Alibaba∗ Archives - Page 12 of 27

Alibaba CEO Zhang Yong Resigns as Weibo Director

Leading Chinese microblogging platform Weibo announced on Monday that Zhang Yong, CEO of Alibaba, has resigned from the position of company director with immediate effect.

Alibaba Vice President and Head of Autonomous Driving Lab of DAMO Academy Leaves Company

Wang Gang, Vice President of Alibaba and head of the autonomous driving lab of DAMO Academy, recently left the job.

Alibaba Acquires 100% Shareholding of Youku Movie

Youku Movie Co., Ltd.'s original shareholder, Youku Information Technology Co., Ltd., withdrew, and Alibaba Digital Media & Entertainment Group acquired its 100% shareholding.

Chinese Internet Companies Collected Income of $222.57 Billion Jan-Nov 2021, a YoY Increase 22.3%

From January to November in 2021, the country's internet and related service enterprises with annual sales revenue above 5 million yuan together completed business income of 1,415.5 billion yuan ($222.57 billion).

Didi Reveals $4.8 Billion Loss, Alibaba CEO Daniel Zhang Resigns From Board

DiDi Global Inc. reported its first financial report for Q2 and Q3 on Thursday, showing that its net loss attributable to ordinary shareholders in the third quarter was 30.6 billion yuan ($4.8 billion).

Alibaba’s DAMO Academy Releases Top Ten Technology Trends in 2022

The DAMO Academy released its "Top Ten Technology Trends in 2022," marking the fourth time that the institution has offered a forecast of cutting-edge science and technology trends.

Cloud Native Basic Engine Provider Galaxy Future Scores Tens of Millions of Dollars in Financing

On Thursday, Galaxy Future, a cloud native basic engine provider established less than half a year ago, announced that it had completed an angel investment round worth tens of millions of dollars.

Chinese Streetwear Retailer Knowin Secures Several Hundred Million Yuan, Led by Alibaba

Knowin, a one-stop trends and lifestyle brand for Gen Z, announced on Thursday the completion of a new round of financing worth several hundred million yuan.

Serious Vulnerability Leads to Suspension for Alibaba Cloud by Ministry of Industry and Information Technology of China

The Cyber Security Administration of the Ministry of Industry and Information Technology reported that Alibaba Cloud Computing Co., Ltd. (Alibaba Cloud) failed to report to the telecommunications authorities in time.

ByteDance Tops Hurun Unicorn Index 2021 with $350 Billion Valuation

The Hurun Research Institute, in association with the Guangzhou City Commercial Bureau and Huangpu District, released the Global Unicorn Index 2021 on Monday, a ranking of the world’s start-ups founded in the 2000s.

Snapshots of China’s Internet Sector in 2021

In December, people's social media was flooded with two explosive pieces of news: the massive layoffs within China’s Big Tech and the improvement of employees’ welfare.

Alibaba Pledges Carbon Neutrality by 2030

At the company's Investor Day held on December 17, Alibaba Group released a pledge to achieve carbon neutrality by 2030.

VastaiTech Completes $251 Million in B1 and B2 Rounds of Financing

VastaiTech, a high-end chip design unicorn, announced on Monday that its B1 and B2 rounds of financing have been completed, totaling 1.6 billion yuan ($251 million).

Alibaba CFO Announces 7 Key Future Investment Themes at Investor Day

At Alibaba's Investor Day held on December 17, Toby Xu, Deputy Chief Financial Officer of Alibaba Group, shared seven key investment themes under the firm's two major investment directions in the future.

Alibaba Sets $100 Billion GMV Target for Southeast Asian E-commerce Division to Expand Overseas

Chinese e-commerce giant Alibaba has set a target for gross merchandise volume (GMV) of $100 billion for its Southeast Asian marketplace Lazada.

Alibaba Resets: CEO Zhang Yong and His Four Executives

Once every year, Alibaba undergoes a major organizational adjustment after its annual ‘Double Eleven’ sale on November 11.

Cainiao Network CEO: Average Daily Cross-Border Parcels Exceed 5 Million

On Thursday, at Alibaba's Investor Day 2021, Wan Lin, CEO of Cainiao Network, said that Cainiao has continuously invested in global logistics infrastructure over the last eight years.

Corporate Food Services Company Meican Secures E Round Series Financing Worth Over $157 Million

Chinese corporate food services company Meican announced that it had obtained an E2 round of financing, and the investor was Sodexo.

Baidu Releases “Chaodao Plan” and Advocates Rebuilding Open Internet

Shen Dou, Executive Vice President of Chinese internet technology firm Baidu, said the firm fully supports interconnection and is open to its partners in infrastructure, technical capability and service ecology.

Gartner: Alibaba Cloud’s IaaS Infrastructure Capability Ranks First Globally, Surpassing Amazon and Google

According to Gartner's recent report titled "Gartner Solution Scorecard 2021", released on Wednesday, Alibaba Cloud's IaaS infrastructure capability took first place in the world, and received the highest scores in the four core evaluations.

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