Your One-Stop Guide to 6.18, LVMH Creates Top-Tier Shopping Journeys on Tmall, Joe Tsai on the Importance of AI, and More
Buckle up for a special first anniversary edition of Alibaba’s Digital Digest on LinkedIn.
A year ago, we started this newsletter as a monthly rundown of the most significant events and noteworthy trends within the group’s global ecosystem. And what a year it has been: from shopping festivals and travel trends to large language models and box office hits, we’ve covered it all.
Speaking of shopping festivals, 6.18 is just around the corner. We break down the most important facts and figures from China’s second-largest festival below, and check back for more coverage later this in the month.
Elsewhere in the e-commerce space, a partnership between world-leading luxury company LVMH and Tmall has also been generating buzz. Scroll down to read all about it.
E-commerce is one of two core businesses for Alibaba, as we explain in our coverage of the company’s latest earnings report. The other is cloud, and what a month it has been for Alibaba Cloud.
The cloud computing business announced plans to extend its global data center network to keep pace with demand, and will bring its generative AI development platform to international customers.
All this and more in the June Digital Digest. Dig in now 👇
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Merchants on online marketplace Tmall and consumer-to-consumer site Taobao will put millions of discounted products in the hands of consumers.
Alizila breaks down the numbers to create your one-stop guide to 6.18, packed with essential data and details straight from the source.
At the world’s leading luxury group, consumer journeys are as refined as the products on offer – especially for omnichannel shopping experiences.
So says Gonzague de Pirey, Chief Omnichannel and Data Officer at LVMH, who has allied with Alibaba Group’s e-commerce platform Tmall to dazzle luxury lovers from the palms of their hands.
“We focus on driving our customers to where the most elevated experience is offered,” de Pirey explained in a recent interview with Alizila.
Alibaba Group Chairman Joe Tsai spoke at length on the value and opportunities unleashed by artificial intelligence during J.P. Morgan’s 20th annual Global China Summit in Shanghai.
Over a 30-minute fireside chat, Tsai outlined how AI is driving growth at the company he co-founded 25 years ago, whether in Alibaba’s core e-commerce businesses or its cloud unit.
Alibaba Group’s fourth-quarter revenue grew 7% year-over-year to RMB221.87 billion ($30.73 billion), edging ahead of forecasts as it notched wins across its core e-commerce and cloud businesses.
The platform company increased its capital expenditure on Alibaba Cloud infrastructure and its Chinese and cross-border e-commerce businesses, leading to double-digit growth across key metrics including gross merchandise value.
Alibaba Cloud will launch its first cloud region in Mexico and build data centers in key markets including Malaysia, the Philippines, Thailand and South Korea, the company announced as it keeps pace with growing global demand for cloud services.
The cloud computing company also revealed that its one-stop generative AI development platform Model Studio will soon also be available for international customers.
Cross-border marketplace AliExpress has welcomed former professional footballer David Beckham as the face of a campaign to celebrate this summer’s UEFA European Football Championship.
“AliExpress is helping fans get even closer to UEFA EURO 2024 this summer, by offering them great prizes as the action takes place on the pitch,” said David Beckham.
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