∗Alibaba Archives

Tencent Ventures Into Chip R&D and Design, a New Focus of Chinese Tech Giants

Tencent has over the past month posted several computer chip R&D positions to its official recruitment website, including chip architect, verification engineer, etc.

China VC Weekly: Convenience Stores, AI and Alibaba’s New Fund

In this week’s VC news: Convenience store chain Bianlifeng and education firm Jianzhi Education prepare for US listings, Alibaba Group launches a new fund, and more.

Alibaba Health-Backed LinkDoc Technology Files for US IPO, Sending Ripples through China’s Online Healthcare Sector

Chinese medical data company LinkDoc Technology filed paperwork on Monday to list shares in the US, as China’s digital healthcare industry continues to grow in the wake of the coronavirus pandemic.

China’s Ride-Hailing King Didi Chuxing Files for Blockbuster US IPO, Revealing $30 Million Profit for Q1

Didi Chuxing, China’s leading ride-hailing platform, unveiled the filing for its long-awaited US stock market debut on Thursday, marking a further step toward what could be the world’s biggest IPO this year.

Alibaba to Develop Self-Driving Trucks, Eyeing Next Potential Hot Spot in China’s Tech Sector

Chinese internet giant Alibaba announced on Thursday it will develop driverless trucks with its logistics unit Cainiao, as the company ramps up efforts to follow a trend that may revolutionize the transportation industry.

Short Video and “We-Media” Industry Castigated by Mainstream Platform Officials at Internet Convention

At the 9th annual China Internet Audio & Video Convention (CIAVC), which took place in Chengdu on June 3, mainstream video platform officials voiced criticism of short videos and so-called“we-media”" platforms.

Alibaba’s Sales Surge Overshadowed by First Operating Loss As Public Firm After $2.8 Billion Antitrust Fine

Chinese tech and e-commerce giant Alibaba Group Holding fell into loss-making territory for the first time since going public in 2014 after being slapped a massive anti-monopoly fine by regulators.

Xiaomi Ranks 4th in BrandZ Top 50 Global Brands, OPPO Follows in 6th Place

On May 10, Kantar and Google released their 2021 BrandZ™ Top 50 Global Brands in China report. Xiaomi was ranked No. 4, along with Alibaba, ByteDance, and Huawei in the top four on the list. Another smartphone-maker, OPPO, was ranked 6th and was selected as the Outstanding Globalizing Chinese Global Brand Builder.

China to Impose New Information Protection Laws, Tightening Regulation of Data-Hungry Internet Giants

China is moving closer to enforcing a new law that would crack down on the invasive practices of the country’s most powerful tech giants, as the draft of the Personal Information Protection Law has been submitted on Monday.

Baidu, ByteDance and JD.com Pledge to Comply with Antitrust Rules after Regulators Ask for Compliance with Alibaba Case

A dozen Chinese leading internet companies including Baidu, ByteDance and JD.com issued commitments on Wednesday to obey antitrust laws.

Ant Group Promises Anti-monopoly Reform following Chinese Government Crackdown

The Chinese government recently ordered a structural reform of Jack Ma’s Ant Group.

Chinese Regulators Issue a $2.8 Billion Fine Against Alibaba for Violating Anti-Monopoly laws

Chinese state media Xinhua News reported that Chinese E-commerce giant Alibaba received an ¥18.2 billion(US$2.8 billion) fine earlier on Saturday.

Ford, Infiniti and Alibaba’s UC Browser Denounced for Unfair Practices on Chinese Consumer Rights TV Show

During a popular annual television program broadcast by state-run China Central Television on March 15 – which is also World Consumer Rights Day – several domestic and foreign brands were singled out for violations of consumer rights.

Breaking: Simon Hu Steps Down as CEO of Ant Group

Ant Group CEO Simon (Xiaoming) Hu on Friday evening announced that he would be stepping down from his role at the firm, after an internal email was obtained by domestic media outlet 36Kr.

Alibaba’s Cainiao Leads E-Commerce Expansion in Europe and the Middle East

On March 1, Alibaba’s logistics service Cainiao Smart Logistics Network (Cainiao) announced a partnership with Saudi Arabian airfreight flag carrier Saudia Cargo.

Expensive “Chinese Antique Fruit Basket” Sold on Amazon Turns out to be Chamber Pot

A fancy “antique fruit basket” sold on Amazon stirred a hilarious online discussion recently among Chinese netizens after the product’s actual intended use was revealed to be a spittoon or chamber pot.

Race for Dominance in China’s Electric Car Industry Heats Up Amid Flurry of Tie-ups between Tech Giants and Automakers

The race to become the leader of clean energy vehicles in the world’s largest auto market is on, with more and more tie-ups established between China’s tech giants and traditional automakers.

Alibaba Group Announces Offering of $5B Senior Unsecured Notes

On Feb. 5, China’s tech giant Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988) announced the pricing of an underwritten registered public offering of $5 billion senior unsecured notes, per Business Wire.

Alibaba Group Announces Revenue of $33.9 Billion in Latest Quarterly Results

China’s tech giant Alibaba Group (NYSE: BABA and HKEX: 9988) today announced its long-waiting financial results for the quarter ended Dec. 31, 2020.

Alibaba-backed AutoX Rolls Out Fully Driverless Robotaxis in Shenzhen

Commuters in Shenzhen will now be able to test out AutoX’s fleet of fully driverless vehicles in a robotaxi pilot program, marking another milestone for the autonomous driving startup.

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