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Alibaba

(阿里巴巴集团)

Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

The merger of Alibaba’s domestic and overseas e-commerce businesses is expected to improve the firm’s operational and financial performance.

22 Nov 2024 - 8:33PM

SCMP Highlights

Recap | China’s tech giants defy economic woes: 6 latest earnings reports

22 Nov 2024 - 5:48PM

Artificial intelligence

China creates new AI advisory body, with Alibaba Cloud founder as chief expert

22 Nov 2024 - 7:00AM

E-commerce

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD’s results, including a 66 per cent jump in net revenue, outperformed rivals, but it did not allay investor concerns amid e-commerce competition.

21 Nov 2024 - 10:39PM

E-commerce

Alibaba merges domestic, global e-commerce units amid intensifying competition

The new group brings together Taobao and Tmall Group, Alibaba International and a slew of other e-commerce operations.

21 Nov 2024 - 8:55PM

SCMP Highlights

Recap | Shanghai court says crypto ownership legal, Hong Kong food-delivery drones: 5 tech stories

Explore China’s tech landscape, from crypto ownership to AI-driven stock investments, in our latest stories from the world of technological innovation.

21 Nov 2024 - 12:19PM

AI: Companies

Alibaba CEO highlights AI advancement at China’s internet forum

The agenda at this year’s Wuzhen summit focuses heavily on AI, as China’s tech rivalry with the US grows.

21 Nov 2024 - 6:52PM

Eddie Wu Yongming, CEO of Alibaba Group Holding, speaks at the 2024 World Internet Conference in Wuzhen, China, on Wednesday. Photo: EPA-EFE

E-commerce

Alibaba pulls in US$5 billion from dual-currency bond offering

The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.

20 Nov 2024 - 10:38PM

Artificial intelligence

Chinese AR start-up Rokid puts Alibaba AI in smart glasses to take on Meta

Rokid’s US$345 smart glasses are the latest from China to adopt generative AI to capitalise on the burgeoning product category.

19 Nov 2024 - 9:00PM

Hong Kong Monetary Authority (HKMA)

Alibaba’s Connect link shows Hong Kong’s strength, access to mainland funds

Mainland investors have amassed 4 per cent of Alibaba’s public float and contributed 15 per cent to its trading volume through the Stock Connect scheme.

20 Nov 2024 - 5:25PMvideocam

Joe Tsai (right), chairman of Alibaba Group, and Victor Fung, chairman of Fung Group, discuss global issues at the Global Financial Leaders’ Investment Summit on November 19. Photo: Dickson Lee

Banking & finance

Alibaba to sell bonds to repay debt, fund buy-back amid low rates

The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.

18 Nov 2024 - 4:00PM

Alibaba plans to issue new bonds to fund its share repurchases and repay debt. Photo: Shutterstock

E-commerce

Southeast Asia is the new Singles’ Day battleground as lustre fades in China

Promotions from Chinese e-commerce platforms are infiltrating people’s lives across the region, where e-commerce is seeing explosive growth.

18 Nov 2024 - 12:13PM

E-commerce

Alibaba’s quarterly profit surges 58% on strong cloud, e-commerce growth

Net income surged 58 per cent to US$6 billion in the three months that ended in September, beating analysts’ estimates.

16 Nov 2024 - 4:36PM

China technology

Alibaba’s workplace messaging tool DingTalk aims to break even in 2025

DingTalk was once a unit under Alibaba Cloud, but became a separate business last August amid the firm’s largest-ever corporate restructuring.

15 Nov 2024 - 7:00AM

The headquarters of DingTalk is pictured on March 10, 2022 in Hangzhou, Zhejiang province, China. Photo: VCG via Getty Images

E-commerce

Alibaba, JD.com claim big win in Singles’ Day sales as consumption picks up pace

The two e-commerce giants reported a large number of active buyers in this year’s edition of the world’s largest annual shopping festival.

13 Nov 2024 - 12:58AM

Women walk inside a fashion accessories store displaying Singles’ Day discounts at a Beijing shopping centre on November 11, 2024. Photo: AP

US-China tech war

China’s tech firms fear bigger curbs as TSMC stops AI chip supply

A wider shipment ban on TSMC-made chips could affect a range of mainland businesses from electric vehicles to smartphones.

12 Nov 2024 - 9:29PM

E-commerce

Alibaba arms merchants with AI assistant to streamline cross-border sourcing

The Accio AI assistant is based on decades of accumulated knowledge in B2B fulfilment, logistics, after-sales support and product listings.

12 Nov 2024 - 6:30PM

Ant Group

Ant-backed credit rating firm gets central bank approval after 3-year wait

The joint venture, 35 per cent owned by Ant Group, had a prolonged wait after previously licenced firms were approved within weeks of applying.

12 Nov 2024 - 5:30PM

The headquarters of Ant Group in Hangzhou on November 3, 2020. Photo: Shutterstock

E-commerce

Alibaba sees Singles’ Day campaign pay off with strong sales in major categories

The top-performing product categories for Alibaba’s Singles’ Day campaign were home appliances, consumer electronics, beauty and apparel.

12 Nov 2024 - 1:37AM

E-commerce

Alibaba gives sellers a sweeter deal as Singles’ Day switch-up bears fruit

China’s largest e-commerce firm was slipping in the war for consumers’ wallets. Then it reshaped its relationship with merchants.

9 Nov 2024 - 2:17PM

Ant Group

Ant International drives AI in cross-border payments to boost global expansion

The firm’s AI model predicts currency exchange rates on an hourly basis, helping businesses reduce transaction costs.

7 Nov 2024 - 10:58PM

Ant International’s new AI model for cross-border transactions is expected to strengthen global trade and commerce. Photo: Shutterstock

Artificial intelligence

Urgency of AI development at Meituan underscored as co-founder returns

After selling his AI start-up Light Year to Meituan last year, Wang has reportedly returned to lead the company’s AI efforts.

7 Nov 2024 - 10:33PM

Meituan co-founder Wang Huiwen. Photo: Handout

E-commerce

Southeast Asia’s e-commerce gold rush draws Chinese giants

The region’s e-commerce market is set to double by 2030, a new report finds.

7 Nov 2024 - 6:00PM

Retailing

Bulgari banks on Chinese consumers to fuel luxury growth as economy improves

The Italian fashion brand in the LVMH stable bets on a recovery in the next two years with a plan to open more mainland stores.

7 Nov 2024 - 2:19PMvideocam

China technology

‘China’s Instagram’ completes largest data migration ever to Alibaba Cloud

The popular lifestyle social platform Xiaohongshu spent a full year moving 500 petabytes of data to China’s largest cloud provider.

7 Nov 2024 - 12:26PM

Visitors line up near the booth for Xiaohongshu at the China International Import Expo (CIIE) in Shanghai on November 6. Photo: Reuters

Artificial intelligence

Chinese unicorn Zhipu AI raises US$210 million to invest in start-ups

The Z Fund says it aims to take advantage of its parent’s leading position in China’s AI sector to discover promising early-stage start-ups.

6 Nov 2024 - 6:00PM

The Zhipu AI booth at an industry conference in Shanghai. Photo: Handout

Artificial intelligence

Chinese AI firms are splurging on ads to stand out in crowded market: report

Tech giants such as Alibaba and ByteDance along with start-ups spent US$70.2 million in the third quarter to promote generative AI products, report finds.

5 Nov 2024 - 9:00AMvideocam

Artificial intelligence

Chinese AI unicorn Zhipu adds Beijing, Shenzhen government funds as shareholders

The latest funding reflects how Chinese AI-related enterprises continue to attract new investment, despite US tech restrictions.

4 Nov 2024 - 9:00PM

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Alibaba

阿里巴巴集团

Alibaba is China's largest e-commerce company, with holdings in a wide portfolio of businesses from logistics, cloud services and finance to media. The company provides business-to-business, business-to-consumer and other services through platforms including Alibaba.com, Tmall, and Taobao. Alibaba is the owner of the South China Morning Post. It was co-founded by Jack Ma, who retired as chairman in 2019 but is still a major shareholder.

Chairman / President

Joe C. Tsai