Alibaba

On April 3, Cainiao, a Chinese logistics company launched by Alibaba, announced a cooperation agreement with Shenzhen Bao’an International Airport to jointly build the first national air cargo center for Cainiao international express and introduce more international air cargo routes, increasing the capacity of full freighters. To enhance cooperation between…

Alibaba’s financial affiliate, Ant Group, has partnered with Zhejiang University to establish an Intelligent Vision Joint Laboratory, aimed at tackling core intelligent vision technology, according to local media outlet Zhejiang Daily. This collaboration aims to promote computer vision, one of the fastest-growing fields of artificial intelligence and one which seeks…

Following two years of crackdowns and sanctions, China appears ready to unlock private sector potential via tech IPO developments.  Alibaba Group Holding and JD.com are reportedly involved in developments that could revive the long-dormant tech IPO landscape in China. Both tech giants are setting plans to float initial public offerings…

Alibaba‘s digital map service Amap is adding wheelchair navigation feature to make travel more convenient for individuals with disabilities with the latest addition of public restroom information in the city of Hangzhou. Amap’s accessible navigation service has now covered Beijing, Shanghai, Chengdu, Shenzhen, Guangzhou and other major cities in China.…

Alibaba's logistics unit is seeking Hong Kong IPO. Bloomberg: Citigroup is speaking with Cainiao. Valuation said to be $20 billion. BABA makes its up to $103-$105 resistance zone. Alibaba (BABA) stock has advanced as much as 4% on Thursday after the logistics subsidiary of China's ecommerce leader was reportedly already…

Alibaba is prepared to let go of some of the business units created in the break up of its empire. 3 ways to make faith part of your work The group’s chief financial officer Toby Xu said the $220 billion Chinese internet giant would “continue to evaluate the strategic importance…

Alibaba will evaluate the strategic importance of its six standalone units within the group and decide “whether to retain or relinquish control” after these units are listed, the e-commerce giant’s Chief Financial Officer Toby Xu said on a conference call with investors and reporters on Thursday. The call followed Alibaba’s…

Microsoft integrates ChatGPT in new security product, Alibaba announces it is splitting in six business units and Google staffers laid off in Ireland offered more than $300,000 in severance. These stories and more on Hashtag Trending for Wednesday, March 29th I’m your guest host for the week, James Roy –…

TechSpot is about to celebrate its 25th anniversary. TechSpot means tech analysis and advice you can trust. What just happened? In a surprise move, Chinese tech giant Alibaba has announced plans to split itself into six different business groups. The company reportedly plans to offer IPOs for at least five of the…

Chinese e-commerce giant Alibaba has confirmed plans to split into smaller groups to allow each one pursue independent IPO. Alibaba Group Holding Limited (NYSE: BABA) recently announced plans to split into 6 business units, each capable of pursuing an IPO. According to the Chinese e-commerce giant, the move seeks to “unlock…