Category

Alibaba

Alibaba invests $38.12 Million in UTour Group, Becomes Second Largest Shareholder Alibaba

Alibaba invests $38.12 Million in UTour Group, Becomes Second Largest Shareholder

(Source: Unsplash) On Thursday, UTour Group Co., Ltd. announced through the Shenzhen Stock Exchange that Feng Bin, the controlling shareholder and actual controller of the company, and Guo Hongbin, a shareholder holding more than 5% of the company’s shares, signed a share transfer agreement with Alibaba (China) Network Technology Co.,…
bubmag
December 9, 2021
Alibaba Enters The Digital Art Marketplace, Joining China’s Flourishing NFT Sector Alibaba

Alibaba Enters The Digital Art Marketplace, Joining China’s Flourishing NFT Sector

In the past year, Chinese tech giants have ventured into the NFT realm, tapping and fueling the popularity of virtual assets in China. In June, Alibaba plunged into the realm of NFTs, selling out 16,000 limited-edition artworks in a matter of minutes on the company’s payment arm, Alipay. The artistic…
bubmag
September 29, 2021
War epic tops China’s presale box-office charts for National Day holiday Alibaba

War epic tops China’s presale box-office charts for National Day holiday

(China Daily) With stunning presale receipts exceeding 85 million yuan ($13.1 million), the upcoming film, The Battle at Lake Changjin, is currently topping the country's presale box-office charts for the upcoming National Day holiday , one of the most fiercely contended periods for blockbusters.A recreation of the title battle, a turning…
bubmag
September 28, 2021