Alibaba’s charismatic co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview. Ma was an English teacher before starting Alibaba in 1999 and built it into a multibillion-dollar Internet colossus, becoming one […]
Alibaba purchases South Asia’s largest e-commerce platform Daraz Group
China’s e-commerce giant Alibaba Group acquired the entire share capital of Pakistan’s top and South Asia’s largest e-commerce platform Daraz Group. The purchase, for an undisclosed sum, will make Daraz a wholly owned component of Alibaba, operator of the popular Taobao and Tmall platforms. Read the full story at http://www.xinhuanet.com/english/2018-05/08/c_137164718.htm SOURCE: Xinhuanet
Alibaba tops revenue forecasts, investments clip margins
Alibaba reported better than expected top line results, driven by strong sales in its commerce and cloud computing units, even as margins were squeezed by investments. Aleksandra Michalska reports. Watch the video at https://www.reuters.com/video/2018/05/04/alibaba-tops-revenue-forecasts-investmen?videoId=423908609&videoChannel=5&channelName=Business SOURCE: Reuters
Jack Ma hopes Alibaba will make Olympics different
Alibaba’s Founder and Executive Chairman Jack Ma hoped Alibaba’s participation could make Olympic Games different and illustrate the greatness of small in an exclusive interview with Xinhua. Read the full story at http://www.xinhuanet.com/english/2018-02/10/c_136965146.htm SOURCE: Xinhuanet
Alibaba Cloud and partners to deepen collaboration in artificial intelligence
Alibaba’s cloud computing unit today signed deals with established partners to deepen collaboration in artificial intelligence to better serve the real economy.“Artificial intelligence should be better combined with industries to solve issues in the real economy and to lead the next wave of industrial revolution,” said Alibaba Cloud president Hu Xiaoming. Read the full story […]
Bailian Group aims to rejuvenate Shanghai’s shopping environment using Internet technologies
Shanghai’s retail conglomerate Bailian Group Co aims to rejuvenate the city’s shopping environment and to better target consumers’ preferences through Internet technologies and digital capabilities as it cooperates with e-commerce giant Alibaba Group. Read the full story at https://www.shine.cn/biz/economy/1712087526/ SOURCE: SHINE
Jack Ma: China to embrace new retail in next decade or two
Alibaba’s profit more than doubles
Quarterly revenue surged at the Chinese e-commerce giant’s online shopping platforms, Tmall and Taobao, as consumers bought groceries and electronics goods. Fred Katayama reports. SOURCE:Reuters
Fusionex, Alibaba Cloud to promote Cloud Computing in ASEAN
By Charles F Moreira, Editor Fusionex Corp Sdn Bhd and Alibaba Cloud partnered to jointly promote cloud-based applications to customers across the ASEAN region in a ceremony at the St. Regis Hotel in Kuala Lumpur on 26 September 2017. Both companies will also jointly drive innovation, in big data analytics (BDA), machine learning, artificial intelligence […]
Alibaba’s UC Web Browser may face ban in India over data theft
UC Web, the browser owned by Chinese internet giant Alibaba, has come under the scrutiny of the government as part of investigations against Chinese companies over data theft. If found guilty of stealing data of Indian users, the company may be banned in the country, a top official in the Ministry of Electronics and Information […]
