Alibaba Group Holding Ltd. said on Monday it will invest about $3.6 billion to increase its stake in Sun Art Retail Group Ltd., one of China’s largest supermarket operators.
Just after the eight-day National Day golden week, the competition among Chinese e-commerce giants has begun - they are preparing for the upcoming annual Double 11 shopping festival.
China’s fintech giant Ant Group on Tuesday responded to the recent news about its IPO postponement due to securities regulator’s investigation, saying the listing process is proceeding in an orderly manner.
Report from KPMG and Aliresearch predicts the market scale of e-commerce livestreaming will reach 1.05 trillion yuan in 2020 with a massive growth from 438.8 billion yuan last year.
Cainiao Smart Logistics Network announced a partnership to launch a charter program with Atlas Air Worldwide Holdings, Inc. on Tuesday to enhance its logistics network as cross-border trade between China and Latin America continues to expand.
Chinese autonomous driving company WeRide offered hundreds of passengers their first-time robotaxi rides through the WeRide Go App and Alibaba’s Amap within the 144-square-kilometer operating area in Huangpu District in Guangzhou during the 8-day national day holiday.
As the epidemic is under control in China, offline activities are able to hosted again. In September, there were several important technology conferences that took place.
Chinese cosmetics brand Perfect Diary has completed a new round of financing worth $140 million, and it plans to have an initial public offering in the US by the end of this year
DHgate, one of the leading B2B cross-border e-commerce marketplaces in China, officially launched MyyShop, a new Software-as-a-Service (SaaS) product for decentralized cross-border e-commerce.
Cainiao Smart Logistics Network announced a partnership with BEST Inc. on Wednesday to launch an end-to-end logistics service between Malaysia and China to shorten delivery time for cross-border e-commerce parcels.
Tmall and real estate service provider E-House announced a strategic cooperation Wednesday, jointly launching an online housing platform called "Tmall Haofang.”
On Sept. 15, Evergrande Automobile (HK.0708) announced that it had raised HK$4 billion in investment through the placement of new shares to support its new energy vehicle development.
The number of post-90s internet users set a new record, reaching 362 million in July 2020 and surpassing the post-80s generation to become the main force of the mobile internet.
Alibaba Group Holding Ltd. and Shanghai YTO Express (Logistics) Co., Ltd. signed a strategic cooperation agreement Tuesday, with Alibaba raising its stake in YTO by 12%, YTO’s statement showed.
