Alibaba Archives - Pandaily

Alibaba’s YuanjingOS Lays Off Employees: After YunOS, It Also Gives Up on the Metaverse OS

Alibaba YuanjingOS underwent large-scale layoffs. This is another operating system that Alibaba has voluntarily exited from after YunOS.

ByteDance’s Zhang Yiming Becomes the First Self-Made Chinese Billionaire Born in the ’80s

Zhang Yiming, the 41-year-old founder of ByteDance, increased his wealth by 105 billion yuan from last year, becoming China's richest person for the first time with 350 billion yuan.

Alibaba’s Translation Large Model “Marco”Achieves Large-Scale Commercial Use

One of the key strengths of the Marco model is its ability to provide precise translations based on context, driven by a large language model. This approach avoids the pitfalls of literal translations that can often result in laughable ambiguities.

Alibaba Cloud’s Singapore Node Suffers Network Disruption Due to Data Center Fire

Alibaba Cloud's Singapore node experienced a network disruption earlier on September 10, a situation prompted by a fire outbreak in the data center.

Cainiao Launches L4 Autonomous Vehicles for Large-Scale Delivery

Cainiao currently manages over 800,000 square meters of overseas warehouses across 18 countries and regions.

Alibaba.com: When Global Sourcing Enters the AI Era

Alibaba.com placed a clear and heightened emphasis on AI in its 2024 Co-Create conference in Las Vegas, providing innovative tools to connect both buyers and sellers across the world.

Alibaba Concludes Three-Year “Rectification” Process, States it as a “New Starting Point for Development”

On August 30, China's market regulation authorities issued a statement announcing that Alibaba Group has successfully completed a three-year rectification process, "achieving positive results".

Alibaba Transforms into a Dual Primary Listing in Hong Kong

On August 23, Alibaba declared its voluntary transition from a secondary to a primary listing on the Hong Kong Stock Exchange, effective from August 28, 2024.

Alibaba’s FY2024 ESG Report Highlights 5% Cut in Greenhouse Gas Emissions

Alibaba Group CEO Eddie Wu emphasized that ESG activities have been a defining part of Alibaba's identity since its inception 25 years ago.

Alibaba Chairman Joseph Tsai: Granting More Autonomy to Enhance Decision-Making Efficiency

Alibaba underwent a major reorganization last year, mainly hoping to ensure faster and more efficient decision-making, and therefore granted more autonomy to business team leaders.

AliExpress Ramps Up Overseas Investment, Contributes to Alibaba International’s 45% YoY Revenue Surge in March Quarter

In the previous financial quarter, Alibaba International reported a substantial 45% year-on-year revenue increase, largely driven by the expansion of its cross-border operations, notably through the AliExpress' Choice service.

Hou Yi and Daniel Zhang Jointly Buying Freshippo Is Not True

The founder of Freshippo Hou Yi and former CEO of Alibaba Daniel Zhang's joint purchase of Freshippo for $2 billion is fake news.

Jack Ma Praises Alibaba’s Reform and Innovation Journey in Internal Letter

Despite facing skepticism and pressures both internally and externally, Jack Ma underscored that the journey of reform and innovation is often met with resistance rather than applause.

Alipay: March Inbound Payment Consumption Increased Tenfold Year-On-Year

In March 2024, the cumulative transaction amount of overseas guests using Alipay in China increased nearly tenfold compared to March last year.

Alibaba’s Cainiao Withdraws IPO Application and Sells Shares to Alibaba Group

Cainiao has withdrawn its IPO application, and plans to sell all its issued shares to Alibaba Group at a price of up to 3.75 billion USD

Alibaba Responds to Selling Bilibili ADR: Based on Capital Management Goals

Alibaba responds to the news of selling Bilibili ADR: Based on Alibaba's own capital management goals, it does not affect the business cooperation between both parties.

China’s Leading FMCG B2B Platform Alibaba LST Is Making Business Adjustments

Alibaba LST is not shutting down or merging with 1688. It is currently making business adjustments based on market demand, aiming to better serve its users.

Former Alibaba CEO Daniel Zhang Joins Firstred Capital

The former Chairman and CEO of Alibaba Group, is set to join Firstred Capital as a managing partner.

Alibaba Plans to Reduce Its Stake in XPeng Motors, Worth about $3.14 Billion

Alibaba reduced its holdings of XPeng Motors' ADS worth approximately $314 million after terminating the director appointment agreement with the company.

Ant Group Announces Organizational Restructuring; Cyril Han Appointed as President

Cyril Han will become the President of Ant Group, fully responsible for digital payment, digital interconnection, and digital finance businesses, reporting to Chairman and CEO Jing Xiandong.

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