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joe tsai

Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

by Anas Siddiqui
Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

By March 2023, Alibaba had lost three quarters of its value from the peak in October 2020, as the e-commerce giant, once seen as China’s answer to Amazon.com, faces questions …

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Jack Ma steps into ‘mistakes’ brouhaha to boost Alibaba’s morale, urges staff to embrace change and prepare for AI to upend e-commerce

by Anas Siddiqui
Jack Ma steps into ‘mistakes’ brouhaha to boost Alibaba’s morale, urges staff to embrace change and prepare for AI to upend e-commerce

Alibaba Group Holding has fundamentally changed its corporate culture to put customers first in its adaptation of technology, its co-founder Jack Ma wrote, as he stepped into a social media …

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Alibaba’s AliExpress pushes ‘10 billion yuan of subsidies’ campaign to entice more Chinese brands and merchants to sell in overseas markets

by Anas Siddiqui
Alibaba’s AliExpress pushes ‘10 billion yuan of subsidies’ campaign to entice more Chinese brands and merchants to sell in overseas markets

The campaign called “10 billion yuan of subsidies” – a typical mainland marketing phrase used to tout large online allotments – will be given to an initial batch of 1,000 …

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Alibaba Cloud cuts prices again, this time for international customers as AI generates surging demand

by Anas Siddiqui
Alibaba Cloud cuts prices again, this time for international customers as AI generates surging demand

Alibaba Group Holding’s cloud computing unit has slashed prices for international customers by up to 59 per cent, as the tech giant fights to woo users amid a global race …

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Chinese firms lag behind US peers in AI development ‘by two years’, Alibaba chairman Joe Tsai says

by Anas Siddiqui
Chinese firms lag behind US peers in AI development ‘by two years’, Alibaba chairman Joe Tsai says

“China is somewhat behind, obviously,” Tsai said, citing how ChatGPT creator OpenAI has leapfrogged the rest of the tech industry in AI innovation, in a podcast interview published on Wednesday …

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Alibaba Group steps up stock buy-back in Hong Kong, New York as e-commerce rivalry, earnings outlook worry investors

by Anas Siddiqui
Alibaba Group steps up stock buy-back in Hong Kong, New York as e-commerce rivalry, earnings outlook worry investors

Alibaba Group Holding, China’s biggest e-commerce platform operator, said it bought back US$4.8 billion worth of its own shares in Hong Kong and New York last quarter, marking the most …

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Alibaba’s logistics unit Cainiao to double year-end bonus for employees, in morale-boosting move after scrapped IPO

by Anas Siddiqui
Alibaba’s logistics unit Cainiao to double year-end bonus for employees, in morale-boosting move after scrapped IPO

Hangzhou-based Cainiao will launch an “entrepreneurship incentive plan” that will double the bonus pool allocated for the financial year ending March 31, 2025, according to company chief executive Wan Lin …

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Alibaba’s cloud computing unit cuts prices on 100 core products in China to capture more users involved in AI development projects

by Anas Siddiqui
Alibaba’s cloud computing unit cuts prices on 100 core products in China to capture more users involved in AI development projects

Alibaba Group Holding’s cloud computing unit has cut prices by up to 55 per cent on more than 100 core products – the largest discount offering in the company’s history …

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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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Macau poised to drive development of Greater Bay Area’s sports industry, summit hears

by Anas Siddiqui
Macau poised to drive development of Greater Bay Area’s sports industry, summit hears

Macau is setting the stage to become a key driver of the Greater Bay Area’s sports sector, as the city looks to tap its tourism strengths and expand its economy …

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