Alibaba groceries arm Freshippo CEO to retire, to be replaced by CFO
FRESHIPPO, the groceries arm of e-commerce giant Alibaba Group, has told its staff that its CEO Hou Yi will step down and...
AliExpress targeted in EU probe over possibly illegal online products
ALIBABA’S AliExpress could face a hefty fine after the European Commission on Thursday (Mar 14) launched an investigation into dissemination of potentially...
China conglomerates speed up asset sales to beat credit squeeze
IT WAS not so long ago that Chinese companies – state-owned and private – had a reputation for snapping up all sorts...
Alibaba plans to invest US$1.1 billion in South Korea: Yonhap
ALIBABA Group plans to invest US$1.1 billion in South Korea over the next three years to build a logistics centre and expand...
Alibaba overhauls incentives to entice staff as stock languishes
ALIBABA Group Holding will roll out a new employee incentive plan starting April that combines equity with cash, a significant adjustment designed...
South Korea probes data protection by e-commerce platforms like AliExpress, Temu
SOUTH Korea’s personal data protection watchdog said on Thursday (Mar 7) it is looking into consumer data practices of major overseas shopping...
Alibaba backs US$2.5 billion AI startup in second major 2024 deal
ALIBABA Group Holding is leading a financing round of at least US$600 million for Chinese AI startup MiniMax, spearheading its second major...
Alibaba unveils big cloud price cuts as AI rivalry deepens
ALIBABA Group Holding is rolling out its second major price cut for cloud services in years, aiming to win back users from...
Alibaba's South Asian e-commerce giant Daraz announces layoffs in memo
ALIBABA-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting chief executive...
Alibaba leads record deal to create US$2.5 billion China AI firm
ALIBABA Group Holding led the largest single financing round for a Chinese artificial intelligence (AI) startup, the latest in a string of...