Alibaba

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…

THR) Universal’s Jurassic World Dominion scored another win at China’s theatrical box office over the weekend, taking $23.3 million for a running total of $92.4 million.Facing modest competition from Chinese youth drama One Week Friends, produced by Alibaba Pictures, Dominion slipped 56 percent in its second frame...Read More

Deppon, a Chinese courier company backed by e-commerce heavyweight JD.com, has had autonomous vehicle startup DeepRoute.ai hauling cargo for it on several routes in Shenzhen as part of a newly publicized partnership between the two companies. DeepRoute is hauling freight between a Deppon warehouse and three terminals across the city’s Futian and Longhua…

The NFT hype took off in China in July 2021 when Alibaba‘s 阿里巴巴集团 Alipay ecommerce app and the Dunhuang Academy jointly released two artworks in limited quantities. The NFTs were priced at 10 Alipay points and 9.9 yuan ($1.47) each, but later fetched up to 1.5 million yuan ($223,247) apiece…

CIW / Technology / Mobile reach in 2022: Tencent, Alibaba, Baidu, ByteDance, Kuaishou May 3, 2022 By CIW Team Tencent has the highest reach of internet users in China in 2021 (95%) with 442 mobile apps, followed by Alibaba (88%), Baidu (81%), and ByteDance (73%), according to data from QuestMobile.…