Alibaba

Posted inNews Feed T11, a Chinese fresh produce and groceries supermarket chain, has received a $100 million Series B led by Alibaba. Review Capital and returning investor MSA Capital also participated in the round. T11 will use the proceeds to upgrade the services in the core retail businesses, build e-commerce…

BEIJING - Chinese e-commerce giant Alibaba Group Holding has dismissed a female employee who accused a former co-worker of sexual assault earlier this year, government-backed newspaper Dahe Daily reported late on Saturday. Dahe Daily interviewed the employee, saying she had received notification of termination at the end of November, and published…

Chinese tech giant Alibaba fired a female employee and accused her of spreading false information, her lawyer said Sunday, after she'd alleged that a supervisor raped her during a business trip earlier this year. The woman, who has been identified in media reports by her surname Zhou, was dismissed from…

Why it matters: Earlier this week, developers of the open-source security platform LunaSec discovered a zero-day vulnerability affecting a widely used Java-based logging library. The vulnerability, identified in a blog post as Log4Shell (CVE-2021-44228), can give third parties the ability to execute malicious code on vulnerable systems. The vulnerability's discovery…

December 11, 2021 By CIW Team In Q3 2021, mainland China’s cloud infrastructure services spending increased by 43% year on year to US$7.2 billion, according to data from Canalys. Operational workload transfer and cloud-native application development continued to drive investment as part of organizations’ digital transformation goals. In mainland China,…

Pan Shiyi could have looked grumpy about the US Open match or because his $3 bil deal was called OB Mainland authorities are continuing to clamp down on the nation’s billionaires with real estate power couple Pan Shiyi and Zhang Xin, who together control and manage developer Soho China, recently…

(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.,…

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…

Twitter integrating the Strike API to bring Bitcoin payments to the social media giant’s Tips feature made news the world over. While many users are eagerly waiting for the global rollout, Strike CEO Jack Mallers has been on an interview spree. During an episode of the What Bitcoin Did podcast,…

The sale of related accessories has also been banned, along with cryptocurrency itself. The China-based e-commerce company Alibaba has banned sales of cryptocurrency miners on its website. Alibaba Will Close Two CategoriesAlibaba’s announcement states that two categories will be closed: blockchain miners and blockchain miner accessories. The prohibition means that…