Alibaba

What Happened: Between August 24 and 30, Alibaba held its seventh Taobao Maker Festival in Guangdong. This year’s theme, The Future Land, focused on technology and emphasized interactivity. Over 1,000 visitors had the opportunity to access thousands of products sold on Alibaba’s e-commerce platforms Taobao and Tmall, while online viewers…

Chinese technology giants including Alibaba have seen slower-to-no-growth as China's economy faces weakness as a result of Beijing's zero-Covid policy. Qilai Shen | Bloomberg | Getty Images Chinese technology giants are coming off the back of their worst quarter of growth in history as a big slowdown in the world's…

What is “instant retail”? Chinese media are using “instant retail” to describe how brick-and-mortar stores, including independent stores that are not part of a chain or franchise, are harnessing the internet (more specifically, third-party online sales and logistics networks like Meituan 美团, JD.com 京东集团, and Pinduoduo 拼多多) to become suppliers…

Chinese e-commerce giant Alibaba’s cloud arm launched a new chip development platform called Wujian 600 on Wednesday. The platform was created for developers to design system-on-chips (SoCs) used for AI computation. The system focuses on RISC-V, a major open-source instruction set architecture that Chinese semiconductor firms have kept a close…

Your browser does not support the audio element. On August 23, Chongqing Municipal People’s Government signed a contract with Banma, a subsidiary of Alibaba, to reach a strategic cooperation deal. In the future, Chongqing will rely on the Banma OS automobile operating system to establish an open source platform for…

Fast fashion giant H&M has relaunched its e-commerce business in China and the news is trending on Weibo. Following the fallout from the Xinjiang cotton crisis when the Swedish retailer pulled material from the region, and the discovery that it had signed up to the Better Cotton Initiative (BIC), H&M…

Kaola reduced its headcount from around 400 last year to less than 20 in July, LatePost reported...Read More

Your browser does not support the audio element. According to a report by LatePost on August 18, as of July 2022, Kaola, a cross-border e-commerce platform acquired by Alibaba nearly three years ago, has shrunk from more than 400 people in 2021 to less than 20 people. The platform is…

After expanding fivefold in as many years, China’s market for online grocery deliveries is at a crossroads as it faces a debilitating price war and worker shortage. The fall of Missfresh, a pioneer in online grocery delivery, shows just how competitive the market has become. This month, the Beijing Consumer Association ordered…

The Alibaba Cloud x KrASIA Global Startup Accelerator Indonesia Demo Day was held in person for the first time in Jakarta on August 11 at BLOCK71 Jakarta. Ten finalists pitched their ideas to a panel of judges, including Eric Purwoko, solutions architect at Alibaba Cloud; Juvenco Pelupessy, principal of Skystar…