Alibaba∗ Archives - Page 17 of 27

Chinese E-Commerce Businesses Turn to Other Platforms in Wake of Amazon Ban

Many Chinese cross-border e-commerce companies are planning to reduce their reliance on Amazon in anticipation of increasingly stringent regulations, according to the Shenzhen Cross-Border E-Commerce Association.

Alibaba to Permanently Fire Male Employee Suspected of Sexual Assault

In the early morning of August 9, Alibaba’s CEO Daniel Zhang told employees in a memo that a male employee recently accused of rape in what has become a high-profile national case is to be fired.

Chinese Authorities Require Enterprises to Ensure the Health and Safety of Staff Such as Food Deliverymen

Last Saturday, officials from the Chinese government required Meituan, Alibaba and other enterprises to hold a meeting, demanding that they effectively protect the rights and interests of workers such as food delivery riders.

Alibaba’s CEO Daniel Zhang Apologizes Following Rape Allegations Against Its Employee

An employee of Alibaba accused her supervisor of sexually assaulting her during a business trip. Alibaba's CEO Daniel Zhang apologized for the company's sluggish response at the beginning.

Alibaba Delivers Q2 Financial Results, Indicates Largest Share Repurchase Program in Company’s History

Alibaba Group on Tuesday announced its financial results for the second quarter of this year. The company shows confidence in its long-term prospects by increasing its share repurchase program from $10 billion to $15 billion.

Autonomous Truck Company Inceptio Technology Completes B Round Financing of $270 Million

Inceptio Technology, a leading autonomous truck company, announced on Tuesday it has completed a B round of financing worth $270 million.

BEST Inc. Partners with Cainiao to Launch Cross-border Logistics Services from China to Thailand, Vietnam and Cambodia

Today, BEST Inc., cooperated with Cainiao, launched its full-chain, direct logistics service to ship parcels from China to Thailand, Vietnam and Cambodia.

Huang Mingduan Assumes the Chairman Role of Suning.com

Chinese retail platform Suning.com on Thursday evening announced that Huang Mingduan will be its new Chairman and one of the non-independent directors. Xian Handi, Cao Qun and Zhang Kangyang will also be its non-independent directors.

As Rainstorm Assails Central China, Domestic Companies Spring to Action

Henan, a central Chinese province home to over 100 million people, has over recent days suffered a once-in-60-year rainstorm. In response to the tragedy, many Chinese internet companies have announced emergency assistance for Henan.

China VC Weekly: Xiaoice, Lingerie and More

In last week’s VC news, Microsoft’s China-based spin-off gets a new injection granting it unicorn status, local lingerie industry leader Neiwai raises a whopping $100 million in the latest round, Alibaba and SAIC motors back smart vehicle software startup Banma, attracting $46t4 million in investment from a cohort of new and old backers, all that while the Tencent-backed Indian streaming giant Gaana raises $40 million in debt financing.

Alibaba-backed AutoNavi Announces Brand Upgrade in Effort to Provide More Daily Life-Related Services

Alibaba-backed AutoNavi on Thursday held a brand upgrade conference in Beijing, launching a brand-new slogan "AutoNavi covers everything you need".

Banma Receives Capital Increase of ¥3 Billion

On Wednesday, Banma announced that Alibaba Group, SAIC Group, SDIC and Yunfeng Fund jointly increased their capital by ¥3 billion in Shanghai.

Alibaba and Tencent to Open up Services to Each Other

China's two online competitors, Alibaba and Tencent, are gradually considering opening up their services to each other, according to a Wall Street Journal report on Wednesday.

Alibaba to Acquire Unisplendour Co. in Effort to Build up Cloud Computing Infrastructure

Alibaba Group Holding Ltd. and a Chinese state-owned company are considering bidding for a stake in Unisplendour Corporation Limited, a cloud computing infrastructure company, according to sources cited by Reuters. The stake could sell for up to $7.7 billion.

Alibaba’s Taobao and Alipay Cancel Advertisements Displayed While Starting the App

A range of online service providers under Alibaba Group have canceled the advertisements that usually appear when users open the apps.

Beleaguered Retail Group Suning.com receives a $1.4bn State-Backed Investment

On Monday, Suning.com, the retail arm of Suning Group, announced that two state-backed investors took the lead to establish the second phase of Jiangsu Xinxin Retail Innovation Fund, which would acquire 16.96% equity of Suning.com at a price of 5.59 yuan per share, marking the latest move by China to rescue debt-ridden conglomerate.