Alibaba warns "laggard" Aussie retailers
According to an article in News.com.au, Australia is now Alibaba’s third biggest market outside China, behind the US and Japan. But despite its size, the firm seems happy to remain under the radar and isn’t looking to pick a fight with Amazon. Interestingly, Alibaba is one of the fastest growing retailers in the country — working with well-known names from Chemist Warehouse to Woolworths and Kathmandu. The article notes that "In its home market, Alibaba is rolling out vending machines that spit out cars, cash-free supermarkets where your shopping can beat you home and “magic mirrors” where you can virtually try on makeup. In Adelaide, shops still can’t open on a weekend later than 5pm." A top local executive at Alibaba said that "the company's rapid growth Down Under should be a wakeup call to laggard Australian retailers failing to keep pace with their customers."