ALIBABA TO BE SPLIT INTO SIX BUSINESS GROUPS
BEIJING – Alibaba Group, one of the largest and most influential tech companies in China, announced today, that it will split into six business groups, each with its own CEO and board of directors. This is the most significant reorganization … Continue reading ALIBABA TO BE SPLIT INTO SIX BUSINESS GROUPS
Financial investors unsettled by disappearance of Jack Ma
NEW YORK/BOSTON/HONG KONG – Billionaire Jack Ma’s 50-second video reappearance has done little to resolve Alibaba Group’s troubled relationship with regulators that is making some investors hesitate about owning the Chinese e-commerce giant’s stock. Relief at Ma’s first public appearance … Continue reading Financial investors unsettled by disappearance of Jack Ma
Alibaba: Digitalization is the ‘Biggest Opportunity of Our Time’
Hangzhou – Closing out Alibaba’s annual Investor Day event on Wednesday, Chairman and CEO Daniel Zhang told viewers tuning in virtually that there had been internal discussion about whether business strategy and priorities needed a revamp to restore normalcy and … Continue reading Alibaba: Digitalization is the ‘Biggest Opportunity of Our Time’
Alibaba and JD.com handle a record billion in sales
Hangzhou – Hangzhou – China’s two biggest e-commerce giants Alibaba and JD.com handled $136.51 billion of sales through their platforms during one of the country’s biggest shopping events. Known as 618 because it falls on June 18, the festival was … Continue reading Alibaba and JD.com handle a record billion in sales
Jack Ma foundation donates masks, medical supplies
Hong Kong – Alibaba founder Jack Ma has pledged to donate emergency supplies such as face masks and testing kits to 24 Latin American countries and some of Asia’s poorest nations to combat the coronavirus. Ma said in a tweet … Continue reading Jack Ma foundation donates masks, medical supplies
Alibaba listing secures Hong Kong’s financial status
Hong Kong – Alibaba’s blockbuster stock listing in Hong Kong on Tuesday shows that the territory is still Asia’s premier financial hub, despite ongoing protests. But this political turmoil is also pushing Beijing to further build up Shanghai and Shenzhen … Continue reading Alibaba listing secures Hong Kong’s financial status
Alibaba beats quarterly revenue estimates
Beijing – China’s Alibaba Group Holding Ltd (BABA.N) reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and cloud computing businesses. The results come as the company gears up for its annual … Continue reading Alibaba beats quarterly revenue estimates
E-Commerce: Chinese to spend a record US$1 trillion
Beijing – The Chinese tech titan’s shoppers are on course to spend a record US$1 trillion this year, according to a new study from Emarketer, and they’re expected to spend even more in the next couple of years. But as … Continue reading E-Commerce: Chinese to spend a record US$1 trillion
ALIBABA: Anti-Counterfeiting Alliance successful
Shanghai – Since its launch in January 2017, the Alibaba Anti-Counterfeiting Alliance (AACA) has tripled in size, with over 105 brands registered and 12 industry categories represented. More global top names including Adidas, Estee Lauder, Levi’s, L’Oreal, Luxottica and Ralph … Continue reading ALIBABA: Anti-Counterfeiting Alliance successful
Singles’ Day: Alibaba Online Sales exceed 5 Billion Yuan
Hanghou – The online buying fiesta on this year’s Nov. 11, also China’s Singles’ Day, smashed records, with e-commerce giant Alibaba ringing up sales of over 5 billion yuan, thanks to the world’s biggest online retail sales day.Online sales on … Continue reading Singles’ Day: Alibaba Online Sales exceed 5 Billion Yuan