaba and Ant Financial, respectively.

Prime Minister of Pakistan, Mian Muhammad Nawaz Sharif said: “I am honored to have had the opportunity to visit the Alibaba Headquarters in Hangzhou, China. Today by entering into this agreement with Alibaba and Ant Financial we further strengthen mutual cooperation and look to bring about a positive change for our small and medium enterprises. With the support of the Alibaba Group and Ant Financial we hope to elevate our local businesses to new heights and bring them into the realm of the e-commerce platform.”

Alibaba Group’s Executive Chairman, Jack Ma said: “With the globalization of e-commerce, developing countries are well-placed to support the growth of their small and medium enterprises and to seize opportunities which can help bolster their economies. E-commerce has been established for developing countries and for SMEs. Pakistan has seen significant progress in recent years and we look forward to working together with TDAP to further enhance the potential of their SMEs through the signing of this MoU.”

Under the terms of the MoU, Alibaba, Ant Financial, and TDAP agree to foster growth of worldwide exports of products by small and medium sized enterprises (SMEs) in Pakistan through e-commerce. Online and offline training programs for the SMEs will also be conducted by Alibaba in a bid to assist SMEs with on-boarding on to Alibaba’s platforms and optimizing exports through e-commerce.

TDAP will help identify suitable SMEs to participate in the training programs while Alibaba will be responsible for providing industry analysis to TDAP to assist them in their selection process.

In addition, Alibaba, Ant Financial and TDAP have agreed to promote the growth of financial services in Pakistan in areas such as mobile and online payment services. The parties have also agreed to adopt cloud computing services to support the online and mobile e-commerce businesses of SMEs in Pakistan.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

SOURCE: Alibaba Group

Media Contacts

Rico Ngai
Alibaba Group
+852 9725 9600
rico.ngai@alibaba-inc.com

Sophie Yu
Alibaba Group
+86 13501221600
sophie.yxf@alibaba-inc.com

Sequential Brands Group and Alibaba Group announce Martha Stewart to headline Alibaba’s inaugural Tmall Super Kitchen event

NEW YORK, 2016-Sep-20 — /EPR Retail News/ — Sequential Brands Group, Inc. (Nasdaq:SQBG) and Alibaba Group Inc. (NYSE:BABA) announced today  (Sept. 19, 2016) that Martha Stewart will headline Alibaba’s inaugural Tmall Super Kitchen event on September 20, 2016, in Shanghai, China.

Martha Stewart’s keynote address will be broadcast live on Alibaba’s media network which includes Youku Tudou, as well as live streamed on the Tmall and Taobao ecommerce apps. During her presentation, Martha will share her philosophy on how to live a better, fuller and longer life, as well as provide the tools to curate and maintain one’s home.

“There is a tremendous amount of demand for know-how and inspiration in the home and lifestyle space today among the rapidly developing middle class in China and Southeast Asia. I am thrilled to join the brilliant team at Alibaba to help inspire the next generation of Chinese consumers,” said Martha Stewart.

The Tmall Super Kitchen exhibition will bring together approximately 1,200 of Alibaba’s best houseware partners including Fissler, Le Creuset, World Kitchen, De’Longhi, Kenwood, Villeroy & Boch, Lagostina, Duralex, Riedel, Monbento, and WOLL, among many others. This consumer event is part of the two-week nationwide Tmall Global Home Festival in China created and hosted by Alibaba.

“We are honored to have Martha Stewart join us for our inaugural Super Kitchen event. Martha Stewart has forever changed the way Americans think and feel about their homes. As one of the world’s most recognized lifestyle authorities, her namesake brand influences millions of consumers through its trusted content and practical, useful and affordable products.  Her involvement in Alibaba’s Super Kitchen event will help educate and stimulate Chinese consumers, who want high quality home products and healthy lifestyle choices for their families,” said Michael Evans, Alibaba Group President.

Martha Stewart and Alibaba will work together on opportunities for future collaboration. Alibaba operates one of the world’s largest ecommerce businesses, with more than 430 million average annual users. Alibaba’s Mobile Taobao, a business to consumer app, attracts user engagement across e-commerce, digital media, travel, social and local services. Its 150 million daily active users launch the app an average of 7.2 times per day, spending more than 20 minutes each day browsing an average of 19 products.

About Sequential Brands Group, Inc.
Sequential Brands Group, Inc. (Nasdaq:SQBG) owns, promotes, markets, and licenses a portfolio of consumer brands in the fashion, active, and home categories, which includes the Martha Stewart media and merchandising properties. Sequential seeks to ensure that its brands continue to thrive and grow by employing strong brand management, design and marketing teams. Sequential has licensed and intends to license its brands in a variety of consumer categories to retailers, wholesalers and distributors in the United States and around the world. For more information, please visit Sequential’s website at: www.sequentialbrandsgroup.com. To inquire about licensing opportunities, please email: newbusiness@sbg-ny.com.

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. It is the largest retail commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers.

Media Contacts:
Sequential Brands Group, Inc.
Jaime Cassavechia
+1 212 518 4771 x108
jcassavechia@sbg-ny.com

Alibaba Group
Robert H. Christie
+1 917 860 9410
bob.christie@alibaba-inc.com

Source: Sequential Brands Group; Alibaba Group Inc./globenewswire

Alibaba Group announces appointment of Roland Palmer as managing director of Alibaba Group Netherlands

Roland Palmer to lead Alibaba Group Netherlands office, serving the Benelux region from Amsterdam

AMSTERDAM, 2016-May-13 — /EPR Retail News/ —  Alibaba Group (NYSE: BABA) today announced the appointment of Roland Palmer as managing director of Alibaba Group Netherlands and member of the Alibaba Group EU leadership team, effective immediately.

This senior management appointment and establishment of an Amsterdam, Netherlands office rounds out Alibaba Group’s expansion in the European market and provides a local contact for customers and partners in the Benelux region. The company’s European presence is a critical part of the company’s globalization strategy to serve as a “gateway to China” for international brands and businesses of all sizes. As a part of this international expansion and in order to better serve existing and future partners in Europe, the company has already opened country offices in Milan, Italy, Munich, Germany and Paris, France as well as expanding its presence in the UK.

“The Netherlands is a nation that has been built on successful international trade and export, both characteristics that fit well with our European business objectives,” said Michael Evans, president of Alibaba Group. “In Europe, our top priority is to engage with existing local partners and help European brands, retailers, small businesses and government partners understand the opportunities China offers and how Alibaba can help them access this market. Roland has the experience and in-depth knowledge to successfully build teams and business capabilities for major international companies and we are fortunate to have him as part of our EU leadership team.”

The Netherlands office will assist current partners, local brands, retailers and government partners across Benelux who want to access the large and growing Chinese consumer base looking for high-quality international products and services. A “one-stop shop” for Benelux local business that will encompass the entire scope of Alibaba Group’s ecosystem, Alibaba’s Netherlands country office will help identify the most suitable local products for the Chinese market, help merchants sell on Alibaba’s platforms, assist with outbound and inbound logistics, and facilitate online transactions for Chinese consumers and tourists.

Well known for their excellent food and product safety standards, the Netherlands and Belgium export products which are sought after by Chinese consumers, including all types of high quality food items, especailly in the dairy, chocolate and alcoholic beverage categories, in addition to flowers, consumer electronics, household products, baby products and children’s toys.

Roland Palmer brings a wealth of experience in the global retail and omnichannel sector to this new role. Prior to joining Alibaba, he was CEO of Blokker Holding where he played a pivotal role in renovating store concepts and in transforming a traditional offline retail company into an omnichannel group. He previously worked as a strategy consultant for global managing consulting firm Bain & Company, helping Fortune 500 companies optimise their international operations. Roland has an MBA from IMD in Switzerland as well as a proven track record as a senior manager within top FMCG companies such as Coca Cola Netherlands and Unilever Foods UK.

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with hundreds of millions of consumers and other businesses.

Media Contacts

Molly Morgan
Alibaba Group
+44 20 7516 0683
mollymorgan@alibaba-inc.com

Alibaba to acquire controlling stake in the leading e-commerce platform in Southeast Asia Lazada for approximately USD1 billion

Transaction makes Alibaba a leading e-commerce platform in Southeast Asia

Hangzhou, China/Singapore, 2016-Apr-15 — /EPR Retail News/ — Alibaba Group Holding Limited and Lazada Group S.A. announced today that Alibaba entered into an agreement to acquire a controlling stake in Lazada, a leading e-commerce platform in Southeast Asia. The transaction consists of an investment of approximately USD500 million in newly issued equity capital of Lazada and acquisition of shares from certain shareholders of Lazada, for a total investment by Alibaba of approximately USD1 billion. The transaction is expected to help brands and distributors around the world that already do business on Alibaba’s platform, as well as local merchants, to access the Southeast Asian consumer market.

Lazada currently operates e-commerce platforms in Indonesia, Malaysia, the Philippines, Singapore Thailand and Vietnam. These six countries combined have a population of approximately 560 million and an estimated Internet user base of 200 million, according to Internet Live Stats. With only 3% of the region’s total retail sales conducted online, Southeast Asia is expected to offer tremendous growth potential to both companies as internet penetration continues to rise.

“Globalization is a critical strategy for the growth of Alibaba Group today and well into the future,” said Michael Evans, President of Alibaba. “With the investment in Lazada, Alibaba gains access to a platform with a large and growing consumer base outside China, a proven management team and a solid foundation for future growth in one of the most promising regions for e-commerce globally. This investment is consistent with our strategy of connecting brands, distributors and consumers wherever they are and support our ecosystem expansion in Southeast Asia to better serve our customers.”

Max Bittner, CEO of Lazada Group, added, “We are very excited about joining forces with Alibaba and see significant synergies that will drive great benefits to our customers in Southeast Asia. Southeast Asia is an attractive mobile-driven consumer market that is highly fragmented and diverse with significant barriers to entry and a nascent modern retail sector that has large headroom for growth. The transaction will help us to accelerate our goal to provide the 560 million consumers in the region with access to the broadest and most unique assortment of products. Furthermore, leveraging Alibaba’s unique knowhow and technology will allow us to rapidly improve our services and provide an even more effortless shopping and selling experience.”

In connection with the transaction, Alibaba entered into a put-call arrangement with certain Lazada shareholders, giving Alibaba the right to purchase, and the shareholders the right to sell collectively, their remaining stakes in Lazada at fair market value during the 12 to 18 month period after the closing of the transaction.

Founded in 2012, Lazada is the one-stop e-commerce gateway for local and international brands and distributors to consumers in six distinct Southeast Asian markets: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. By combining its regional presence with locally tailored capabilities in areas such as supply-chain, last-mile delivery and payment, Lazada has developed a unique solution for global brands and distributors wanting to enter this rapidly growing region.

Credit Suisse (Hong Kong) Limited acted as exclusive financial advisor to Alibaba and Goldman Sachs (Asia) LLC as exclusive financial advisor to Lazada.

Safe Harbor Statements

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expect,” “future,” “continue,” “strategy” and similar statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in Alibaba’s filings with the SEC. All information provided in this press release is as of the date of this press release and is based on assumptions that Alibaba believes to be reasonable as of this date, and Alibaba does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Media Contacts

Rico Ngai
Alibaba Group
+852 9725 9600
rico.ngai@alibaba-inc.com

Sarimah Salamon
Lazada Group
+65 9430 8043
sarimah.salamon@lazada.com

Alibaba Group appointments: Terry von Bibra to lead Germany and Sébastien Badault to lead France for Alibaba Group

Terry von Bibra to lead Germany and Sébastien Badault to lead France for Alibaba Group 

Paris and Munich, 2015-12-3 — /EPR Retail News/ — Alibaba Group (NYSE: BABA) today announced the appointment of Terry von Bibra as managing director of Alibaba Group Germany and Sébastien Badault as managing director of Alibaba Group France, effective immediately.

The appointment of these two senior business leaders is another important milestone in Alibaba Group’s expansion in the European markets, a critical part of the company’s globalization strategy to serve as a “gateway to China” for international brands and businesses of all sizes. As a part of this international expansion and in order to better serve existing and future partners in Europe, the company will be opening country offices in Munich, Germany and Paris, France.

The Germany and France offices will assist current partners and local brands, retailers and government partners who want to access the large and growing Chinese consumer class looking for high-quality international products and services. A “one-stop shop” for local business that will encompass the entire scope of Alibaba Group’s ecosystem, Alibaba’s France and Germany country offices will help identify the most suitable local products for the Chinese market, help merchants sell on Alibaba’s platforms, assist with outbound and inbound logistics, and facilitate online payments for Chinese consumers and offline payments for Chinese tourists.

“In Europe, our top priority is to engage with existing local partners and help European brands, retailers, small businesses and government partners understand the opportunities China offers and how Alibaba can help them access this market,” said Michael Evans, president of Alibaba Group. “We have hired strong leaders in Germany, France, Italy and the U.K. to connect the needs of local brands and merchants with the capabilities of our ecosystem. Both Terry and Sébastien have proven track records in successfully building teams and business capabilities for major international companies and we are thrilled to have them on board.”

Terry von Bibra brings a wealth of experience in the global omnichannel and e-commerce retail sector to this new role. Prior to joining Alibaba, he was Chief Retail Officer Omnichannel for German department store chain Karstadt. He previously played a pivotal role in establishing Amazon in Europe where he led online marketing and business development. Terry has also held multiple roles within Yahoo!, including Managing Director of Yahoo! Germany, Vice President of Central Europe and Vice President Marketplaces for Yahoo! EMEA.

Sébastien Badault has been running French operations for international online and e-commerce brands for the past 15 years. As one of the first employees for both Amazon France and Google France, Sébastien drove sales and marketing teams to build local market share and enhance the online ecosystems for each organization. Most recently, he was responsible for the development of Google’s strategic customers in Southern Europe, Eastern Europe, Middle East and Africa as Global Account Director. Prior to joining Google, Sébastien held the role of European Business Development Manager for Amazon.

Both Sébastien and Terry report directly to Michael Evans.

For background on Alibaba’s business model, strategy, and products and services, please visit Alibaba Defined.

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with hundreds of millions of consumers and other businesses.

Alibaba Group’s major businesses include:

  • Taobao Marketplace (www.taobao.com), China’s largest online shopping destination
  • Tmall.com (www.tmall.com), China’s largest third-party platform for brands and retailers
  • Juhuasuan (www.juhuasuan.com), China’s most popular online group buying marketplace
  • Alitrip (www.alitrip.com), a leading online travel booking platform
  • AliExpress (www.aliexpress.com), a global online marketplace for consumers to buy directly from China
  • Alibaba.com (www.alibaba.com), China’s largest global online wholesale platform for small businesses
  • 1688.com (www.1688.com), a leading online wholesale marketplace in China
  • AliCloud (www.alicloud.com), a provider of cloud computing services to businesses and entrepreneurs

Media Contacts

Molly Morgan
Alibaba Group
+44 (0)20 7516 0683
mollymorgan@eu.alibaba-inc.com

Robert H. Christie
Alibaba Group
+1 917 860 9410
bob.christie@alibaba-inc.com

SOURCE: Alibaba Group Holding Limited