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In a significant shift within its operational strategy, Alibaba Group has announced plans to merge its food delivery service Ele.me and online travel platform Fliggy into its China e-commerce business segment. This development, revealed by CEO Eddie Wu in an…
Funds belonging to the Zug-based private equity specialist sell a stake to Alibaba.com. The China-based B2B platform intends to use it to expand and grow in Europe. Capvis has managed a coup. The Baar based private equity specialist has completed the sale of…
Alibaba Group will aim to achieve carbon neutrality in its own operations and slash emissions across its supply chains and transportation networks by the end of the decade, the Chinese e-commerce giant pledged on Friday. Alibaba promised to achieve carbon…
Alibaba Cloud, the digital technology and intellectual backbone of Alibaba Group, has seen the demand for its database family of products doubles year-over-year. The increment was fueled by industries’ growing needs to move their operation online given the…
Alibaba Group founder Jack Ma, who helped launch China’s online retailing boom, has stepped down as chairman of the world’s biggest e-commerce company as its fast-changing industry faces uncertainty amid a US-Chinese tariff war. Ma, one of China’s wealthiest…
