Alibaba

Alibaba Group Holding ’s instant commerce service announced on Wednesday a substantial subsidy programme totalling 50 billion yuan (US$7 billion) over the next 12 months for both consumers and merchants, intensifying the fierce competition in China’s on-demand delivery sector, where JD.com and Meituan are also major players. Consumers using Taobao’s…

Listen to article The online retail platform of Chinese tech giant Alibaba announced on Wednesday that it will issue $7 billion in subsidies for certain purchases, providing a much-needed boost for a country struggling with sluggish spending. Taobao, China’s e-commerce champion launched by Alibaba in 2003, said in a WeChat statement that…

Entertainment June 29, 2025 by Yewande Fasan Renowned Nigerian comedian Alibaba has revealed the unexpected moment that marked the beginning of his career in comedy. Speaking in a recent interview on Channels Television’s Sunrise, Alibaba revealed that his foray into the entertainment industry was unplanned and happened during his days…

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Billions in corporate buys can’t budge Bitcoin—5 reasons the BTC price won’t move Christina Comben · 2 months ago · 3 min read Why is Bitcoin’s price flat even as companies buy billions? Hidden dynamics behind ETF flows, paper bitcoin, and market manipulation, for a start. 3 min read Updated:…

We “stepped on our own foot” in recent years, admits Alibaba chairman Joe Tsai. Credit: 123RF Alibaba Group has restructured its partnership committee, trimming nine members and adding e-commerce head Jiang Fan, according to its annual report released Thursday. The number of partners dropped from 26 to 17 in fiscal…

For 40 yuan ($6) an hour, Huang Mingyu hired a 25-year-old to roam the streets of a small city in eastern China, asking strangers if they’d seen her missing bird. The bird — a green peach-faced lovebird she’d hand-fed for weeks — escaped in April, during a holiday trip to…

Thursday 26 June 2025 3:55 pm  |   Updated:  Friday 27 June 2025 7:43 am accelerator programmes are falling short of helping companies scale. Alibaba.com has launched an innovation-based competition for UK and European small and medium enterprises (SMEs), with a prize pot of £750,000. The Co-Create Pitch awards, which launched…

Hong Kong-based film and TV studio Salty Pictures has signed a first look deal with Chinese entertainment powerhouse Damai Entertainment (formerly Alibaba Pictures) to develop a slate of Chinese-rooted films with global appeal. The partnership kicks off with “Not Friends,” a Mandarin-language adaptation of the Thai coming-of-age comedy-drama that served…

Taking into account various factors, including market dynamics and operational performance, Damai Entertainment (formerly Alibaba Pictures) has reportedly decided to shut down Koitake, a wholly owned subsidiary. The company stated it would handle post-closure matters appropriately. According to sources familiar with the situation, one key reason for the closure was…