Alibaba

The company will use the new funds to extend its footprint to 10 major markets across Asia Pacific within the next five years.Read More

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There’s no lack of news these days on China’s tech giants teaming up with traditional carmakers. Companies from Alibaba to Huawei are striving to become relevant in the trillion-dollar auto industry, which itself is seeking an electric transition and intelligent upgrade as 5G comes of age. State-owned automaker SAIC Motor,…

China's clouds grew by 65 per cent in 2020's third quarter, collectively hauling in $5bn of revenue in the period. So says analyst firm Canalys, whose best estimates suggest spending grew by $750m compared to 2020's second quarter and $2bn year-on-year. Some of the surge was attributed to "restarting of…

Key Takeaways:Alibaba has created many environmentally-friendly initiatives, including its 2019 Singles’ Day Go-Green campaign that over 200 million people took part in.The COVID-19 pandemic has strengthened the belief that environmental sustainability is now a necessity, and new consumer behaviors reflect this.In a country that used to be a symbol of…

AliExpress is not a major player in India’s fledgling e-commerce market. Photo: Bloomberg The move represents a new wave of sanctions after 20 Indian soldiers died in a border clash with Chinese troops earlier this year ‘The Indian side should immediately correct this discriminatory practice so as to avoid causing…

India banned 43 more Chinese apps on Tuesday including some from e-commerce giant Alibaba, saying they threatened its "sovereignty and integrity" as tensions remain high between the nuclear-armed neighbours following a deadly border clash.New Delhi previously pulled 59 Chinese apps -- including the wildly popular video-sharing platform TikTok -- from…

Over the summer, with the pandemic death toll well on its way to 200,000 and the economy in ruins, WeWork founder Adam Neumann—cut loose from the company the year before with a gargantuan golden parachute—sold a house in Westchester for over $3 million. That property (a sprawling five-bedroom colonial with…

Imagine if Amazon CEO Jeff Bezos, Google supremo Sundar Pichai or Like-seeker-in-chief Mark Zuckerberg gave a major speech that heartily endorsed new government regulations - even though they make business harder - and argued they’re necessary, timely, and just. Take whatever picture just formed in your mind and transpose it…

Development and regulation will always be mutually reinforcing and interdependent, so that enterprises can not only prosper on their own, but also serve the sustainable and healthy growth of the whole society, Alibaba CEO Daniel Zhang Yong told the seventh World Internet Conference (WIC) on Monday. “Amid COVID-19 and the…