Alibaba

On July 7, Alibaba’s “new retail” initiative, Hema, launched a local grocery pick-up business called Hema Neighborhood. Hema has struggled to establish new avenues for growth beyond its core supermarket operations, with Hema Neighborhood being the ninth retail initiative since the company was founded in 2015. Other than its Hema…

Alibaba’s e-commerce platform Taobao is unveiling its self-proclaimed “socialist cyberpunk” housing digital collection as nonfungible tokens (NFTs) in a first-time event showcasing NFTs at the Taobao Maker Festival, which concludes on July 25. Huang Heshan, a Chinese digital artist and creator of the “Bu Tu Backyard”, is a star of…

NFT artworks depicting “socialist cyberpunk” housing are being showcased at the Taobao Maker Festival in Shanghai. 3977 Total views 8 Total shares This year’s Taobao Maker Festival — an annual event celebrating Chinese art and entrepreneurship hosted by the Alibaba-owned e-commerce platform Taobao — will showcase nonfungible tokens (NFTs) for…

Chelsea plan to hijack Man Utd's Varane dealManchester United's deal for Raphael Varane could be under threat, with the Star reporting that Chelsea are planning to launch a late bid for the French defender. Varane's move to Old Trafford had been all-but confirmed in Friday's papers, but now the Red…

A major e-commerce platform in China has included non-fungible tokens (NFTs) for sale at its annual festival. Taobao has held its Maker Festival since 2016. And this year, the festival has welcomed a series of NFTs from artist Huang He Shan, who worked with blockchain gaming company Web3Games and decentralized…

Chinese short video app Douyin is testing a new food delivery feature, Chinese media Tech Planet reported Thursday. Douyin’s parent company ByteDance is heading to a crowded sector dominated by local services app Meituan and Alibaba’s Eleme. Douyin is testing the service, called Xindong Waimai, and has yet to release it…

Tencent, Alibaba to build ecosystem connectivity, and Chinese Internet may usher in new opportunities It’s reported that Tencent and Alibaba will soon open their ecosystems. Alibaba will allow access to WeChat Pay in the e-commerce field, and Tencent will allow Alibaba to develop e-commerce services in WeChat ecosystem. This news…

Alibaba-backed mapping app AutoNavi is evolving into an “open service platform” to integrate a range of dining, entertainment, and lifestyle services, chairman Yu Yongfu said at a press conference in Beijing on Thursday. China’s most popular map app, with more than 47 million monthly active users as of November 2020,…

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 --…