https://www.scmp.com/rss/522484/feed The latest news and top stories on Jiang Fan, a prominent executive at Alibaba Group Holding. He currently serves as CEO of Alibaba International Digital Commerce Group (AIDC) and leads the newly formed Alibaba E-commerce Business Group, consolidating domestic and international operations. With a background in product development at Google China and founding mobile analytics firm Umeng, he joined Alibaba in 2013. He previously headed Taobao and Tmall, driving significant growth. His leadership... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Wency Chen Wency Chen Alibaba Group Holding on Thursday said it aimed to generate US$100 billion in annual external revenue from its combined cloud and AI businesses within five years after disclosing for the first time the production progress of its T-Head chip unit, even as it missed its quarterly earnings estimates. “Over the past three months, token consumption on the Model Studio platform has grown by six times,” said CEO Eddie Wu Yongming on the earnings call, adding that model-as-a-service offerings would... https://www.scmp.com/tech/article/3347177/alibaba-discloses-gpu-production-first-time-quarterly-profit-misses-estimates?utm_source=rss_feed https://www.scmp.com/tech/article/3347177/alibaba-discloses-gpu-production-first-time-quarterly-profit-misses-estimates?utm_source=rss_feed Thu, 19 Mar 2026 10:39:03 +0000 Iris Deng,Wency Chen Iris Deng,Wency Chen Tencent Holdings and Alibaba Group Holding are set to report quarterly earnings this week, against a backdrop of an artificial intelligence boom that is reshaping the global economy and fuelling a frenzy in China around open-source AI agents such as OpenClaw. The South China Morning Post examines market expectations for their results and the key themes investors will be watching. What are the expectations for top line and bottom line performances? Shenzhen-based Tencent, operator of China’s... https://www.scmp.com/tech/article/3346920/tencent-and-alibaba-quarterly-earnings-preview-key-things-watch?utm_source=rss_feed https://www.scmp.com/tech/article/3346920/tencent-and-alibaba-quarterly-earnings-preview-key-things-watch?utm_source=rss_feed Wed, 18 Mar 2026 01:00:15 +0000 Coco Feng Coco Feng Chinese billionaire Jack Ma and the core leadership of Alibaba Group Holding and Ant Group spent over an hour with teachers in Hangzhou on Tuesday, discussing the profound challenges and opportunities brought about by artificial intelligence. Ma told the group that the impact of AI was “immense”, but so were the “opportunities” and that teenagers held the greatest hope and opportunity for adapting to and enabling transformation in the AI era, according to a statement issued by Hangzhou Yungu... https://www.scmp.com/tech/article/3345343/jack-ma-alibaba-executives-meet-teachers-discuss-how-education-should-adapt-ai-era?utm_source=rss_feed https://www.scmp.com/tech/article/3345343/jack-ma-alibaba-executives-meet-teachers-discuss-how-education-should-adapt-ai-era?utm_source=rss_feed Wed, 04 Mar 2026 03:37:00 +0000 Wency Chen,Ann Cao Wency Chen,Ann Cao China’s food-delivery giant Meituan swung to a deep quarterly loss, as a costly battle with Alibaba Group Holding’s instant commerce business eroded margins and kept revenue growth modest. The Beijing-based company on Friday reported revenue of 95.5 billion yuan (US$13.3 billion) for the three months to September, up 2 per cent year on year, missing analysts' estimates of 97.5 billion yuan. However, it booked an operating loss of 19.8 billion yuan, compared with a 13.7 billion yuan operating... https://www.scmp.com/business/china-business/article/3334568/meituan-slides-loss-milk-tea-subsidy-war-instant-commerce-rival-alibaba?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3334568/meituan-slides-loss-milk-tea-subsidy-war-instant-commerce-rival-alibaba?utm_source=rss_feed Fri, 28 Nov 2025 13:36:44 +0000 Ann Cao Ann Cao Alibaba Group Holding is seeing solid early results from its push into “instant commerce”, a shopping model the Chinese technology giant hopes will drive sales growth amid sluggish consumer spending and intensifying e-commerce competition. According to the latest company data, Taobao Shangou – Alibaba’s “instant buy and instant delivery” service – generated more than 100 million orders from new users brought to the Taobao app during the first three weeks of the Singles’ Day shopping festival as... https://www.scmp.com/tech/big-tech/article/3331778/alibabas-instant-commerce-bet-pays-taobao-attracts-over-100-million-new-non-food-orders?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3331778/alibabas-instant-commerce-bet-pays-taobao-attracts-over-100-million-new-non-food-orders?utm_source=rss_feed Thu, 06 Nov 2025 11:00:23 +0000 Wency Chen Wency Chen Alibaba Group Holding is rebranding its Chinese food delivery platform Ele.me as Taobao Shangou, aligning the service more closely with its flagship e-commerce ecosystem, as the company seeks to enhance synergy across its consumer businesses. A logo of the beta version of the updated app, available to select users, adopts Taobao’s signature orange colour, according to screenshots seen on Chinese social media. The move aligns with Alibaba’s recent efforts to phase out Ele.me’s original branding,... https://www.scmp.com/tech/big-tech/article/3331469/alibaba-rebrands-food-delivery-app-eleme-taobao-shangou-instant-retail-push?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3331469/alibaba-rebrands-food-delivery-app-eleme-taobao-shangou-instant-retail-push?utm_source=rss_feed Tue, 04 Nov 2025 09:00:16 +0000 Coco Feng,Wency Chen Coco Feng,Wency Chen Since April, mainland Chinese consumers have been spoiled for choice, as instant commerce competition brought dazzling promotional subsidies and speedy deliveries right to their doorsteps. Instant commerce – a turbocharged combination of online shopping and swift dispatch – had already made a typical lunchbox order cost around US$1 or US$2, which covered the food and the delivery fee. On-demand delivery giant Meituan’s “Grouping for Good Meals” campaign, for example, offered a four-dish set meal... https://www.scmp.com/tech/big-tech/article/3325354/how-chinas-retail-market-evolving-amid-alibaba-and-meituans-instant-commerce-war?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3325354/how-chinas-retail-market-evolving-amid-alibaba-and-meituans-instant-commerce-war?utm_source=rss_feed Sat, 13 Sep 2025 02:06:12 +0000 Ann Cao Ann Cao Alibaba Group Holding has fired another shot at on-demand delivery giant Meituan, with a campaign that brings merchants from its Tmall business-to-consumer shopping platform onto its Taobao Instant Commerce site. The campaign – dubbed “Jishigou”, which translates to instant purchase in Chinese – has seen more than 260 brands on Alibaba’s Tmall premium retail platform join its instant commerce service, the company said on Tuesday. Alibaba owns the South China Morning Post. Taobao Shangou,... https://www.scmp.com/tech/big-tech/article/3324924/alibaba-mobilises-merchants-premium-tmall-site-join-instant-commerce-drive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3324924/alibaba-mobilises-merchants-premium-tmall-site-join-instant-commerce-drive?utm_source=rss_feed Tue, 09 Sep 2025 12:17:10 +0000 Wency Chen Wency Chen Alibaba Group Holding is rolling out a new outfit for its delivery workers that resembles the racing suit for Formula One (F1) racers, as the company seeks to give China’s e-commerce sector a facelift. Alibaba will conduct an internal auction of 102 autographed uniforms, signed by group founder Jack Ma, CEO Eddie Wu Yongming and e-commerce chief Jiang Fan for the firm’s employees on September 10, Alibaba’s anniversary, according to a company post on Friday. The new orange uniform, a change from... https://www.scmp.com/business/banking-finance/article/3324791/new-f1-style-outfit-alibaba-shows-effort-give-china-e-commerce-sector-facelift?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324791/new-f1-style-outfit-alibaba-shows-effort-give-china-e-commerce-sector-facelift?utm_source=rss_feed Tue, 09 Sep 2025 01:00:13 +0000 Wency Chen Wency Chen E-commerce giant Alibaba Group Holding has won “consumer mindshare” amid its instant commerce push, according to company executives and analysts, to regain growth momentum in the highly competitive domestic market. The Chinese tech conglomerate’s New York-listed shares jumped 13 per cent to close at US$135 on Friday, after reporting robust earnings growth in the June quarter on the back of confidence on the mainland’s instant commerce sector. On Friday’s earnings call, Alibaba CEO Eddie Wu... https://www.scmp.com/tech/big-tech/article/3323775/alibaba-sees-strong-consumer-mindshare-reviving-e-commerce-momentum?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3323775/alibaba-sees-strong-consumer-mindshare-reviving-e-commerce-momentum?utm_source=rss_feed Sat, 30 Aug 2025 13:00:09 +0000 Ann Cao,Wency Chen Ann Cao,Wency Chen Alibaba Group Holding, China’s e-commerce and cloud computing services giant, on Friday reported a 78 per cent surge in profit for the June quarter, while “robust AI demand” led to a 26 per cent revenue growth for its cloud business. Net income attributable to ordinary shareholders advanced 78 per cent to 43.1 billion yuan (US$6 billion) in the period, up from 24.3 billion yuan a year earlier, primarily due to “mark-to-market changes from our equity investments and gains from the disposal of the... https://www.scmp.com/tech/big-tech/article/3323679/alibabas-quarterly-profit-surges-78-equity-investments-disposals?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3323679/alibabas-quarterly-profit-surges-78-equity-investments-disposals?utm_source=rss_feed Fri, 29 Aug 2025 10:55:11 +0000 Hannah Wang Hannah Wang Alibaba Group Holding and its fintech affiliate Ant Group, both co-founded by Jack Ma, have joined forces to create an army of delivery service workers to defeat Meituan in the instant commerce market. A total of 22 businesses operated by Alibaba and Ant, including domestic online marketplaces Taobao and Tmall, Ant’s Alipay payment service and Alibaba Cloud, have pledged to improve the conditions of millions of delivery riders. Alibaba owns the South China Morning Post. Alibaba’s move to pool... https://www.scmp.com/tech/big-tech/article/3322369/alibaba-ant-combine-forces-take-meituan-chinas-instant-commerce-market?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3322369/alibaba-ant-combine-forces-take-meituan-chinas-instant-commerce-market?utm_source=rss_feed Tue, 19 Aug 2025 12:00:08 +0000 Aileen Chuang,Julie Zhang Aileen Chuang,Julie Zhang Shares of Guangzhou Innogen Pharmaceutical Group soared on their Hong Kong debut, buoyed by strong investor appetite for China’s pharmaceuticals sector, which has enjoyed rising valuations and solid performance. Trading under the stock code 2591, Innogen’s shares first changed hands at HK$72 on Friday, almost four times more than the initial public offering (IPO) price of HK$18.68 despite a declining market. The stock closed at HK$57.25, while the city’s benchmark Hang Seng Index fell 1 per... https://www.scmp.com/business/banking-finance/article/3321922/innogen-shares-soar-hong-kong-trading-debut-pharmaceutical-companies-hog-limelight?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3321922/innogen-shares-soar-hong-kong-trading-debut-pharmaceutical-companies-hog-limelight?utm_source=rss_feed Fri, 15 Aug 2025 01:32:10 +0000 Ann Cao Ann Cao Alibaba Group Holding is set to launch a new membership programme spanning a range of services from an online marketplace to food delivery and travel booking, according to Chinese media reports and a person with knowledge of the matter, as the tech giant strives to recapture its leading position in China’s competitive e-commerce market. Alibaba’s e-commerce group, led by Jiang Fan, will provide members of Taobao – China’s largest online marketplace – with subsidised access to various other... https://www.scmp.com/tech/big-tech/article/3320855/alibaba-seeks-reclaim-e-commerce-dominance-china-cross-service-loyalty-scheme?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320855/alibaba-seeks-reclaim-e-commerce-dominance-china-cross-service-loyalty-scheme?utm_source=rss_feed Tue, 05 Aug 2025 13:00:09 +0000 Ann Cao Ann Cao Taobao, China’s largest online shopping app owned by Alibaba Group Holding, is seeing rapid user growth in Thailand, as the platform expands its international presence in search of new growth opportunities. Just over a month after the launch of a localised version of Taobao, the number of new Thai users on the platform surged 60 per cent year on year, recent data from Alibaba International Digital Commerce Group (AIDC), the company’s overseas e-commerce division, showed. The Thai version of... https://www.scmp.com/tech/big-tech/article/3319264/alibabas-taobao-sees-60-user-surge-thailand-after-launch-local-language-version?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3319264/alibabas-taobao-sees-60-user-surge-thailand-after-launch-local-language-version?utm_source=rss_feed Wed, 23 Jul 2025 09:00:09 +0000