Alibaba

(Source: Alibaba) Alibaba DAMO Academy, the global research initiative set up by Alibaba Group, today announced that the last-mile logistics vehicle “Xiaomanlv”, developed by its autonomous driving lab, has delivered over one million shipment orders as of September 2021. Currently there are over 200 Xiaomanlv operating in 22 provinces in…

Alibaba is seeking to sell its stake in Mango Excellent Media, a pop culture media company backed by a local state broadcaster, at a loss of USD 356 million as regulators scrutinize big tech companies and the entertainment industry. Alibaba’s investment arm, Ali Venture Capital, now holds roughly a 5%…

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The average U.S. small business worker is estimated to work over 50 hours a week. That’s nearly 14 hours more than the average American worker, and 14 hours likely that these SMBs wish they could save in their weekly efforts. But how can they achieve this? Fortunately, retailers and SMBs…

How To Legally Start a Business Considering starting your own business? Register today for this upcoming webinar to find out how to do it legally.  Register today! Read More

XTransfer, which has investors including Alibaba-backed fund eWTP, said the new capital comes as China's exports reach record highs in 2021. Read More

The Alibaba Cloud x KrASIA Global Startup Accelerator is live! The program brings together new technologists, venture capitalists, and other players across Asia to identify startups that are compatible with Alibaba’s ecosystem. The accelerator’s selection process involves a series of Demo Days. The Malaysia Demo Day kicked off to a…

(Source: DeepRoute.ai) DeepRoute.ai, an L4 autonomous driving company in China, announced on Tuesday that it had completed the B round of financing of $300 million, which was led by Alibaba, followed by previous shareholders such as Fosun RZ Capital, Yunqi Partners and Glory Ventures, as well as industrial funds under…

The digital yuan app is loaded with RMB 200. (Image credit: TechNode/Jiayi Shi) Alibaba sells out 50 digital mooncakes in non-fungible tokens (NFTs), ahead of the Mid-Autumn Festival. The Bank of International Settlement urges central banks worldwide to act fast and develop their own national digital currency. Beijing’s regional equity…

Google has been fined 207.4 billion won (around $177 million) in South Korea for abusing its dominant market position to stop device manufacturers from using modified versions of Android, Bloomberg reports. Specifically, the Korea Fair Trade Commission (KFTC) is taking issue with the anti-fragmentation agreements (AFA) Google has manufacturers like…