Alibaba

Chinese tech giant Alibaba is joining a coalition pledging to freely distribute energy efficient and green technologies, and has made nine patents available as part of the deal.  The patents Alibaba is giving to the Low Carbon Patent Pledge (LCPP) mostly involve parts of its own in-house "soaking server" liquid…

Your browser does not support the audio element. Since the end of last year, several Internet giants have been the center of rumors about layoffs. Technology Daily reported on Wednesday that Alibaba’s DAMO Academy has gone ahead with a plan to cut a third of its workforce. On October 11, 2017,…

E-House has a bit less to celebrate these days In today’s roundup of regional news headlines, Alibaba-backed E-House becomes the latest Chinese property firm to default on a bond, top executives at two mainland investment companies vacate their posts with little or no explanation, and local tycoons advise the campaign…

On March 1, Kuaishou officially announced the termination of its cooperation with China’s giant in the e-commerce space and cut off Alibaba’s Taobao product links. Last year, other newer platforms like Xiaohongshu and Douyin also made similar moves as they stepped up to create an independent e-commerce space. As these…

Watch This Episode On YouTube Listen To The Episode Here: Apple Spotify Google LibsynOvercastIn this episode of “Bitcoin Magazine Podcast,” hosts Alex McShane and Q interview Strike CEO Jack Mallers to discuss Bitcoin, life and legacies built on a sound money standard. Building The Best Financial ExperienceJack Mallers speaks about…

(Source: Alibaba) Your browser doesn’t support HTML5 audio Chinese tech and e-commerce giant Alibaba Group announced its financial results for the quarter ended December 31, 2021. Its revenue in the period reached 242.58 billion yuan ($38 billion), a year-on-year increase of 10%. However, its net income and non-GAAP net income…

Shares in Alibaba dropped around 6% Thursday morning on reports of the Chinese tech giant’s slowest revenue growth since its landmark US listing in 2014. The company’s shares eventually rebounded slightly to close 0.7% down on the US market. Alibaba’s total revenue for the quarter ended December 2021 grew 10% year…

Alibaba’s revenue was RMB242,580 million (US$38,066 million) in Q4 2021, an increase of 10% year-over-year that was primarily driven by the revenue growth of China commerce segment by 7% year-over-year to RMB172,226 million (US$27,026 million), cloud computing segment by 20% year-over-year to RMB19,539 million (US$3,066 million), local consumer services segment…

Image: Getty Images Alibaba Group has reported its latest quarterly earnings for the period ended 31 December 2021, the first since the company unveiled its major restructuring plans at the start of December. Under the restructure, the Chinese internet giant has split its global and domestic e-commerce business into two…

Alibaba's quarterly revenue was up 10% from a year ago, its slowest in seven years...Read More