Alibaba

China is in an imported-fresh-fruit frenzy that has caught the attention of its ecommerce players. Plus, a Vietnamese audio and podcast startup has stopped operations.Read More

(THR) As North America's box office crumples, China's theatrical film business is back in an enormous way.A collection of high-profile local films released in China over the past week to coincide with the country's National Day and Mid-Autumn Festival holiday period, which lasts eight days. Jackie Chan's latest action flick, Vanguard…

The two entities also formed a joint venture to develop and invest in China's travel retail segment.Read More

CIW / Technology / Mobile reach in 2020: Tencent, Alibaba, Baidu, ByteDanceSeptember 14, 2020 By CIW TeamTencent has the highest reach of 98.7% of China mobile internet users in June 2020. Alibaba and Baidu reach 97.6% and 91.2% mobile internet users respectively while ByteDance follows closely with 66.7% reach.Tencent, Alibaba,…

The Q2 2020 worldwide cloud infrastructure services market continued to surge, as spending grew 31% to US$34.6 billion, according to Canalys.Overall, total expenditure was over US$3.5 billion higher than the previous quarter and US$8 billion more compared with Q2 2019 according to Canalys data. But growth rates continued to be…

China’s leading water bottler has a blistering stockmarket debut“WE ARE NOT manufacturers of water. We are porters of nature.” So goes a famous quip by Zhong Shanshan, the 66-year-old founder and boss of Nongfu Spring, China’s most popular brand of bottled water. On September 8th the Hangzhou-based bottler listed on…

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An Indian court has summoned Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps, documents seen by Reuters showed.The case comes weeks after India…

Ant Financial Services Group, the fintech subsidiary of Jack Ma’s Alibaba Group, is set for an Initial Public Offering (IPO) on both the Hong Kong Stock Exchange and Shanghai Stock Exchange’s STAR board. The details Announcing the development early Monday morning through a press statement that was published on its…

New York City has the largest billionaire population of any city in the world. Lucas Jackson/Reuters Nearly a third of the world's billionaire population is concentrated in just 15 cities, according to Wealth-X's recently released annual Billionaire Census.Strong tech industries have fostered considerable wealth in several cities across the world,…