Topic
632 stories in this topic
Alibaba Group on Wednesday said it is developing a ChatGPT-style tool that is currently in internal testing, joining a race by tech companies globally to show they are up to speed on generative artificial intelligence (AI) developments. The Chinese e-commerce…
Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport and a data centre near the Turkish capital Ankara with an investment of more than $1 billion, its president, Michael Evans, was cited as saying. Turkey’s Sabah…
Victims of property firm Alibaba, which faces fraud accusations, are unlikely to get compensation in land since the projects it advertised were nonexistent, lawyers familiar with the case said. Obtaining cash compensation would be time-consuming due to a…
Alibaba will apply for a primary listing in Hong Kong and keep its US listing, the first big company to take advantage of a rule change allowing high-tech Chinese firms with dual-class shares to seek dual primary listings in Hong Kong. Shares in Alibaba rose…
China has imposed fines on technology giants Alibaba and Tencent, as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country’s market regulator, said on Sunday. The State Administration for…
Chinese tech giant Alibaba is taking Lazada to Europe as part of its strategy to drive growth in overseas countries. It was reported that the plan to expand Lazada to Europe was due to Alibaba’s slowing opportunities in China. The company’s latest interim…
Alibaba Group’s marketplace Taobao Deals launched a 10-Yuan Store this week for China’s bargain hunters seeking daily necessities. Goods are priced below RMB10 (US$1.57) each at the digital stores, which are similar in concept to dollar stores in the US or…
The Vietnam Pavilion was launched on Chinese e-commerce platform Alibaba.com Friday to globally promote the country’s products and success stories. The Vietnam Trade Promotion Agency and the tech giant signed a deal for the purpose. Deputy Minister of…
China’s Alibaba has told its investors that overseas e-commerce would be a key focus as it looks for new sources of growth after a difficult year at home. Earlier this month, Alibaba Group Holding restructured its e-commerce business into separate China and…
Chinese e-commerce giant Alibaba has fired a woman who accused a former co-worker of sexual assault in July this year. A dismissal letter, became effective on Nov. 25, the day it was given to the employee. She is identified in court papers only by her…
Alibaba said it would form two new units to house its main e-commerce businesses – international digital commerce and China digital commerce, in a bid to become more agile and accelerate growth. The international digital commerce unit will house Alibaba’s…
China’s Alibaba forecast annual revenue to grow at its slowest pace since its 2014 stock market debut as second-quarter results missed expectations due to slowing consumption, increasing competition, and a regulatory crackdown. U.S.-listed shares of Alibaba…
Fast-growing non-alcoholic spirits brand Lyre’s, has raised $37 million in a round that values the business at A$500 million less than three years after it launched. The funding round was led by a new investor, D Squared Capital, alongside existing investor,…
“Over the last 12 years, 11.11 has showcased the tremendous consumption power of Chinese consumers and pushed boundaries for the global retail sector,” said Chris Tung, Chief Marketing Officer of Alibaba Group. “This year’s Festival marks a new chapter for…
Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days. The Chinese billionaire has been keeping a low…
China’s Alibaba Group Holding Ltd has begun offering payment services from Tencent Holdings Ltd’s WeChat on a number of its apps, after the government ordered major tech firms to stop blocking each other’s services and links. Local tech blog 36Kr reported on…
