The Alibaba News Roundup is a weekly digest of events and happenings across the company. This week, we look at how Kaola helped international retailers connect with Chinese shoppers during Golden Week. Also covered is the Jack Ma Foundation’s $3.8 million donation to support the Earthshot Prize as well as AliExpress’ first online conference in Russia and the WeCosmoprof X Alibaba.com Tradeshow that kicked off this week.
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International Retailers See Sales Growth on Kaola during Golden Week
International retailers leveraged Alibaba Group’s cross-border e-commerce platform Kaola during Golden Week to sell to Chinese consumers. In the leadup to the week-long National Day holiday, usually a popular time for Chinese shoppers to travel and spend overseas, Kaola partnered with duty-free stores and retailers in 38 countries to offer discounts, free shipping, gift boxes, and other incentives to attract consumers unable to fly amid coronavirus-related travel restrictions. Korean beauty products retailer Olive Young, European pharmacy chains Jacomart and Farmacity, and Singaporean cosmetics retailer Novela were among those who saw sales grow on Kaola during the Golden Week period.
Jack Ma Foundation Pledges $3.8 Million to Earthshot Prize
The Jack Ma Foundation has pledged an initial donation of 3 million pounds ($3.8 million) to support one of the most-prestigious global environmental initiatives in history. The Earthshot Prize, spearheaded by Prince William and the Royal Foundation, is a 10-year commitment to fund at least 50 solutions for some of the world’s most-complicated and pressing environmental issues. Click here to read more about the prize.
AliExpress Holds Its First Conference for SMBs
On Thursday, AliExpress Russia held its first conference for small, medium and large businesses. The AliExpress Russia Online Conference brought together more than 5,000 participants from the e-commerce industries in Russia, Europe and Asia. During the event, Alibaba President Michael Evans participated in a session on the future of e-commerce against the backdrop of the pandemic and provided an overview of the challenges and opportunities for international business.
WeCosmoprof x Alibaba.com Tradeshow Kicks Off
The WeCosmoprof x Alibaba.com Tradeshow kicked off earlier this week, bringing together nearly 2,000 merchants from around the world. The online fair was launched as a platform for those in the global beauty industry to discuss latest trends and the evolution of the business landscape. Co-hosted by Alibaba.com, this year’s edition featured webinars, analysis of in-depth reports and sessions on creating strategies to meet future market needs. Alibaba.com Italy’s head of business development, Luca Curtarelli, and head of overseas supply chain, Vianne Wang, participated in a session on how digital technologies will shape the future of beauty, while Ivy Shen, senior expert of beauty category management at Alibaba.com talked about industry shifts to expect over the next decade.
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