Alibaba

Alibaba Group and Dufry AG, a global duty free shop operator, have entered into a collaboration to jointly explore and invest in opportunities in China to develop the travel retail business and to enhance Dufry’s digital transformation. The parties will incorporate a Joint Venture (JV) owned 51% by Alibaba Group…

Logistics company Cainiao’s smart warehouse (Source: Alizila) Cainiao Smart Logistics Network announced a partnership to launch a charter program with Atlas Air Worldwide Holdings, Inc. on Tuesday to enhance its logistics network as cross-border trade between China and Latin America continues to expand. Starting from November, US-based cargo airline Atlas…

The big picture: Alibaba’s share price has climbed by 42 percent this year, bringing its valuation to $800 billion. The growth has boosted investor confidence in the company, which is projected to climb to even greater heights in the mid to long term. With over 750 million users in China,…

Chinese e-commerce giant Alibaba (NYSE: BABA) continues to try and fend off its challenger Pinduoduo (NASDAQ: PDD) at a time when the two companies’ user bases are increasingly overlapping. By the end of June, Alibaba’s annual active consumers on its China retail marketplaces reached 742 million, while Pinduoduo accumulated 683.2…

TLDR: Take an extra 20 percent off these already heavily discounted gadgets as part of the 10.10 Shopping Day deals. If you thought Black Friday was the world’s biggest shopping day, then you’re only focused on North America. Because when you take the entire globe into consideration, the single biggest…

(Source: WeRide) Chinese autonomous driving company WeRide offered hundreds of passengers their first-time robotaxi rides through the WeRide Go App and Alibaba’s Amap within the 144-square-kilometer operating area in Huangpu District in Guangzhou during the 8-day national day holiday.  The company saw 17.9 orders per day for each Robotaxi with…

Chinese travelers overseas prefer to use what they are accustomed to at home, WeChat Pay or Alipay. The U.S. threatens to take actions against Ant’s and Tencent’s payment platform According to media reports, the United States is considering introducing restrictions on the digital payment platforms of China’s Ant Group and…

IT services nonprofit Jisc, which runs the UK's academic network Janet, has awarded framework contracts worth up to £35m to provide remote access to British research and courses, including from China. The deals are designed in part to give overseas students access to UK courses as travel remains severely restricted…

BEIJING — Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy.Benchmarks in Shanghai, Hong Kong, South Korea and Sydney advanced. Tokyo was off 0.1%.Wall Street gained Thursday after President Donald Trump suggested he might be reversing his decision to…

Ant is trying to launch its estimated $35bn initial public offering in Shanghai and Hong Kong before the November 3 US election to avoid potential market volatility.Jack Ma’s Ant Group has a narrow window to make its much-anticipated market debut ahead of U.S. election turbulence. Now its bankers must grapple…