Chinese e-commerce giant Alibaba Group Holding Ltd. Thursday announced its financial results for the quarter that ended on June 30, 2020.
US President Donald Trump signaled that he may take action against more Chinese companies, including e-commerce giant Alibaba, after ordering ByteDance to sell its US assets within 90 days.
Chinese TechFin company Ant Group topped the Hurun Global Unicorn Index of 2020 with a valuation of 1 trillion yuan ($150 billion), according to Hurun Research Institute’s ranking of the world’s unicorns.
Chinese e-commerce giant Alibaba’s Taobao kicked off its fifth Taobao Maker Festival on Thursday, the annual signature event created for young entrepreneurs to showcase their designs to the public.
The return of the once-ubiquitous street vendors was expected to bring back Chinese economic vibrancy that was affected by COVID-19, but the public frenzy has been contained by local officials in Beijing.
The plant-based burger company Beyond Meat, Inc. said on Tuesday that it would debut retail sales of its products in mainland China in partnership with Alibaba’s Freshippo supermarkets.
As TikTok seizes more territory around the world, its archrival Kuashou that so far hasn’t been as successful internationally is ramping up efforts to narrow the gap with its competitor.
E-commerce platforms like JD.com made strategic moves to react to the gloom in the retail consumption market brought by the COVID-19 pandemic.
This past week saw Keep, China’s answer to Nike’s Training Club, officially become the first unicorn in the world of fitness tech.
Simon Hu, CEO of Ant Financial, Alipay’s rebranded parent company, announced that Alipay plans to upgrade from merely a financial service platform to a digital life service platform within the next three years.
While Gojek has reportedly denied its involvement in such talks, a potential merger between the two does not sound like something completely out of the question.
The recent coronavirus outbreak dramatically increased the penetration of productivity apps on the Chinese market, which in turn will likely accelerate the digitization of local enterprises.
In 2019, Chinese tech companies increasingly shifted their focus overseas, in an effort to gain influence and market share abroad.
Alibaba has announced a strategic partnership with FAW Group, one of China’s largest automobile companies.
Alibaba announced the 19th major structural adjustment in three years. Daniel Zhang announcing a new round of organizational restructuring.