Alibaba

What Happened: It’s been a big month for tech earnings in China. On August 16, JD.com reported that net revenues for the quarter ended June 30 jumped 7.6 percent to $39.7 billion (287.9 billion RMB), beating analyst estimates.  The number of marketplace merchants more than doubled thanks to lowered platform…

The High Court has made orders directing the head of the Christian Brothers to provide two men with details they require to progress civil actions against the order over sexual abuse they suffered more than 40 years ago. Anthony Doherty and Donal Lynch claim that on dates between 1972 and…

On August 10, Alibaba Group released its financial report for the three months ended June 30, 2023, delivering a solid quarter marked by a revenue of ¥234.16 billion ($32 billion), representing a year-on-year growth of 14%. The non-GAAP net income was ¥44.922 billion ($6.2 billion), a year-on-year increase of 48%, surpassing market expectations. Daniel…

Heels Discord Season 2 Episode 3 Editor’s Rating 4 stars **** Heels Discord Season 2 Episode 3 Editor’s Rating 4 stars **** Photo: Daniel Delgado/Starz/Heels B) 2022 Starz Entertainment, LLC Welcome to Jack Spade’s Apology Tour, everybody. The reviews are in: Very heartfelt, not enough crying. Admittedly, there would never…

NVIDIA video chip on the motherboard, close-up Credit: Nvidia China’s tech giants, including Baidu, ByteDance, Tencent, and Alibaba, have initiated orders with Nvidia for $5 billion worth of chips to construct generative artificial intelligence systems, as reported by the Financial Times on Wednesday. These companies have placed orders totaling $1…

The name Marucci is synonymous with excellence in baseball. Is it any wonder, then, that LSU's run to the College World Series is being armed by the man behind one of the premier baseball equipment companies in the world? Jack Marucci isn't the only reason LSU is among the top…

Henderson Land is offering low prices on its Henley Park project in Kai Tak (Henderson Land) In today’s roundup of regional news headlines, big-name Hong Kong developers dangle deep discounts to lure buyers to new projects, and Alibaba’s Cainiao logistics arm replaces one of the banks preparing its IPO. Also…

Alibaba Group – a Chinese technology company specializing in e-commerce – announced that Joseph Tsai will replace Daniel Zhang as the entity’s new Chairman.  The Taiwanese-Canadian billionaire businessman is known as an advocate of the cryptocurrency industry, and his name has been involved with several digital asset projects. Recent sources…

Arsenal is reportedly confident in their pursuit of Jurrien Timber from Ajax, as the versatile defender has expressed his desire to join the Gunners. Although the 22-year-old has been linked with a move to Manchester United over the past year and remains a target for his former manager Erik ten…

Image Source: CNBCAlibaba has revealed its leadership transition plans, with the pro-crypto Joseph Tsai set to replace long-time chief Daniel Zhang as the new Chairman. In a Tuesday press release, the company also said that Eddie Wu, now chairman of Alibaba’s core Taobao and Tmall online commerce divisions, will take over…