Shopping app Lolli announces a partnership with Alibaba; E-commerce giant denies it
- Lolli recently posted an announcement that indicated a partnership with e-commerce giant, Alibaba.
- Alibaba quickly denied the claims, tracking the source of the issue to its contractor's subcontractor.
- The matter appears to have been classified as a misunderstanding that resulted from miscommunication
Follow Invezz on Telegram, Twitter, and Google News for instant updates >
According to a recent announcement by the shopping app, Lolli, the company has partnered with one of the biggest e-commerce giants in the world, Alibaba.
https://twitter.com/trylolli/status/1193954832849219584
Some reports have also claimed that Lolli was offering BTC rewards to Alibaba’s American users. However, Alibaba Group itself denied the partnership, indicating that the company did not have the right to claim or imply the partnership.
Alibaba tracked down the source of the issue
Copy link to section Conflicting statements were likely a result of a misunderstanding, as Alibaba spokesperson explains that one of Alibaba.com’s contractors hired a subcontractor, who, in turn, made a deal with Lolli without the knowledge or approval of Alibaba.com itself. Alibaba.com’s contractor is allegedly terminating their partnership with the subcontractor due to the incident, while Lolli should immediately stop promoting the partnership with the Alibaba.com, or Alibaba Group. The company should also stop bringing traffic to Alibaba.com. Meanwhile, the CEO of Lolli, Alex Adelman, responded to this by pointing out that integration is necessary in order for Lolli to send sales to Alibaba.com in the first place. While the situation does not seem to be positive for Lolli, it is important to note that contractual agreements apparently allow the use of Alibaba-related keywords and phrases, as far as online campaigns are concerned. Furthermore, Lolli’s head of communications, Aubrey Strobel, stated that Alibaba.com even trialed the app’s services throughout the Singles Day campaign. After 24 hours, however, they deactivated the alleged partnership.Miscommunication between crypto and e-commerce businesses
Copy link to section Another problem regarding the announcement is its implication that Alibaba is accepting BTC payments, which is not the case. Strobel also stated that the incident appears to be a result of a miscommunication on Alibaba’s end. However, the app officials remain optimistic regarding potential future collaborations and have not removed AliExpress from their service. For now, however, the reason for the miscommunication is unclear, Many see this as an indication that the term ‘partnership’ needs to be redefined in order to bring additional clarity to intersections of cryptocurrency and e-commerce industries. Alibaba clearly did not see their relationship as Lolli as an official partnership, which is not true for Lolli itself, even though the app never had direct contact with Alibaba’s officials.Advertisement
Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals™.
0/10
More industry news
India's Adani Green appoints law firms to review US indictment
January 24, 2025
Flipster launches Superstars Program amid rapid user growth globally
January 24, 2025
Amazon stock price forecast: a drop to $188 is possible in 2025
January 24, 2025
5 Key charts explain why Ethereum price is in trouble
January 24, 2025