alibaba

Alibaba faces reckoning with once-vaunted ‘new retail’ strategy

In 2017, “new retail” began appearing in Alibaba’s earnings reports. Coined by the Chinese e-commerce behemoth, the term “new retail” refers to the seamless integration o

We should all be paying more attention to the PDD-Alibaba rivalry

Are we entering an era where Temu rules as the undisputed king of e-commerce?

As Temu shakes up global e-commerce, PDD nears overtaking Alibaba

PDD, the firm behind the fast-growing shopping app Temu, is shaking up China’s Big Tech club. On Thursday, news of Alibaba’s market cap sliding under that of PDD made headlines all over th

Ontario Teachers’ fund backs Indian logistics unicorn Xpressbees in $80 million funding

Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, has raised $80 million in a new funding round led by Ontario Teachers’ late-stage venture growth fun

Foreign visitors to China can finally go cashless like locals

Great news for those traveling to China! You can finally enjoy the seamless, cashless payment experience that you may have heard about for years and avoid the awkward interaction of asking your local

China wraps up fintech crackdown with big fines on Tencent, Alibaba

The regulatory crackdown that has shaken up China’s fintech industry since late 2020 appears to be coming to a close with the imposition of hefty fines on the country’s two digital payment

Alibaba CEO Daniel Zhang to pass the torch and focus on cloud

Hours after rumors started circling in China about Alibaba’s chairman and CEO Daniel Zhang possibly stepping down, the e-commerce behemoth confirmed midday on Tuesday that the executive will han

Alibaba to spin off its cloud, AI and business messenger unit

Seven weeks after Alibaba announced its historic restructuring plan to split itself into six independent companies, the juggernaut is gearing up to spin off its cloud intelligence group. Alibaba went

Alibaba’s autonomous driving lab to focus more on monetization

Alibaba founded Damo Academy in 2017 to carve out a program focused on cutting-edge research that is relatively free of short-term money-making pressure. One of the Academy’s 16 labs conducts re

Alibaba Cloud, Avalanche partner to deploy metaverses on the blockchain

The partnership will provide Alibaba’s clients with a launchpad that aims to help businesses launch their own metaverse spaces on Avalanche’s blockchain.

Alibaba unveils ambition for a copilot as China steps up scrutiny over generative AI

Over the last few months, the world’s two biggest economies have been racing to showcase their generative AI capabilities. ChatGPT, Midjourney, the new Bing and others have captivated tens of mi

Alibaba splits into six in biggest overhaul in 24 years

Alibaba never fails to show it’s a fan of restructuring to stay nimble in an ever-changing environment. The e-commerce behemoth said Tuesday that it will split into six business groups, which wi

Alibaba founder Jack Ma returns to China after a year of uncertainty

Jack Ma’s whereabouts are making headlines again, roughly a year after the billionaire founder of Alibaba disappeared from the public eye. Ma had chosen to stay abroad despite China’s effo

Amid ChatGPT frenzy, a hundred followers bloom in China

Technological breakthroughs in the U.S. never fail to inspire challengers, followers and opportunists in China. It’s ChatGPT’s turn to capture the imagination of the world’s largest

‘Most active investor’ FJ Labs closes on $260M across two new funds

Fabrice Grinda says he never intended to run a venture firm. He just really (really) enjoyed angel investing. In fact, by late 2013, when he was on the verge of selling the global classifieds marketpl

Are Arm and Ant Group’s derailed exits back on track?

Once an exit gets off the rails, and under current market conditions, it is just not easy to get back on track.

Alibaba CEO to oversee cloud arm following major server outage

When Alibaba’s former CEO Jack Ma passed the torch to Daniel Zhang, he established a system that regularly rotates executives to ensure the company always stays agile in the fast-changing intern

Aigens scales digital menus in Asia with $14M round led by Ant

Aigens, a Hong Kong-based startup that provides online ordering and marketing tools for the food and beverage industry, picked up a fresh $14 million Series A funding round led by Ant Group, the finte

Quantifying the global e-commerce slowdown

What do recent e-commerce earnings results tell us about the post-pandemic e-commerce reality?

Yahaha raises $40M more for its user-generated, low-code immersive gaming platform

Yahaha, a Helsinki- and Shanghai-based immersive, user-generated, low-code gaming platform founded by a group of Chinese gaming vets, made a splash in January when it announced a cumulative $50 millio
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