Ele.me and Koubei Merged to Become Alibaba’s New Local Life Service Company
Alibaba Group announced today to merge the online food delivery service platform Ele.me and its local commerce platform Koubei into a new local life service company.
Pinduoduo Founder Debuts in Hurun China Rich List 2018
With a fortune of 95 billion RMB ($14 billion), 38-year-old Colin Huang, founder of the e-commerce giant Pinduoduo, ranked 13th on the Hurun China List 2018 released on Oct. 10.
TMall and L’Oréal China Target Male-Grooming Industry
On Sept. 28, Alibaba Group’s Tmall and L’Oréal China announced that they will expand their cooperation and find new ways to tap into the Chinese market, leveraging data-driven consumer analytics to better connect products and consumers.
Alibaba Sets Up Chipmaking Subsidiary, First Chip to be Released in June 2019
Alibaba Group, the biggest e-commerce company in China, is setting up its own chipmaking subsidiary, Pingtouge Semiconductor Company, to make its in-house artificial intelligence inference chips.
Alibaba Announces Smart Mobility Initiatives with Automakers
On Sept. 20, Alibaba announced during the Computing Conference in Hangzhou a series of smart mobility initiatives in collaboration with automakers and technology service providers, namely Bosch, Volvo Cars and Ford.
Jack Ma Talks About Manufacturing Woes, Alibaba Cloud, and the DAMO Academy at the Computing Conference 2018
The Computing Conference, one of the Alibaba Group’s largest and most renowned events, opened on Sept. 19 in Hangzhou. Executive chairman Jack Ma, as well as his successor, Alibaba’s current CEO Daniel Zhang, both spoke about Alibaba’s future at the main forum on opening day.
Third Taobao Maker Festival Kick off in West Lake Area in Hangzhou
Taobao, China’s leading e-commerce platform, developed by Alibaba Group kicked off its third Taobao Maker Festival in Hangzhou, China on Sept. 13.
Facebook Releases List of Top 50 Chinese Brands with Great Global Influences
The third annual Facebook Overseas Marketing Summit was held in Shanghai on Sept. 12. At the event with the theme “created by you, loved by the world”, Facebook jointly released with KPMG a list of top 50 Chinese brands ranked by global influence.
Alibaba CEO Jack Ma Names Daniel Zhang as His Successor
Alibaba Group, the largest e-commerce platform in China, has announced on Sept. 10 that chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board, effective one year from now.
China’s Coffee War Escalates as Tencent Joins Hands With Luckin
Bejing-based coffee chain Luckin Coffee and Internet giant Tencent openly challenge the Starbucks-Alibaba alliance by announcing their strategic agreement on September 6.
Alipay Seeks Japanese Partners to Bring Cashless Experience During Tokyo Olympics 2020
On Sept. 5, world-leading mobile and online payment platform Alipay announced the intention to collaborate with a wider range of local Japanese partners to build a cashless environment for tourists going to Japan.
Alibaba Revenues Soar 61% with Booming E-Commerce on Taobao
Alibaba Group, the Chinese multinational and multi-business conglomerate, announced on Thursday its Q2 earnings report of the quarter ending on June 30, 2018 with a revenue standing at $12,229 million
Alibaba Ranks 5th in Fortune Magazine’s Change the World 2018 List
Alibaba Group ranked fifth in Fortune magazine’s Change the World 2018 list for the philanthropy work done through its subsidiary mapping service that literally drove money into rural China.
Malaysian Prime Minister Kicked off China Tour with a Visit to Alibaba
Malaysian Prime Minister Mahathir Mohamad started his closely watched China tour on August 17th and visited Alibaba the next day on his first official trip to China.
Alipay Launches World’s First Paperless Tax Refund Service in South Korea
Alipay, a third-party mobile and online payment platform, announced on August 20 that it has partnered with Global Tax Free (GTF), a tax refund agency, to launch the world’s first paperless mobile tax refund function in South Korea.