Nov. 5, 2018
E-commerce retailer Alibaba reported increased engagement by customers using its Taobao mobile app, as monthly active users rose by 32 million during the September quarter to 666 million, the company said as part of an earnings announcement.
Active annual consumers rose by 25 million to 601 million for the 12-month period ended Sept. 30, 2018.
Alibaba last month entered an agreement with Swiss luxury group Richemont, the parent firm of Cartier, to launch a joint venture in China with Richmont's Yoox Net-a-Porter, which it says is the world's largest online luxury goods retailer.
Under the partnership, YNAP and Alibaba will launch two mobile apps for YNAP's Net-a-Porter and Mr. Porter multi-brand online stores in China, according to the earnings announcement. The venture will include Net-a-Porter and Mr. Porter online stalls on the Tmall Luxury Pavillion.
Topics: Mobile Apps, Retail
Companies: Alibaba
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