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Alibaba Group is readying a $7 billion boost for its delivery and shopping platforms amid stiff competition in China. The tech giant said Wednesday that it will offer 50 billion yuan, or about $6. ...
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Alibaba’s Sluggish Growth in China Commerce Drags Down Results - MSNAlibaba’s shares fell as much as 3.7% in New York trading. The company is reporting hours after the latest Chinese economic data showed encouraging signs for the world’s second largest economy.
Chinese tech giant Alibaba Group is seeking to raise around HK$12 billion ($1.53 billion) through exchangeable bonds to boost investments in its cloud infrastructure and global commerce operations, ...
Its chief, Jiang Fan, a former head of Tmall demoted in 2020 after an online scandal, has been tapped to lead the new unit, reporting to Alibaba Group Chief Executive Eddie Wu.
Alibaba 9988 -1.91% Group is folding its food-delivery and online-travel services into its core e-commerce unit, streamlining operations in the face of ever fiercer competition.
Alibaba Group announced a major restructuring of its e-commerce business on Thursday, consolidating its domestic and international operations into a single e-commerce division. CEO Eddie Wu, in an ...
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Alibaba sets up new ‘digital technology’ firm under e-commerce unit ...Alibaba Group Holding has set up a new “digital technology” company under its main e-commerce unit, Taobao and Tmall Group (TTG), with a registered capital base of 10 million yuan (US$1.4 ...
Alibaba expects its international e-commerce unit to turn profitable next fiscal year and plans to spend more on Cloud and AI over the next three years than in the past decade.
Alibaba Group (BABA) announced on Thursday that it is merging its domestic and international e-commerce platforms into a unified business unit. The Chinese e-commerce major announced the creation ...
SingPost is seeking to boost its e-commerce business to offset weak postal revenues, and last year an Alibaba unit bought an over 10 percent stake in SingPost for $249 million.
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