Alibaba will open its first physical mall in China

A five-floor mall is being built near Alibaba’s headquarters in the eastern Chinese city of Hangzhou, according to financial news site Caixin. The Alibaba shopping center reportedly will be called “More Mall” and is set to open in April. The mall was built on a 40,000-square-meter plot of land. Currently, construction crews are finishing up …

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Alibaba, Tencent and China’s fast growing ecommerce economy

Alibaba is now up 89% on the year and valued at $424 billion. Tencent is up 74% and valued at $469 billion. Alibaba’s “China commerce retail” revenue, which covers its giant Taobao and Tmall marketplaces and still accounts for 73% of its revenue, grew 57% to RMB36.7 billion ($5.4 billion), a big improvement from the …

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Amazon, Alibaba will use self driving vehicles, robotics, 3d printing and AI to compete on same day delivery

Amazon, which currently charges a $99 annual fee for two-day deliveries under its “Prime” service, will eventually offer two-tier pricing for delivery services, Jindel said. One will be a “Gold Prime” membership costing $199 to $249 a year that covers next-day deliveries, the other a platinum membership for $399 a year that includes same-day deliveries. …

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