
Daniel Zhang May Focus on Cloud and Step Down as CEO of Alibaba
It is speculated that Daniel Zhang, the highest-ranking executive, may shift his focus to the development of Alibaba Cloud and step down as Chairman and CEO of the group.
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It is speculated that Daniel Zhang, the highest-ranking executive, may shift his focus to the development of Alibaba Cloud and step down as Chairman and CEO of the group.

Chinese venture capital firm Lightspeed China Partners announced on July 12 that it has raised more than $7 billion in new funding.

Shanghai-based logistics company, WorldEx Group, announced the completion of a financing round worth several hundred million yuan, of which the Pre-A round was led by Huagai Capital.
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As the outbreak of the Wuhan coronavirus becomes an international crisis, the Chinese tech industry is forced to get creative in finding solutions to avoid direct human interactions.

The Chinese government announced last Thursday that it will be ramping up efforts to promote the research and development (R&D) of blockchain technology.

The “Internet plus” era calls for intelligent management of e-commerce and rapid acceleration of e-commerce development. Yizhuang, Beijing has built China's fir...

On September 25th, the Shenzhen City Procuratorate arrested two suspects—Yang and Wu—on the suspicion of using third-party software to modify personal accounts ...

The second board meeting of the General Association of Zhejiang Entrepreneurs ended on December 7. At this time, Alibaba founder Jack Ma stepped down as president of the organization, although he will continue to serve as a consultant.

Beijing-based tech firm Xiaomi announced it will rename its sports app to "Zepp Life."

Ganfeng Lithium announced on July 3 that the company had received a Notice of Case Filing from the China Securities Regulatory Commission (CSRC) for suspected insider trading of an A-share listed company's shares in the secondary market.

With Hainan being a popular tourist destination in China, many domestic tourist platforms showed that orders of air tickets and hotels soared after the province adjusted its pandemic prevention and control measures.

The mapping division of Chinese internet giant Baidu has been merged into the Intelligent Driving Group (IDG), instead of being overseen by Baidu's CTO Wang Haifeng.