Alibaba

Leading Chinese tech firm Alibaba announced it would donate 125 million yuan ($18.4 million) to equip more than 600,000 village clinics with two oximeters, basically achieving full coverage in rural areas. Oximeters, the medical devices assessing patient oxygen levels, became more necessitous for elderly people especially in rural areas since…

Mumbai: China's Alibaba Group has sold about a 3% stake in One97 Communications, the parent entity of leading Indian mobile payments and financial services company Paytm, for ₹1,031 crore through a block deal on Thursday. According to block deal data on the NSE, Alibaba.com sold 19.2 million shares at ₹536.95…

Digital payments firm Paytm saw its stock decline markedly after a shareholder offloaded 19.20 million shares. Paytm shares suffered an 8.8% decline on Thursday following a series of block deals recorded by parent One97 Communications Ltd. According to reports, roughly 19.20 million shares or a 3% stake in the digital…

On Tuesday, Tencent super app WeChat blocked users from accessing links to ByteDance-owned short video app Douyin, according to local media outlet Yicai. Users were no longer able to access the TikTok sister app by clicking on or copying Douyin links within WeChat, though links to Alibaba’s online shopping platform…

What Happened: Tech titan Jack Ma is taking a step back from his business Ant Group, which owns Alipay, the world’s largest mobile payment platform. Ma is said to be relinquishing majority control of the company after Ant Group announced it had changed its corporate voting structure to “optimize…corporate governance…

Qi Junyuan, the former head of Alibaba‘s online storage platform and founder of Teambition, a digital collaboration platform, has recently joined Feishu, an office communications platform operated by ByteDance, 36Kr reported on January 11. Feishu later confirmed the report. An individual close to Feishu said that Qi will report to…

On Wednesday, Alibaba DAMO Academy released its forecast of leading technology trends for 2023. AI-generated content (or Generative AI) tops the list as its growing applications will transform how digital content is produced. Another key emerging technology will be dual-engine decision intelligence, which integrates machine learning into decision optimization to…

Chinese web users found on January 4 that Youku, a video streaming platform that operates as a subsidiary of Alibaba, had changed the login rules for member accounts. Now, only one account can be logged in on a single smartphone simultaneously, down from the previous limit of three. In response,…

Aigens, a Hong Kong-based startup that provides online ordering and marketing tools for the food and beverage industry, picked up a fresh $14 million Series A funding round led by Ant Group, the fintech behemoth affiliated with Alibaba, the company announced Monday. The capital infusion from Ant came at a…

We take a look at why BNPL is taking off in Vietnam and check out an ecommerce platform in Spain launched by an Alibaba subsidiary...Read More