Alibaba∗ Archives - Page 11 of 27

“Lazada Forward Women Awards” Celebrates Female Entrepreneurship in Southeast Asia and China

Lazada awarded 21 female merchants in acknowledgement of their resilience and innovation in advancing e-commerce businesses on the platform.

Alibaba and SAIC-backed Venture Begin Mass Production of First Electric Vehicle

IM Motors, a joint venture backed by Alibaba Group and SAIC Motor, has now begun the mass production of its first electric vehicles and will put them on sale later this month.

Alibaba Cloud May Introduce Former Huawei Executive as Senior VP

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.

Alibaba’s Quarterly Revenue Hits $38B, Up 10% YoY

Chinese tech and e-commerce giant Alibaba Group announced its financial results for the quarter ended December 31, 2021. Its revenue in the period reached 242.58 billion yuan ($38 billion), a year-on-year increase of 10%.

XR Development Enterprise PSYAI Secures Investment

PSYAI, an extended reality (XR) development enterprise, announced that it had completed three rounds of financing worth a total amount of over 10 million dollars.

Alibaba Suspends Talks to Raise $1 Billion for Lazada

Chinese tech giant Alibaba had previously mentioned its intention to raise at least $1 billion for Lazada, its e-commerce platform in Southeast Asia, but has since rolled back its off.

BEST Inc. Appoints Alibaba Executive as New Director

BEST Inc., a smart supply chain solutions and logistics services provider in China, announced on Wednesday that Chen Jun has resigned from his position as a director of the company.

Freshippo Employee Reconciles with Company

Recently, a probationary Freshippo employee was dismissed from the company for leaking his salary which the company viewed as disclosure of commercial secrets while the employee disagreed with the allegation.

Tencent Alpha Tests Community Group Buying Product

Chinese tech giant Tencent has recently alpha tested a community group buying (CGB) applet "Exiangtuan" (鹅享团 Èxiǎngtuán) on WeChat.

Alibaba Reduces Stakes in SaaS Firm Keruyun

Alibaba-owned Keruyun, a SaaS (Software as a Service) platform for the catering, retail and beauty industries, will begin to operate independently and Alibaba will reduce its holdings in the firm.

Alibaba Registers 1 Billion New ADSs, SoftBank May Sell Shares

Alibaba Group Holding Ltd. has reportedly registered one billion new American depositary shares (ADSs), suggesting that SoftBank Group Corp. may intend to sell some of its shares.

From 2008 to 2022, A Transformed Landscape for Broadcasting at the Beijing Olympics

The 2022 Winter Olympics in Beijing will be broadcast globally using the cloud services of leading Chinese tech firm Alibaba.

Tencent Awards Shares Worth HK$166,000 to Over 20,000 Employees

Tencent Holdings Ltd. announced on Friday at the Hong Kong Stock Exchange (HKEx) that it would grant a total of 8,004,807 award shares to at least 22,800 staff members.

Alibaba Founding Member Steps Down from Affiliated Company of Taobao Education

Business information inquiry platform Tianyancha showed that on Friday, Alibaba (China) Education Technology Co., Ltd., an affiliated company of Taobao Education, had a change up in its top level employee structure.

ByteDance Annual Revenue in 2021 Is About $58 Billion USD, Y-o-Y Increase of 70%

The total revenue of TikTok's parent company, ByteDance, increased by 70% year-on-year in 2021 to about $58 billion, a slower growth rate than a year ago.

Hurun Releases 500 Most Valuable Private Chinese Companies 2021

The Hurun Research Institute released on Wednesday the their Most Valuable Private Companies 2021, a list of the Top 500 China non-state-controlled enterprises ranked according to their value.

Assessing China’s Platform Economy in 2022

Nowhere has the digital platform economy's impact been more apparent than in China, where a burgeoning economy and technological metamorphosis in recent decades have been underpinned by a cohort of sprawling and innovative tech giants including Alibaba, Tencent and Baidu.

Alibaba’s Fresh Grocery Platform Freshippo Considers Funding at $10 Billion Value

Alibaba Group's grocery chain Freshippo is considering raising funds at a valuation of $10 billion.

Alibaba Issues Series of High-Level Promotions, Nine Individuals Rise to VP or Above

Alibaba Group released a new wave of internal promotions, involving a total of 37 people. The list contains all middle and senior managers promoted to the internal classifications of "P10" (Senior Director), "M6" (Vice President) and "M7" (Senior Vice President).

Zhang Bo, CTO of Didi Chuxing, Steps Down as Chairman of 19Pay

According to Tianyancha App, on Monday, Beijing 19Pay Technology Co., Ltd. underwent changes with the Industrial and Commercial Administration. Zhang Bo, CTO of Didi Chuxing, stepped down as the Chairman of 19Pay.

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