Alibaba

SoftBank Group is accelerating its pace of asset sales, highlighting the urgent need to raise cash as it strives to outlast a prolonged “tech winter.” The Japanese investment group is effectively selling about 38% of shares it owns in Alibaba Group Holding—worth about USD 22 billion based on the Chinese…

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo NEW YORK, Aug 10 (Reuters) - SoftBank Group Corp (9984.T) is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding (9988.HK)…

Unity officially announced the creation of a new China company on Tuesday, with investment from Alibaba, ByteDance’s Douyin Group, Oppo, China Mobile, miHoYo, and more. The new entity, which was initially registered in Shanghai in 2012 according to Qichacha, is estimated to be worth $1 billion. Unity said in the…

If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Software firm partners with several tech outfits including Douyin, but will remain in control of the new entity Unity has moved to set up a joint venture in China valued…

Your browser does not support the audio element. Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced on Thursday the global launch of Energy Expert, a sustainability platform to help customers measure, analyze and manage the carbon emissions of their business activities and products around the world.…

The Alibaba Cloud x KrASIA Global Startup Accelerator is back as part of the Alibaba Cloud Indonesia’s Go Startup Program. By bringing together technologists, venture capitalists, and entrepreneurs in Asia, this program identifies startups that are compatible with Alibaba’s ecosystem and aims to nurture and foster digital talents and entrepreneurship…

Last Updated: 1st July, 2022 15:27 IST A former employee of Alibaba has accused her then-manager of trying to rape her on a business trip last year as she pushes police to review charges in a case that has cast a rare spotlight on workplace harassment in the country. Image:…

On Thursday, Alibaba Cloud launched a carbon management platform called Energy Expert for business clients. Through a prebuilt calculation model, the platform can help firms measure, analyze, and manage the carbon emissions of their business activities and products. The model can utilize public emission factors datasets and the software’s proprietary…

Alibaba has become the first company in China to receive approval to test self-driving trucks without a driver behind the wheel on public roads in the eastern city of Deqing. The e-commerce giant has had permission to conduct small-scale vehicle testing with a backup driver in the eastern Zhejiang province…

Your browser does not support the audio element. 21st Century Business Herald reported on June 24 that Alibaba Sports’ employees had received a letter from their CEO Mu Yang, saying that the company would be renamed as “Orange Lion Sports,” and that he would also serve as the company’s chairman.…