Alibaba

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.…

In the days leading up to the 618 shopping festival — one of China’s major e-commerce extravaganzas — users were served a WeChat Moments advert that led them directly to Tmall. The distinct brand name and logo of Alibaba’s marketplace were in plain sight (as per screenshots of the advert),…

GoGoX's listing was also the first in-person ceremony at the Hong Kong Exchanges & Clearing in two years...Read More

According to a court document distributed to news outlets, an investigation found evidence of Zhang “taking advantage of” the female employee’s intoxication and “violating her will” multiple times in their interactions. On the night of the meal, Zhang molested her in a private dining room and near the front desk…

JPMorgan Asset Management is doubling down on China tech stocks after enduring a tumultuous selloff, betting that a wind-down of regulatory crackdowns and attractive valuations will pay off big.  Rebecca Jiang, who co-manages three China equity funds with total assets of about $20-billion, said the firm hasn’t significantly trimmed holdings…

SleekFlow said its revenue has climbed 500% since its pre-series A capital raise from Alibaba Hong Kong Entrepreneur’s Fund last year...Read More

Your browser does not support the audio element. Microsoft, Meta, and 34 other companies and organizations have formed a standards group – Metaverse Standards Forum – for metaverse tech. The forum is supposed to foster open standards for augmented and virtual reality, and others. Participants in the forum include 36…

Freshippo, Alibaba’s online and offline grocery chain, has been cutting staff from its purchasing and operations teams since May, Chinese media outlet Jiemian reported on Tuesday. An unnamed Freshippo employee told Jiemain that the grocer has focused on cutting related teams in other regions and relocating the remaining staff to…

Alibaba has also become one of the most zealous practitioners of the Going Global strategy, and to offset regulatory headwinds at home in recent years, the company has actively expanded its footprint outside China. As of March 2021, Alibaba had over 1 billion annual active consumers (AACs), composed of 891…

Earlier this year, Trudy Dai, head of Alibaba’s new China digital commerce unit, was tasked to lead the tech giant’s core e-commerce business in a new direction. Amid weakening consumer demand and intensifying competition, Alibaba is betting on consumer spending to spur growth. While Alibaba now has 1 billion annual…