In an attempt to assure investors, the company announced it will now repurchase $15 billion in shares through next year, up from the original $10 billion repurchase plan.

A white crocodile Himalaya Birkin was auctioned for $63,720 on the site. The same bag was sold at Sotheby’s for $139,944.

The brand is soft launching on June 28, with plans for an official debut, with a wider selection of products, set for August.

Alibaba’s business-to-consumer platform has partnered with Beiersdorf to co-incubate Chinese beauty start-ups.

Their T-Lab can shorten end-to-end product development to four weeks, in keeping with the fast-paced digital opportunities in the country today.

The near future of online shopping in the U.S. is likely to be a more integrated experience between commerce and social media.

Gross merchandise volume transacted in the group’s ecosystem during fiscal year 2021 reached $1.24 trillion.

Created by former Alibaba and Ant Financial executives, the platform offers a complete e-commerce service for creators.

China’s largest e-commerce operator said it would roll out new measures and incentives to help keep businesses on its platforms.

It’s one of the largest penalties Chinese regulators have ever issued.

The platform will also be equipped with blockchain technology from Ant Group to solve trust and counterfeit problems.

Connecting millions of buyers and suppliers around the world in over 190 countries.

In the face of extraordinary challenges, Antica Farmacista, Senreve, and Supergoop! partnered with Alibaba to find extraordinary global growth.

Like many others on the Alibaba platform, there’s a heavy emphasis on grand-opening promotions and options for interest-free payment plans.

As consumers slowly return to brick-and-mortar, in-store beauty retail will increasingly be part of the ominichannel shopping experience powered by tech, services and subscription models.