At Alibaba’s 20th anniversary celebration in Hangzhou, China, founder Jack Ma stepped down as chairman.
Alibaba Group announced its financial results for the first quarter of the 2020 fiscal year ended June 30, 2019. The Chinese tech behemoth had a strong quarter across the board, beating estimates on revenue and earnings despite the uncertain market conditions due to the US-China trade tensions.
Alibaba Group CEO Daniel Zhang took to the stage in Hangzhou to share his visions on platform economy and how it could make global commerce more inclusive.
Luohan Academy, an open research institute initiated by Alibaba Group Holding Limited, released its first report examining the relationship between digital technology and economic growth at the 2019 World Economic Forum in Davos.