Alibaba Group Holding Ltd (NYSE: BABA) made a deal with Mexico’s government to get Mexican products and services, onto their e-commerce firm’s platform. Mexico is trying to capture new markets as they see a risk from Donald Trump who is threatening to terminate the North American Free Trade Agreement (NAFTA) a deal that underpins $1.2 trillion in trilateral trade between the United States, Canada and Mexico. Alibaba generated over 92.6% returns in this year to date.
Alibaba reported an Annual active consumers (formerly annual active buyers) of 466 million as per their recent quarter update, which is a rise of 12 million from prior corresponding period. Mobile MAUs on their China retail marketplaces rose 22 million which reached 529 million in June, against March 2017. Alibaba’s cross-border and international consumer businesses is gaining traction. Revenue from their international commerce retail business surged 136% yoy to RMB2,638 million (US$389 million) during the quarter ended on June 30, 2017, boosted by solid growth in their Southeast Asian platform Lazada and their China outbound platform AliExpress.
The group believes that theur Lazada and AliExpress would drive their customer base outside China. Accordingly they enhanced their ownership in Lazada to 83%, showing their confidence in potential Southeast Asian markets. Lazada launched the “LiveUp” subscription-based membership program in Singapore, having free shipping for eligible products and grocery deliveries within 24 hours while launched “Taobao Collection” in Singapore and Malaysia with cooperation with Taobao Marketplace. They intend to continue to invest in their Southeast Asia markets while launch innovative services to benefit consumers in the region.
Taobao App drove mobile MAUs in their China retail marketplaces to a total of 529 million mobile MAUs during June 30, 2017 quarter. They rolled out a new mobile Taobao user interface in May that integrates the latest in personalization technology, which would drive user experience and enhance engagement. Tmall is also enhancing their B2C market share in core categories and more collaboration with brands while delivered a 49% yoy rise for physical goods GMV in the quarter ended June 30, 2017.