Alibaba is the world’s biggest e-commerce group. Founded by Jack Ma, it owns Tmall.com and its consumer-to-consumer business Taobao.com. Alibaba Group is the owner of the South China Morning Post.
With the crackdown on fintech firms over, the sector must look forward and realise its full potential in driving China’s recovery.
Trades in local dollar or yuan in city stock market will offer greater choice to those investors seeking to diversify not only in shares but also currencies.
Wang Xiangwei, the Post’s former editor-in-chief, reflects on his career as a journalist, reporting on China, the need for a hiatus, and why he wants to return to Hong Kong.
Primary listing in Hong Kong by tech giant will allow ordinary people to share in success of such companies and help drive nation’s development.
As many of the country’s tech founders hand over the reins, it’s worth remembering that once start-ups grow to a certain size they need professional managers to take over.
The intervention by Chinese policymakers to calm panic is welcome but took too long, writes Wang Xiangwei.
Parcel deliveries reached a new high of 120 billion items this week, up 8.5 per cent from all of 2022, as e-commerce sees strong third-quarter recovery.
The move is meant to allow Alibaba (China) Network, established in 1999, to focus on its main businesses, according to filings.
The AI tool is expected to help merchants on Alibaba.com, the e-commerce giant’s international business-to-business wholesale marketplace, automate their client-facing operations to entice more customers overseas.
Temu, a Chinese-owned shopping app targeting US consumers, has become a key factor driving strong revenue growth for its parent PDD, which briefly overtook rival Alibaba in market value.
Misconduct in the industry, from fraudulent advertising to misleading pricing, should be addressed and punished, the piece argues, in a sign that government attitude towards the sector may be shifting.
China’s largest ride-hailing service said it will carry out ‘in-depth technical risk identification and upgrade work’ to fully ensure service stability.
‘I firmly believe that Alibaba will change and adapt. All great companies are born in winter,’ the founder said.
The Climate transition, wealth management and digitalisation of the financial sector will be among key drivers of Asia’s economy, a conference organised by BIS and the HKMA heard on Tuesday.
The disruptions affected some of the app’s 400 million users, as well as drivers across China, including in Beijing, Shanghai and Guangzhou.
Alibaba’s Damo Academy is donating its quantum lab to Zhejiang University, as the e-commerce giant's in-house research initiative allocates more resources to artificial intelligence.
‘Hangzhou Ma’s Kitchen Food’ has been set up in Alibaba’s home city amid a post-pandemic shift in eating habits, adding to Ma’s agriculture-focused endeavours.
Under the collaboration, DingTalk has become one of the first intelligent business platforms to launch an app based on HarmonyOS, the Alibaba unit says.
The Chinese leader’s message promoting digital trade and common rules comes as the US is walking back its long-standing commitment to free trade.
The generative AI bot Feishu Intelligent Buddy is being added to the office app to help users generate emails and spreadsheets or analyse PDFs.
Chief people officer Jane Jiang said in an internal letter rumours of 25,000 lay-offs are false and that the matter has been reported to the police.
Pinduoduo posts job advertisements for algorithm engineers, as it ramps up efforts in generative artificial intelligence.
Baidu has a stockpile of advanced artificial intelligence chips to soften the short-term impact of US export curbs, the Chinese tech giant said as it forecast increased AI revenues in its third-quarter results.
The plan, marketed as Adobe’s first app solution for individual users in China, faces competition from local rivals such as Meitu.
At least 16 analysts have reduced their stock valuation after last week’s sell-off in New York and Hong Kong, driving the consensus to a record low. Jefferies, CICC and Guotai Junan are the most aggressive among them.
ByteDance is challenging Tencent and Alibaba in China’s top three tech grouping, as it benefits from a gradual uptick in advertising revenue.
Marcos Jnr wants the video app to train local sellers, especially those in rural areas, to market their offerings, after meeting with TikTok Chief Executive Officer Chew Zi Shou in San Francisco.
Alibaba announced overnight that it would not proceed with the full spin-off of its cloud computing unit after posting 9 per cent revenue growth in its September quarter.
The company has sharpened its focus on a wholesale marketplace, second-hand goods trading platform, office chat app, and search and cloud storage solution
Chinese tech giants Alibaba and Tencent admit to feeling the pinch of the latest US chip export controls, but said they are evaluating ways to minimise the impact on their business growth.
Generative AI can support innovation, content creation, product development, marketing and services, Euromonitor says, citing Chinese travel platform Trip.com as one company that has scored direct benefits from implementing AI.
Stocks slipped in Hong Kong amid the biggest sell-off in Alibaba Group in 13 months. The e-commerce group cancelled a key part of its business reorganisation amid heightened US-China tech rivalry.
Ant CEO says the fintech group is doubling down on global expansion and working with partners to support growth in four areas – travel, trade, technology and talent.
JD.com CEO Sandy Xu Ran will take over leadership of JD Retail from Xin Lijun, the company announced on Wednesday.
The company has also put on hold its listing plan for supermarket chain Freshippo, a decision that it announced along with its latest quarterly earnings.