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Alibaba

A CBDC trial in Hong Kong could finally enable blockchain to digitise shipping, with help from Ant Group

by Anas Siddiqui
A CBDC trial in Hong Kong could finally enable blockchain to digitise shipping, with help from Ant Group

“I think right now in the world, there’s probably only two locations where the regulators somewhat have a plan or vision of how to do this right,” Chen said. “And …

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Alibaba’s Damo Academy plans to launch latest version of its XuanTie RISC-V processor this year

by Anas Siddiqui
Alibaba’s Damo Academy plans to launch latest version of its XuanTie RISC-V processor this year

Damo Academy, Alibaba Group Holding’s research arm, expects to launch the next-generation of its XuanTie series of RISC-V processors – the C930 – this year, in the latest effort to …

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Alibaba to invest US$1.1 billion in South Korea as international operations outperform domestic market

by Anas Siddiqui
Alibaba to invest US.1 billion in South Korea as international operations outperform domestic market

E-commerce giant Alibaba Group Holding plans to invest US$1.1 billion in South Korea over the next three years, according to a local media report, amid a probe by regulators into …

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Hangzhou, home to Alibaba and Geely, turns market-friendly by scrapping more barriers to revive home sales

by Anas Siddiqui
Hangzhou, home to Alibaba and Geely, turns market-friendly by scrapping more barriers to revive home sales

The local government in Hangzhou, the capital of eastern Zhejiang province, has taken another drastic move to ease home-purchase restrictions in the city, after an effort last year failed to …

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Bilibili targeting more collaboration with e-commerce advertisers to drive growth at video-sharing platform

by Anas Siddiqui
Bilibili targeting more collaboration with e-commerce advertisers to drive growth at video-sharing platform

China’s video-sharing platform Bilibili has added cross-platform links to Alibaba Group Holding’s online shopping platform Taobao in the latest attempt to pull in more revenue from its 100 million daily …

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Shein to face tough EU online content rules as users in region soar

by Lionel Rogers
Shein to face tough EU online content rules as users in region soar

By Reuters Published Mar 10, 2024 Chinese-founded fast-fashion company Shein is set to face stricter EU online content rules after reporting a huge number of users, joining a group of …

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Alibaba pushes AI tools to merchants wanting to tap overseas markets, as competition with Temu and Shein heats up

by Anas Siddiqui
Alibaba pushes AI tools to merchants wanting to tap overseas markets, as competition with Temu and Shein heats up

Alibaba International has launched a new campaign to promote its artificial intelligence (AI) tools aimed at helping merchants to tap overseas markets on Alibaba.com, in the latest push to expand …

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Alibaba veteran to step down at Local Services Group as e-commerce giant proceeds with sweeping restructuring

by Anas Siddiqui
Alibaba veteran to step down at Local Services Group as e-commerce giant proceeds with sweeping restructuring

The head of Alibaba Group Holding’s Local Services Group (LSG), one of the e-commerce giant’s six business units, is stepping down amid an ongoing restructuring process. Yu Yongfu, who was …

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Alibaba chairman Joe Tsai says e-commerce giant he co-founded is set to bounce back in CNBC interview

by Anas Siddiqui
Alibaba chairman Joe Tsai says e-commerce giant he co-founded is set to bounce back in CNBC interview

Alibaba Group Holding is set for a comeback after several years of rising competition and macroeconomic pressures, according to the company’s co-founder and chairman Joe Tsai, who is backing the …

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Shein, Temu and other e-commerce retailers are upending global air cargo industry

by Anas Siddiqui
Shein, Temu and other e-commerce retailers are upending global air cargo industry

The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers …

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