Alibaba

CIW / Retail & E-commerce / JD.com highlights in Q2 2021; annual customers grew 27% to 532 million August 24, 2021 By CIW Team Jingdong (JD.com) annual activee-commerce customer accounts increased by 27.4% to 531.9 million in the 12 months ended  June 30, 2021, from from 417.4 million a year…

Hangzhou Municipal Party Committee Secretary Zhou Jiangyong, 53, has been placed under investigation for serious violations of party discipline and state law Topics China | Alibaba | Ant Group China is investigating Hangzhou’s top government official for serious disciplinary violations, casting a spotlight on the city that is home to Jack Ma’s Ant Group…

(THR) Disney and Pixar’s Luca, the first Hollywood movie to release in China in 10 weeks, opened to just $5.1 million over the weekend, coming in a distant second place behind holdover Chinese hit Raging Fire, which has been in cinemas since late July.Directed by the late Benny Chan and starring…

HONG KONG—China’s anticorruption watchdog is investigating top government officials in the eastern Chinese city of Hangzhou, where Alibaba Group Holding Ltd and Ant Group Co. are based, raising questions about close ties between local top-level Communist Party officials and the private sector. On Monday, China’s Central Commission for Discipline Inspection…

Last week, China’s market regulator announced a draft of new regulations on big tech companies in its latest effort to tighten control of the tech sector. The draft, released by the State Administration for Market Regulation, would give more power to the agency’s local branches to investigate inappropriate activity by…

(Image credit: Nice Tuan) Alibaba-backed online grocer Nice Tuan is reportedly downsizing its operations, according to an internal letter (in Chinese) made public on Saturday and in various Chinese media reports.  Why it matters: Nice Tuan is the latest grocery startup to scale back its operations amid consolidation in China’s…

The Amazon AWS Global Infrastructure is built for performance. AWS Regions offer low latency, low packet loss, and high overall network quality. This is achieved with a fully redundant 100 GbE fiber network backbone, often providing many terabits of capacity between Regions. Amazon has or will soon have about 100…

Brainy and ambitious, Jack Ma built one of China’s largest business empires from scratch, creating billions of dollars in wealth and introducing digital innovations to hundreds of millions of people. He wasn’t China’s Jeff Bezos, Elon Musk or Bill Gates. He was their peer. Now he has disappeared almost entirely…

TSMC surpasses Tencent and Alibaba to become Asia’s most valuable company TSMC has surpassed Tencent and Alibaba to become the company with the highest market value in Asia. Due to the severe impact on the supply chain due to the COVID-19 epidemic and the surge in demand from industries such…

Brainy and ambitious, Jack Ma built one of China’s largest business empires from scratch, creating billions of dollars in wealth and introducing digital innovations to hundreds of millions of people. He wasn’t China’s Jeff Bezos, Elon Musk or Bill Gates. He was their peer. Now he has disappeared almost entirely…