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Alibaba Cloud is reportedly planning to introduce Cai Yinghua, former President of Huawei Enterprise Business Group (EBG) China, as Senior Vice President of Alibaba Group.
Today, Chinese online tutoring firm Yuanfudao announced its official entry into the smart education market and will now focus on enterprise education.
Italian sports car manufacturer Ferrari opened its first official clothing online store on China's e-commerce platform Taobao. The most expensive item is a gray women's mid-length trench coat, priced at 44,500 yuan ($6,187).
The astounding success of super apps like WeChat in China suggests that this model could potentially gain ground in the West as both consumers and businesses increasingly gravitate towards comprehensive platforms that cater to their multifaceted needs.
Consumers in China have come to expect e-commerce platforms to be more than just places to buy things.
On August 10, Alibaba Group released its financial report for the three months ended June 30, 2023, delivering a solid quarter marked by revenue of $32 billion, representing a year-on-year growth of 14%.
Former Chinese president Jiang Zemin passed away following a battle with leukemia on November 30, at the age of 96. Authorities later announced that they will hold a memorial service in Beijing on the morning of December 6, and that public entertainment activities should be suspended for the day.
Many Chinese battery firms have recently announced their construction of new overseas factories. In September, CATL and SVOLT revealed that they would build their second overseas battery factory in Europe.
Xinling Semiconductor, a mixed-signal computer chip developer based in China, has announced its completion of a pre-A round of financing.
Market rumors suggest that Tencent's $300 million investment in Chinese AI startup Moonshot AI has elevated its valuation to $3.3 billion.
Microsoft Azure business in China may undergo a major organizational restructuring around the end of June this year, with a focus on the sales team of over 700 people led by Hou Yang.
ByteDance's Douyin recently launched its home delivery service. Merchants utilizing this function can directly provide door-to-door service for consumer orders for express delivery services.