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.

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

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.

For the first time, Wu has spoken publicly about his vision for Alibaba after he took the reins from Daniel Zhang Yong in September.

Senior officials of eastern Zhejiang province called on Alibaba’s top management, led by new chairman Joe Tsai, to boost investment in frontier tech research and promote innovation in digital technology.

China’s e-commerce giants are gearing up for the world’s largest online shopping season that kicks off next week, counting on bargain prices to woo penny-pinching consumers.

The affiliate of Alibaba Group Holding pays 1.54 billion yuan (US$210.5 million) for a parcel for new office buildings in Hangzhou, a ‘clear sign’ that Ant is ‘back on its growth track’, a property investor says.

E-commerce giant Alibaba has signed a deal with the Cambodian government to support the country’s digital economy and small business sector, showcasing the firm’s commitment to the Southeast Asia market.

As China’s retail growth sputters, the country’s e-commerce operators are racing to beat rivals with better bargains in the annual online shopping extravaganza.

Alibaba has closed its Luohan Academy, a social science institute that founder Jack Ma had hoped could exist for 300 years when it was created five years ago, according to sources familiar with the matter.

About a decade after Alibaba founder Jack Ma pushed forward its creation, Cainiao has become one of the world’s top logistics services providers and a big opportunity for global investors when it lists in Hong Kong.

Zhang’s exit comes the same day he was scheduled to hand over the company to chairman Joe Tsai and CEO Eddie Wu Yongming. Alibaba Group’s shares slipped 3 per cent in Hong Kong on the news.

The fintech affiliate of Alibaba is expanding support to several Asian e-wallets through its Alipay+ service to smooth travel to its home city.

Jack Ma, founder of e-commerce giant Alibaba, delivered a video speech to rural teachers on Sunday, as the Chinese billionaire continues to focus on the agricultural and education sectors.

Jack Ma has made several international trips to learn about sustainable food production in the past few years, as he turns his attention to the sector after life at Alibaba.

Jiang, who lost his place in Alibaba’s influential partnership in April 2020 after an alleged extramarital affair, is expected to help steer the company’s e-commerce business through intensifying competition.

Planned changes would include adding more layers, prolonging the promotion timeline of mid-level personnel and removing the P9 and above categories for senior roles.

Since Beijing quashed Ant Group’s IPO in November 2020, a Big Tech crackdown spanning more than two years has left no big industry player unscathed.

Alibaba’s Damo Academy is looking for a lead scientist in the field of seed breeding, among several other roles, as it seeks to develop the tech of particular interest to Beijing.

The IPO plans and revised valuation of Ant Group, the fintech giant founded by billionaire Jack Ma, have come under the spotlight after Beijing ended a two-and-half-year regulatory investigation.

Ant’s planned equity repurchase scheme would value the company at about US$78.5 billion, which is significantly lower than the US$280 billion market capitalisation it fetched in 2020.

It is more important than ever for Alibaba to focus on small businesses and merchants, the group’s chief strategist said on Wednesday, endorsing a strategic business pivot initiated by its founder Jack Ma.

Alibaba founders Jack Ma and Joe Tsai appeared at company offices in Hangzhou as the e-commerce giant prepares for the departure of its CEO and seeks to regain competitive edge.

The billionaire founder of Alibaba talked about the ‘understanding of mathematics’ with participants in the competition he started five years ago.

Ma’s stint at the University of Tokyo underscores the Chinese tech billionaire’s return to public life as an educator and researcher, as he keeps an arm’s length from the vast business empire he created.

From India’s energy magnates Gautam Adani and Mukesh Ambani to China’s Zhong Shanshan and Pony Ma Huateng, which billionaires in Asia are giving back big?

The fintech giant is expected to advance Hangzhou’s digital transformation, while also helping the city stage major international events like the 2023 Asian Games.

Wang is widely seen as the man who laid the technological foundations to facilitate Alibaba’s emergence as an e-commerce giant.