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Taobao

Alibaba promotes millennials to key e-commerce leadership roles as it repositions to fend off rivals

by Anas Siddiqui
Alibaba promotes millennials to key e-commerce leadership roles as it repositions to fend off rivals

Alibaba Group Holding is pushing millennials, typically defined as those born in the early 1980s to mid-1990s, to take key roles in the country’s largest online market, as the Hangzhou-based …

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Alibaba injects extra $634 million into Lazada

by Lionel Rogers
Alibaba injects extra 4 million into Lazada

Translated by Nicola Mira Published Dec 18, 2023 Chinese e-commerce giant Alibaba continues to pour money into Lazada. The group has reportedly invested an additional $634 million (€581 million) in …

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Alibaba bolsters sales by 9% in the second quarter

by David Johnson
Alibaba bolsters sales by 9% in the second quarter

Translated by Roberta HERRERA Published Nov 21, 2023 At a time when the Chinese conglomerate has abandoned plans to spin off its Cloud business, Alibaba announced a 9% increase in …

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Chinese New Year 2020: How to Buy Mobiles, Other Gadgets From China and Get Delivered in India

by Maya Ortiz
Chinese New Year 2020: How to Buy Mobiles, Other Gadgets From China and Get Delivered in India

On the occasion of the Chinese New Year 2020 on January 25 i.e., tomorrow, a host of local e-commerce sites will be offering deals and discounts on a wide range …

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China’s Singles Day festival wraps up with e-commerce giants reporting sales growth

by Lionel Rogers
China’s Singles Day festival wraps up with e-commerce giants reporting sales growth

By Reuters Published Nov 13, 2023 China’s largest e-commerce player Alibaba Group said it recorded year-on-year growth over this year’s Singles Day sales period that ended at midnight on Saturday, …

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Alibaba, JD.com withhold Singles’ Day sales tally for second year, but strike positive tone amid economic headwinds in China

by Anas Siddiqui
Alibaba, JD.com withhold Singles’ Day sales tally for second year, but strike positive tone amid economic headwinds in China

Alibaba Group Holding and JD.com said they achieved sales growth during this year’s Singles’ Day shopping festival, but stopped short of disclosing exact revenue numbers for the second straight year, …

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Alibaba banks on aggressive Singles Day pricing to recoup sales mojo

by David Johnson
Alibaba banks on aggressive Singles Day pricing to recoup sales mojo

By Reuters API Published Oct 31, 2023 China’s Alibaba is pressuring merchants to offer rock-bottom prices on its marketplaces in this year’s Singles Day extravaganza, three industry sources said, as …

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Tencent using Hunyuan AI model in 180 services amid competition with local rivals Baidu and Alibaba

by Anas Siddiqui
Tencent using Hunyuan AI model in 180 services amid competition with local rivals Baidu and Alibaba

The Shenzhen-based firm’s Hunyuan large language model (LLM), the technology that underpins OpenAI’s ChatGPT and similar products, is now integrated into more than 180 services, it announced in a post …

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JD.com shares hit record low, banks cut Q3 growth target on retail slowdown

by David Johnson
JD.com shares hit record low, banks cut Q3 growth target on retail slowdown

By Reuters Published Oct 15, 2023 Shares in Chinese e-commerce giant JD.com fell as much as 13% to a record low on Friday after several banks and brokers cut price …

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