Alibaba

Alibaba earnings per share in the quarter ending in June beat expectations while revenue missed estimates. The company reported 34% yearly revenue growth, slowing from last quarter’s 64%, in a quarterly report released on Tuesday. In a Tuesday earnings call, Alibaba said “new rules and regulations” could reduce the growth of…

Alibaba generated RMB 205.7 billion (USD 31.8 billion) in total revenues for the quarter ending in June, up 34% year-on-year but falling short of market expectations of RMB 251 billion (38.8 billion), the company said in an earnings release on Tuesday. After being slammed with a USD 2.8 billion fine…

Nigerian comedian, Alibaba has urged people to stop keeping clothes for special occasions.According to him, people should be free to wear whatever they want every day because they might end up not wearing the clothes they are keeping because being alive nowadays is an actual blessing. He made this known…

It began with a record crash in Chinese stocks on Wall Street and only got crazier from there. The nearly $1 trillion selloff ignited by Beijing’s shock ban on profits at tutoring companies has triggered a new round of soul searching about the investment case for Chinese assets in the…

Cloudtogo, a startup providing cloud computer and storage solutions to businesses, secured Series B financing from Alibaba Cloud. Founded in 2016, the company’s main product is its CloudOS platform, which gives its medium and large enterprise clients access to a host of cloud-native tools to empower corporate developers. Cloudtogo’s founder…

(china org) With fast-paced, mind-blowing plots and visual spectacles, the new animated feature drawn from one of China's most iconic while traditional mythological legends provides a new representation of how modern independent women define their destiny. As the most anticipated animated movie this summer, "White Snake 2: The Tribulation of Green Snake",…

DeFi Alibaba-Owned Newspaper Creating NFTs Called ARTIFACT to Archive News; Tencent Sets Up Blockchain HQ AnTyJuly 19, 2021SCMP also aims to create a DAO and develop its marketplace platform in the last phase of the roadmap, according to their litepaper. China’s tech giant Tencent is planning to set up a…

Punishments for Didi may be harsher than previous sanctions against Alibaba, which included a US$2.8 billion fine, Bloomberg reported.Read More

China’s internet regulator, the Cyberspace Administration of China (CAC), fined Kuaishou, Tencent’s messaging app QQ, Alibaba’s Taobao, and Weibo for spreading illegal child content, including promoting extravagance, pornographic and violent content. The regulators asked the companies to “rectify” and “clean up” inappropriate child-related content by a specific deadline without providing…

Chinese Internet regulators slapped fines on technology firms including Tencent Holdings Ltd and Alibaba Group Holding Ltd for spreading sexually suggestive content involving children. Kuaishou Technology, Tencent’s QQ, Alibaba’s Taobao, Weibo Corp and Little Red Book were ordered to remove the offending accounts and pay an unspecified amount in fines,…