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Alibaba, China’s largest e-commerce firm, reported a modest 1.7% increase in third-quarter revenue, significantly below expectations. However, more concerning was the staggering 66.3% drop in net income, largely due to heavy spending on one-hour delivery and…
Alibaba Group’s online marketplace Taobao this week rolled out a new version of the shopping app that’s more accessible for senior users. Piloted ahead of China’s 11.11 Global Shopping Festival, Taobao’s “senior mode” features larger text and icons,…
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…
Alibaba Cloud, the digital technology and intellectual backbone of Alibaba Group, launched Project AsiaForward with an initial USD1 billion funding and resources to cultivate a million-strong digital talent pool, empower 100,000 developers and the growth of…
Chinese multinational conglomerate holding company Alibaba Group has filed confidentially for an initial public offering in Hong Kong, Bloomberg reported on Thursday, citing people familiar with the matter. Previously reported that the group was mulling a…
In South East Asia, online retail grocery is growing as an increasing number of Singaporeans prefer to do their shopping online. “It is getting better and better,” said Mr Vikram Rupani, president of RedMart, an online grocery company based in Singapore that…
