Alibaba Group has delayed its much-awaited listing in Hong Kong that could help the company to rake in up to $15 billion.
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Alibaba Group announced its financial results for the first quarter of the 2020 fiscal year ended June 30, 2019. The Chinese tech behemoth had a strong quarter across the board, beating estimates on revenue and earnings despite the uncertain market conditions due to the US-China trade tensions.
Chinese e-commerce giant Alibaba is in talks with NetEase to acquire its cross-border e-commerce platform Kaola. Once the two agree on final details, Kaola would merge with Alibaba’s cross-border arm Tmall, according to LatePost on Aug. 14.
The tech industry is used to clashes between corporate rivals. Major conflicts between corporate titans usually result in the emergence of a victorious monopoly like Google, or Facebook.
Salesforce announced on July 24 that Chinese e-commerce giant Alibaba is now the exclusive cloud services provider for the American Customer Relationship Management (CRM) service provider in Greater China.
On June 22, 2019, Juhuasuan, Alibaba’s flash sale and marketing platform, launched the upgraded version of “Jutudi,” a digital initiative to help Chinese farmers optimize their supply chain and offer consumers better deals.
Xiami Music, a wholly-owned subsidiary of Alibaba Group, will become the first music streaming service to offer MQA.
On July 5, Alipay announced an initiative to support the long-term development of women’s football in China, planning to allocate RMB 1 billion over the next decade.
Alibaba Group CEO Daniel Zhang took to the stage in Hangzhou to share his visions on platform economy and how it could make global commerce more inclusive.
Retail giant Tmall Global launched its first English-language website to attract more merchants and businesses from around the world to join China’s largest cross-border online shopping platform.
Inspired by China’s Alipay Ant Forest initiative for a greener planet, the Philippines leading mobile wallet, GCash, is introducing a new green feature on the app called GCash Forest.
The world’s greatest cities have always been pinnacles of humanity’s progress and achievement.
Tmall, China’s largest B2C platform under Alibaba Group, formed a strategic partnership with U.S.-based VF Corporation on June 13.
The 15 Chinese brands included in BrandZ’s Top 100 Most Valuable include: Alibaba, Tencent, China Mobile, CBC, Moutai, Huawei, etc.