Alibaba∗ Archives - Page 7 of 27

Alibaba-Backed IM Motors Completes Initial Funding Round

Chinese EV brand IM Motors announced on August 1 its signing of a Round-A Equity Financing Agreement, bringing the company's overall valuation to nearly 30 billion yuan ($4.4 billion).

Alipay China Changes Legal Representative and Chairman

The legal representative and chairman of Alipay (China) Network Technology Co., Ltd. has changed from Eric Jing, Ant Group’s chairman and CEO, to Ni Xingjun, Ant Group's CTO.

Alibaba Responds to Inclusion on US SEC Delisting List

Alibaba issued a statement on the morning of August 1, acknowledging its inclusion on the watchlist and assuring that it would maintain a watchful eye on market developments.

Alibaba’s Cainiao to Build Emergency Logistics System with 17 Public Welfare Organizations

On July 28, 17 non-profit organizations formally signed contracts with Cainiao to help build an emergency logistics system. Cainiao will provide complete emergency logistics solutions.

Nearly 20K Merchants Use Alibaba.com’s VR Showroom

Nearly 20,000 merchants on Alibaba.com have used VR Showroom service to set up online exhibition halls, effectively reducing more than 2,000 cross-border offline factory visits.

Alibaba Removes All Ant Executives from Partnership in First Step to Separation

Alibaba and its financial affiliate Ant Group are gradually completing an organizational restructuring.

Alibaba Pursues Primary Listing on Hong Kong Stock Exchange

Alibaba Group announced on July 26 that its board of directors has authorized the company’s management to apply for a primary listing on the Main Board of the Hong Kong Stock Exchange (HKEx).

Alibaba Establishes Intelligent Connectivity Strategy

At the AIoT-Partnership Conference held on July 20, Alibaba announced that it has set up an Intelligence Connectivity strategy to explore more consumer-oriented artificial intelligence forms.

Tencent Tests Interactive Entertainment Platform Bibiji

Tencent has recently conducted alpha testing of an app called "Bibiji." The new product is an exclusive multiplayer entertainment platform for young people, containing alternative casual party games, as well as easy, fun and interactive gameplay.

Alibaba Opens Classes for 631 Asian Entrepreneurs

On July 12, the Alibaba 2022 Asian Entrepreneur Training started in Hangzhou, Zhejiang Province, China. This program provides online entrepreneurship courses and practice for 631 participants.

Alibaba Health Releases ESG Report Covering Healthcare, COVID, Carbon Emissions

Alibaba Health, the flagship healthcare platform of Alibaba Group, recently published its Environmental, Social and Governance (ESG) Report for April 1, 2021 through March 31, 2022 (Financial Year 2022).

Alibaba’s Grocery Chain Freshippo Seeks Financing

Alibaba's grocery chain Freshippo is reportedly seeking to raise funds at a valuation of about $6 billion, much lower than a hoped-for valuation of up to $10 billion earlier this year.

Alibaba, Tencent, Others Fined for Disclosure Violations

China's State Administration for Market Regulation (SAMR) published 28 administrative penalties on July 10 for failing to declare illegal concentration of business operators.

Digital Collections: China’s Version of NFTs Versus NFTs

Since the bankruptcy and liquidation of Terra/LUNA, stETH, and 3AC, the transaction volume of the world's NFT market has shown a downward trend. Meanwhile, China, on the other side of the ocean, is leading the digital collection market.

State Power Investment Corporation Limited and Alibaba Reach Agreement

On July 5, State Power Investment Corporation Limited (SPIC) and Alibaba Group signed a strategic cooperation agreement along with eight implementation agreements.

Alibaba.com Releases June Cross-Border Index

Alibaba.com, a cross-border B2B e-commerce platform under Chinese tech giant Alibaba, released its cross-border index on July 6.

Alibaba Cloud Launches Carbon Management Solution Energy Expert

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba, announced on Thursday the global launch of Energy Expert, a sustainability platform to help customers measure, analyze and manage the carbon emissions of their business activities and products.