Fitbit partners with Alibaba’s to expand reach in China

ChinaEnterprise Innovation — Fitbit Inc. and Alibaba Group’s have signed an agreement to expand Fitbit’s reach in China. The partnership will introduce the Fitbit platform, which consists of devices, apps, social and motivational features, advice and personalized coaching, across the country.

Hackers attack 20 million accounts on Alibaba’s Taobao shopping site

ChinaAsia Times — Hackers in China attempted to access over 20 million active accounts on Alibaba Group Holding Ltd’s Taobao e-commerce website using Alibaba’s own cloud computing service, according to a state media report posted on the Internet regulator’s website.

China forecast to lead APAC in online spending

ChinaEnterprise Innovation — China will lead the Asia-Pacific region in online spending this holiday season with $150 billion in sales forecast, new research from Adobe Digital Index reveals. China’s booming economy has led to the highest anticipated online spend in the region (55 percent), with nearly half of the country’s consumers surveyed (49 percent) predicting an increase in their online spend for the period.

Alibaba’s shopping festival nets $14.3 B in sales

ChinaGross merchandise volume for Alibaba Group’s 11.11 global shopping festival reached $14.3 billion this year or 60 percent higher than last year’s sales of $9.3 billion. In the first 90 minutes alone of the 24-hour online shopping marathon, the Chinese e-commerce giant said $5 billion of GMV was already settled through Alipay, 70 percent of which were on mobile.