Alibaba Group declared itself the world’s largest retailer as of March 31, 2016, the end of its fiscal year, according to its filing with the U.S. Securities and Exchange Commission. In March 2015, Alibaba group executive vice chairman Joe Tsai said the company has recorded 3 trillion yuan, or about $476 billion, in gross merchandise volume. Some retail market analysts, however, disagreed with Alibaba’s pronouncement, saying the company’s business was too different from that of Walmart and hence there cannot be a meaningful comparison. Moody’s Investors Service debt and retail analyst Charles O’Shea said Walmart’s status as a physical retailer is a different business model than that of Alibaba.
"‘Retail Economy’: Alibaba Claims Top Spot, Experts Take Exception", Women’s Wear Daily, April 06, 2016
Procter & Gamble’s beauty brand SK-II launched “Marriage Market Takeover,” a video advertisement highlighting the social conditions of single women who are older than 27 years in China. Called “sheng nu” or “leftover women,” single women who are 28 years and older face heavy pressures from society, including their family, in China. According to SK-II president Markus Strobel, the campaign is part of the brand’s efforts to inspire and empower women to determine their destiny.
"Emotional advert about China's 'leftover women' goes viral", BBC , April 08, 2016
Leading e-commerce platforms from Europe are participating in the 2016 China International Electronic Commerce Expo. European e-commerce companies’ participation in the event is a first for the industry event. Bol, the largest online retailer in the Netherlands; Ricardo, the leading online shopping mall in Switzerland; and Zalando, a popular website selling shoes and fashion in Germany, are attending the event, due to huge demand for China-made products in their respective markets.
"China Exclusive: European countries debut at China Int'l E-commerce Expo", Xinhua English.news.cn, April 11, 2016
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Bloomberg Business, March 24, 2016
Internet Retailer, March 25, 2016
Women’s Wear Daily, March 27, 2016
Kantar Retail, March 28, 2016
BakeryAndSnacks.com, April 08, 2016
Cosmopolitan, April 17, 2016
What's on Weibo, April 19, 2016
Jing Daily, April 25, 2016
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