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Alibaba’s chairman Jack Ma names Daniel Zhang successor

Chief executive officer Daniel Zhang will succeed Jack Ma as Alibaba chairman. Jack Ma will continue as executive chairman of the company over the next 12 months to ensure a smooth transition of chairmanship. Alibaba comprises 36 partners, who are also members of senior management of the group or its affiliates.

Zhang has been with the group for 11 years and Alibaba has seen consistent and sustainable growth for 13 consecutive quarters under him. Chinese internet and e-commerce giant Alibaba wants to have an omni channel or multi-channel retail presence in India. The idea is a possible joint venture or a broader synergistic alliance, with Alibaba picking up a stake in the retail entities of any of the large Indian groups.

Omni channel or multi channel retail provides shoppers with a consistent and seamless buying experience across online and offline stores. Alibaba has popularised this approach as an online-to-offline model in its home country, China, especially to onboard offline users who might not be making purchases through online platforms.

Alibaba, which clocked profits of ten billion dollars on revenues of nearly 40 billion dollars in fiscal 2017-18, holds a significant stake in Paytm Mall, which has made sedate progress in a fiercely competitive market.

 

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Fusion wear poised for bigger growth with increased brand play

Fusion wear poised for bigger growth with increased brand play

Unique to Indian catwalks, fusion wear is taking over as an innovative solution to changing fashion sensibilities. Global brands are competing with domestic players in mix-n-match apparel segment whose main... Read more

Revolutionising the clothing re-commerce market, some players take lead

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Innovation, customisation drives denim demand amongst women

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CMAI Apparel Index : Q2 records lowest ever growth at 0.18, Small brands trailin…

CMAI Apparel Index : Q2 records lowest ever growth at 0.18, Small brands trailing the pack

  CMAI’s Apparel Index for Q2 (July-Sept FY 2018-19) indicates growth has fallen to almost a no growth level and touched 0.18 points. It is the lowest ever, in last five... Read more

Duke’s launches Austria inspired stylish options in sweaters, jackets

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Duke sweaters & jackets’ collection for 2018-19 is a gamut of styles in lush fabrics, trending colors, designer patterns and prints, inspired by Austria. The men, women, and kids collections... Read more

Value retail emerges a high profit business across India

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While premium brands maintain their exclusive tag by being present only in select stores and places, value retail stores offer high street designs at affordable prices for the multitude. These... Read more

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The world is being plagued by environmental abuse from all kind of industries. Traditional economies, dominated by the use and throw policy, did not consider the material’s end use. It... Read more

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Women’s fashion brand Madame is updating its sequenced stores in India. The brand’s joint venture with the Spanish unisex brand Camla Barcelona involves importing their products in men’s and women’s... Read more

AEPC organises the Fabric of Unity to commemorate the Indian Textiles Industry

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AEPC, to mark the unveiling of the ‘Statue of Unity’ in Gujarat on October 31, 2018, organised the ‘Fabric of Unity", an event to commemorate the Indian textiles industry. Smriti... Read more

Online marketplace Voonik launches new retail format

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