Alibaba

IN AMERICA, IF you want to dominate an industry, you channel your inner Elon Musk and shout about it. But CATL, the Chinese company that makes batteries for some of Mr Musk’s Tesla electric vehicles (EVs), is different. When your columnist first contacted it in 2017, the brush-off was swift.…

Food delivery giant Zomato on Wednesday launched its much-anticipated IPO to raise 93.75 billion rupees ($1.3 billion), India's biggest this year and the first of a series of public listings by tech unicorns. Zomato -- which counts subsidiaries of Uber and Jack Ma's Ant Group among its existing shareholders --…

Tencent and Alibaba may establish connections between some of their services, partially breaking down the walls these companies previously erected around their respective techno-gardens. The move is a consequence of the State Administration for Market Regulation’s crackdown on anticompetitive business practices by tech companies in China, and may significantly reshape…

(Source: Zebra Zhixing) On Wednesday, Zebra Zhixing announced that Alibaba Group, SAIC Group, SDIC and Yunfeng Fund jointly increased their capital by ¥3 billion in Shanghai. Zhang Chunhui, co-CEO of Zebra Zhixing, said that the company would increase investment in the research and development of its operating systems to facilitate…

(Source: The Grey Rhino) China’s two online competitors, Alibaba and Tencent, are gradually considering opening up their services to each other, according to a Wall Street Journal report on Wednesday. Alibaba’s plans to introduce Tencent’s WeChat Pay to its own e-commerce platforms, Taobao and Tmall. In return, Tencent may allow…

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July 13, 2021 In 2007, Alibaba’s Taobao became China’s leading consumer e-commerce marketplace, displacing the once dominant eBay. How did underdog Taobao do it? And will it be able to find a way to monetize its marketplace and ensure future success? Harvard Business School professor Felix Oberholzer-Gee discusses his case,…

July 13, 2021 By CIW Team The number of brands and merchants on the Tmall Global platform as of December 31, 2020, grew over 60% year-over-year, according to Alibaba's announced financial results. Merchants Growth on Tmall Global From 2017 to 2020, the number of online businesses on Tmall global grew…

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Companies including internet giants Alibaba and Tencent were fined Wednesday by anti-monopoly regulators in a new move to tighten control over their fast-developing industries. In 22 cases, companies were fined $75,000 (500,000 yuan) each for actions including acquiring stakes in other companies that might improperly increase their market power, the…