Alibaba's Taobao Introduces Free Overseas Shipping to Compete with Rivals

Quick Summary:

Alibaba Group Holding Ltd (NYSE:BABA) is introducing free overseas shipping on apparel orders through its flagship retail platform, Taobao, in a strategic move to compete with cross-border e-commerce rivals PDD Holdings Inc (NASDAQ:PDD) Temu and Shein.

The program will start on August 3 and initially target shoppers in Singapore, Malaysia, South Korea, Taiwan, Hong Kong, and Macao, Nikkei Asia reports.

Taobao plans to expand the program to additional Asian markets by the end of the year and is actively encouraging more merchants to participate.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChinaHong KongSouth KoreaMalaysiaSingaporeTaiwan

Topics: Top Stories Emerging Markets Stories That Matter Briefs Media News AI Generated Benzinga BZ Data Project Tech Stock Battles PDD BABA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 15:25:08 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21753068

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 36 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions