Alibaba

Alibaba Group Holding Ltd. is shaking up its leadership, with Daniel Zhang planning to step down from his roles as both chairman and chief executive. Joseph Tsai, Alibaba’s 9988, +0.72% BABA, +2.05% current executive vice chairman who also is known in the U.S. for owning the Brooklyn Nets basketball team,…

Executive shuffle comes after Chinese tech giant's restructuringZhang to wholly focus on cloud unitJoseph Tsai to succeed Zhang as Alibaba Group chairmanAlibaba aims to complete cloud unit listing in a yearSHANGHAI, June 20 (Reuters) - Alibaba Group (9988.HK) on Tuesday said its CEO and chairman Daniel Zhang will step down…

Alibaba founder Jack Ma held a small-scale internal meeting with top executives from Taobao and Tmall in late May to discuss the state of the company’s core e-commerce group, according to a Monday report by LatePost. During the meeting, Ma pointed out that the group faces severe competition, past success…

June 19 – According to Chinese media Baobian, the governance structure of Alibaba Group (BABA.NYSE, 09988.HK) is gradually becoming clearer after the 1+6+N restructuring plan. It is speculated that Daniel Zhang, the highest-ranking executive, may shift his focus to the development of Alibaba Cloud and step down as Chairman and…

Chinese billionaire Jack Ma taught his first university class in the Japanese capital last week, as he continues his retreat from the limelight after publicly criticizing Beijing’s regulators. Despite being worth an estimated $34.5 billion, Ma announced in May that he would be taking up a visiting professor position at…

During 6.18 shopping festival, 180,000 people in China bought watersports shoes...Read More

Topline Jack Ma, the billionaire cofounder of e-commerce behemoth Alibaba and one of China’s wealthiest people, seems to be slowly returning to public view after years of lying low and avoiding the spotlight for irking Beijing’s political elite, though his rare appearances suggest he is returning to his roots as…

TSMC’s facility in Nanjing. Credit: Taiwan Semiconductor Manufacturing Co., Ltd. Senior executives from TSMC will gather in Shanghai this week for the company’s annual tech forum TSMC Technology Symposium on June 21, where the chip giant will share details of its forthcoming products and technologies, according to media outlet icsmart.…

Approximately 1 million Pinduoduo merchants have established online stores on Alibaba’s Taobao, according to sources familiar with the matter. This figure accounts for nearly 20% of Taobao’s 5 million new merchants this year. To assess new entries on the platform, questionnaires are administered, inquiring about their prior experience operating offline…

On June 15th local time, J. Michael Evans, the President of Alibaba Group, a giant e-commerce company, stated that Alibaba Group is focused on establishing local businesses and online platforms outside of China and will prioritize development in Europe. Evans stated at a technical conference in Paris that they will…