Alibaba Goes All Out To Southeast Asia

According to the world clothing shoes and hats net,

Announcing that this quarter's revenue grew by more than half, its cross-border business grew by three digits year-on-year, becoming the fastest growing part of China's cross domain giants.

According to the first quarter results of 2018 financial year announced in August 17th, it benefited from Southeast Asia.

With the strong growth of platform Lazada and AliExpress, the quarterly revenue of Alibaba's international retail business reached 2 billion 638 million yuan (about 389 million US dollars), an increase of 136% over the same period last year.

Although the above international retail business accounts for only 6% of Ali's overall revenue, "internationalization" is clearly one of the future directions of the giant's development.

During the earnings call conference, Zhang Yong, chief executive of Alibaba group, repeatedly stressed the company's continued investment in internationalization: continue to increase its Lazada holdings in the United States and Canada.

Educational activities.

Zhang Yong also announced at the analyst conference call that Alibaba will take the lead in the latest round of financing of Tokopedia in Indonesia.

According to the news released by Tokopedia, a new round of financing has been locked up by Alibaba for $1 billion 100 million.

"Although Alibaba's international business is still in the investment stage, it has shown strong growth."

Marketocracy Gorden Gorden, a hedge fund manager, said that at the present stage, Alibaba is a better investment target than Amazon.

After the announcement, Alibaba shares jumped about 5.19% to 167.51 dollars, with a market value of 392 billion 700 million dollars.

Go all the way to Southeast Asia

Trying to serve overseas customers is an important direction of Alibaba's overseas layout, while Southeast Asia is at the forefront.

In the quarter, Lazada launched Singapore's "LiveUp" subscription membership plan. Eligible products and free delivery groceries can be delivered within 24 hours.

Members also enjoy Netflix free trial subscription and Uber and UberEats VIP offers.

In the quarter, Lazada launched Singapore's "LiveUp" subscription membership plan, and the delivery of eligible products and free delivery groceries within 24 hours.

Members also enjoy Netflix free trial subscription and Uber and UberEats VIP offers.

Similar to Lazada, Alibaba has just acquired Tokopedia, the largest e-commerce platform in Indonesia, and the most visited Indonesian website.

Founded in 2009, its core vision is to create and develop businesses using millions of small businesses and local brands in Indonesia to use the Internet.

Its E round of financing was completed in April last year, including Softbank and Sequoia Capital.

This investment means that the strategic layout of Alibaba in Southeast Asia has started from the point to the surface.

This is one of the core battlefields of Alibaba's global strategy.

Statistics show that Indonesia has a population of 260 million, while Southeast Asia has a population of 600 million.

In recent years, Alibaba has significantly increased its investment and strategy in Southeast Asia.

In June of this year, Tmall launched the "Tmall sea" project, announced that it will lead 1 billion 200 million domestic products to go abroad.

In June 13th, the "Tmall sea" project opened the "Taobao Collection" (Taobao selection) site in lazada, and less than a week, nearly 30 thousand Chinese merchants settled in Malaysia.

Ali said that during this year, "Tmall will go to sea" will also launch many Taobao Collection sites in Thailand and Philippines in Lazada.

Developing high-end market

Beyond Southeast Asia, the other implication of Alibaba internationalization is to let overseas brands understand China's business opportunities and enable more Chinese consumers to have access to high-quality overseas lifestyles.

In August, Alibaba and Marriott established a joint venture to provide hundreds of millions of Chinese consumers with new experiences including cash free travel and membership programs.

This quarter, Alibaba has made significant progress in the US market education. Overseas companies of all sizes can use Alibaba's platform to build their own brands and sell their products to millions of Chinese consumers.

In June, Alibaba's Gateway'17 summit in Detroit received a lot of attention: over 3000 US SMEs and partners participated and learned how to sell them to China through Alibaba.

Many well-known enterprises have shared their experience in how to enter the Chinese market with the help of Alibaba.

In September 25th, Alibaba will hold similar activities in Canada.

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