
Investing.com -- AliExpress, an e-commerce unit owned by Chinese giant Alibaba (NYSE:BABA), has announced that it has signed former England captain and soccer icon David Beckham as its global brand ambassador.
The move comes as AliExpress looks to rival the expanding global presence of PDD Holdings' Temu service and online fashion startup Shein and offset waning e-commerce sales in its domestic Chinese market.
Revenues at Alibaba's international division, which includes AliExpress, spiked by 45% year-on-year in the first three months of 2024 to 27.45 billion yuan, dwarfing peers like Tmall and Taobao who rely more on demand in China.
AliExpress also inked a deal to sponsor the UEFA Euro 2024 soccer tournament this summer, and has outlined plans to spend millions on deals and discounts to attract online shoppers. Among the promotions will be the chance for some AliExpress app users to win tickets to the competition's matches.
On Monday, AliExpress said it will roll out an advertising campaign featuring Beckham that will urge buyers to "score more" with the business.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.