With its strong position in China's platform economy, Alibaba has been taking meaningful steps to help both brands and consumers overcome existing barriers to sustainable consumption.
Since the end of last year, several Internet giants have been the center of rumors about layoffs. News emerged on Wednesday that Alibaba’s DAMO Academy has gone ahead with a plan to cut a third of its workforce.
Ant Group, an Alibaba-owned internet financial services company, announced Monday that it has reached a strategic partnership with Singapore-based payment platform 2C2P.
IM Motors, a joint venture funded by SAIC, Alibaba and Zhangjiang Hi-Tech, officially launched the L7 Dynamic and L7 Pro models on April 17, priced at 368,800 yuan and 408,800 yuan ($57,866 - $64,143) respectively.
Taobao Xinxuan, an affiliate shopping channel and product line of Alibaba’s Taobao, will change from an independent brand to providing products for Tmall Supermarket, focusing on young families.
Alibaba Cloud, a cloud computing and artificial intelligence tech firm owned by Alibaba, is undergoing a new round of organizational restructuring. Ren Geng, president of Alibaba Cloud China, has resigned.
Indonesian tech giant GoTo Group officially made its debut on the Indonesian Stock Exchange (IDX) through an initial public offering (IPO) on Monday. The company's stock code is GOTO.
Daily Journal Corporation, a publishing and software company chaired by Charlie Munger, said it has halved its investment worth $32.6 million in Chinese e-commerce giant Alibaba Group, a regulatory filing showed on Monday.
Platforms under Chinese internet technology giant Alibaba have actively organized qualified frontline workers to ensure Shanghai's supply and distribution of goods.
EQuota Energy on Tuesday issued a change to its official registration with the Industrial and Commercial Administration, adding Alibaba as new shareholder.
Jin Ke, the general manager of Xianyu, a second-hand goods platform owned by Alibaba Group, was officially transferred to AliExpress last week. At present, Alibaba Vice President Liu Bo is directly responsible for Xianyu.
IM Motors, a premium electric vehicle brand founded jointly by China's largest car company SAIC and e-commerce giant Alibaba, on Tuesday began locking in orders for its first model, the L7 Pro.
Nreal, an augmented reality (AR) technology company, announced on Wednesday that it has completed a round C+ of financing totaling $60 million, led by Alibaba Group.
Community group buying platform Nice Tuan had shut down all of its operations in cities across the country. The company has entered an aftermath stage in which it is dealing with payments to suppliers and settlements with employees.
