Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday (March 28), in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises. The US-listed shares of the Chinese e-commerce conglomerate, which have lost nearly 70 per cent...
Alibaba founder Jack Ma has returned to China, the South China Morning Post (SCMP) reported on Monday (March 27), ending a more than year-long sojourn overseas that was viewed by industry as reflecting the sober mood of China's private businesses. Ma, one of China's best known entrepreneurs, left mainland China in late 2021 and has been...
When Alibaba kicks off its Singles Day extravaganza on Monday (Oct 24), it will for the first time in years not be headlined by its two mega sales stars, casting a pall over China's biggest shopping event and leaving brands guessing how well they will do. The event, which the e-commerce giant has built up from a...
An autonomous delivery vehicle by Meituan is displayed at the World Artificial Intelligence Conference (WAIC) in Shanghai, China on July 8, 2021.Reuters file More than a thousand robots are set to join the delivery personnel ranks of Chinese behemoths Alibaba, Meituan and JD.com over the next year as the pandemic fuels demand for contactless services. The firms expect...
