![A logo of fashion retailer H&M and the online shopping site Tmall.com of Chinese e-commerce giant Alibaba Group is pictured at an H&M store in Shangha Stock Photo - Alamy A logo of fashion retailer H&M and the online shopping site Tmall.com of Chinese e-commerce giant Alibaba Group is pictured at an H&M store in Shangha Stock Photo - Alamy](https://c8.alamy.com/comp/W6EXW5/a-logo-of-fashion-retailer-hm-and-the-online-shopping-site-tmallcom-of-chinese-e-commerce-giant-alibaba-group-is-pictured-at-an-hm-store-in-shangha-W6EXW5.jpg)
A logo of fashion retailer H&M and the online shopping site Tmall.com of Chinese e-commerce giant Alibaba Group is pictured at an H&M store in Shangha Stock Photo - Alamy
![A logo of fashion retailer H&M and the online shopping site Tmall.com of Chinese e-commerce giant Alibaba Group is pictured at an H&M store in Shangha Stock Photo - Alamy A logo of fashion retailer H&M and the online shopping site Tmall.com of Chinese e-commerce giant Alibaba Group is pictured at an H&M store in Shangha Stock Photo - Alamy](https://c8.alamy.com/comp/W6EXYG/a-logo-of-fashion-retailer-hm-and-the-online-shopping-site-tmallcom-of-chinese-e-commerce-giant-alibaba-group-is-pictured-at-an-hm-store-in-shangha-W6EXYG.jpg)
A logo of fashion retailer H&M and the online shopping site Tmall.com of Chinese e-commerce giant Alibaba Group is pictured at an H&M store in Shangha Stock Photo - Alamy
![A logo of fashion retailer H&M and the online shopping site Tmall.com of Chinese e-commerce giant Alibaba Group is pictured at an H&M store in Shangha Stock Photo - Alamy A logo of fashion retailer H&M and the online shopping site Tmall.com of Chinese e-commerce giant Alibaba Group is pictured at an H&M store in Shangha Stock Photo - Alamy](https://c8.alamy.com/zooms/6/bbcc646b83844844abf6a56b799235e2/w6exy4.jpg)
A logo of fashion retailer H&M and the online shopping site Tmall.com of Chinese e-commerce giant Alibaba Group is pictured at an H&M store in Shangha Stock Photo - Alamy
![Luxury apparel brands set up shop on Tmall as demand falls in mainland China | South China Morning Post Luxury apparel brands set up shop on Tmall as demand falls in mainland China | South China Morning Post](https://cdn1.i-scmp.com/sites/default/files/2014/12/19/778cf7d7cd339651433477df9bec8d7b.jpg)