alibaba
- Oct- 2021 -6 OctoberNews
Deeproute.ai gets $200M investment from Alibaba
Deeproute.ai is a Chinese self-driving car startup. It recently announced that it had raised more than $300 million in a Series B led by Alibaba. The investment is perhaps Alibaba’s most significant move in autonomous driving. Deeproute.ai develops software for…
- Jul- 2021 -24 JulyNews
Alibaba vs Meituan, and More: SHORT SHOTS
Welcome to today’s short shot discussing Alibaba vs Meituan and much more. Here we take a glimpse at what went on with the startups to make the headlines in a single article piece. Alibaba vs Meituan: Alibaba gets competitive E-commerce…
- 22 JulyNews
Housekeeping service app Daojia files for US IPO
Daojia files for the US IPO in New York recently. It is a Chinese platform offering on-demand housekeeping services. In Chinese, Daojia means coming to homes. Alibaba is the backer of the company and the owner is 58.com. 58.com is China’s…
- Jun- 2021 -16 JuneNews
Short Shots – JD revenue grows 39%, Alibaba-backed new retail eyes IPO
While JD.com grows in the Q1 of 2021, showing great revenue, an Alibaba backed new retail, Huitongda, eyes for Hong Kong IPO for $1 billion.
- 6 JuneNews
Alibaba Cloud Prepares for future with RISC – V
Alibaba Cloud prepares Apsara Operating System compatible with other architectures using RISC -V. This may mean future chip independence.
- May- 2021 -31 MayNews
JD Logistics IPO, Tencent, and Alibaba new offerings
On one hand, the pandemic has boosted grocery e-commerce. On the other, it has put a damper on Chinese retail. Its recovery is slower than expected. For instance, retail sales increased by 17.7%, instead of the projected 25%. The reason…
- 25 MayNews
Alibaba leads $400m bet on Vietnam’s fast-growing retail market
China’s technology group Alibaba is leading a $ 400 million investment in the retail sector of Vietnam’s conglomerate Masan. Alibaba’s bet is on strong growth in consumer spending in a Covid-19 success story that was Vietnam. More about the Masan-Alibaba deal…
- 19 MayNews
TikTok moves off Alibaba Cloud
According to the Chinese financial media , Chinese internet giant ByteDance has decided to stop hosting TikTok and other overseas apps on Alibaba Cloud. This decision by ByteDance is a blow to the e-commerce giant’s cloud-computing branch. The revenue growth rate…
- Apr- 2021 -21 AprilNews
Alibaba fined, delivery service price dumping
China’s top antitrust regulator, the State Administration for Market Regulation (SAMR), has fined the e-commerce giant Alibaba RMB 18.2 billion ($2.8 billion) on Saturday for “forced exclusivity.” Forced exclusivity is a practice where platforms force merchants to use only one…
- Mar- 2021 -31 MarchNews
Ant Group CEO Simon Hu resigns due to personal reasons
As Ant Group Co. founded by billionaire Jack Ma, grapples with Chinese government demands to overhaul its business, Simon Hu has unexpectedly resigned as CEO, adding fresh turmoil to the financial technology giant. Who will be the new leader? A…
- 10 MarchNews
Jack Ma Alibaba Founder loses China’s Richest Person title
After coming under a regulatory scrutiny, the embattled co-founder of Alibaba group holding Ltd, Jack Ma, has lost his title as China’s richest person to Bottled-water tycoon Zhong Shanshan, according to the annual list of China’s wealthy. What went on…
