Alibaba Responds to Selling Bilibili ADR: Based on Capital Management Goals
Alibaba responds to the news of selling Bilibili ADR: Based on Alibaba's own capital management goals, it does not affect the business cooperation between both parties.
Tag: #Alibaba
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Chinese Capital Mergers with US Companies Fall 80%, Ant Financial Halts MoneyGram Acquisition
MoneyGram International and Ant Financial announced they had formally terminated their planned merger on January 3. Ant Financial will pay MoneyGram $30 million...
Luxury Jeweller Tiffany & Co. Joins Alibaba's Tmall Luxury Pavilion
Alibaba Group, the Chinese e-commerce giant, announced on August 16 the addition of luxury jeweler Tiffany & Co. to its Luxury Pavilion on the Tmall shoppin...
Renault Teams Up with Alibaba to Sell Cars on Tmall
In 2018, car manufacturer Renault celebrated its 120th birthday. On March 7, Dongfeng Renault held its “Brand Night” in Shanghai and released its “Mid-term Busi...
Vietnamese E-Commerce Platform Tiki.vn Received $44M from JD.com
Vietnamese e-commerce platform Tiki.vn recently announced it received $44 million in financing from JD.com. Tiki.vn said it would use the new financing to train...
11/23/20172 min read
Ant Group Announces Organizational Restructuring; Cyril Han Appointed as President
Cyril Han will become the President of Ant Group, fully responsible for digital payment, digital interconnection, and digital finance businesses, reporting to Chairman and CEO Jing Xiandong.
2018 China's Top 10 Global Tech Companies by Pandaily
2018 has been a turbulent year for tech companies across China. The trade war tension between the US and China has been unsettling for their businesses and long time American trade partners.
Alibaba’s Cainiao Launches Airline between Singapore and Hainan to Meet Growing Chinese Demand for Luxury Goods
Alibaba’s logistics arm Cainiao started running daily freight flights between Singapore and China’s Hainan Island on Sunday to transport duty-free beauty products.
Alibaba led $300 million Series D in Xiaohongshu, China's trendy lifestyle shopping app
Xiaohongshu, translated into “Red” or “Little Red Book”, a shopping tip app gaining large popularity among Chinese millennials, just closed its $300 million Ser...
6/1/20184 min read
China’s Nationwide Quarantine Is a Win for Productivity Apps and a Fiasco for Co-working Spaces
The recent coronavirus outbreak dramatically increased the penetration of productivity apps on the Chinese market, which in turn will likely accelerate the digitization of local enterprises.
CEO Jiang Fan Outlines Future Strategies as Alibaba International Exhibits Steady Growth Driven by AliExpress in December Quarter, 2023
On Feburary 7, Alibaba released its financial results for the quarter concluding on December 31, 2023. Alibaba's International Digital Commerce Group (AIDC) largely surpassed expectations, delivering an impressive performance with a 44% year-on-year increase in revenue, and an overall orders growing by 24% year-on-year.
2/13/20245 min read
Xiaomi’s Approach to Earthquake Alerts Hits The Nail Right on the Head
The current level of technological development surely allows for more creative ways of dealing with natural disasters than simply sending tents and canned food to those who managed to survive the cataclysm.