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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 visionOS version of DingTalk supports special features available only on Apple’s new device, including realistic avatars known as Persona
- Global hit game Honkai: Star Rail from miHoYo and Chinese online travel company Trip.com are also said to be launching native Vision Pro apps
Ant Group and the Shanghai municipal government have struck a partnership that would see the two parties deepen their collaboration in fields such as blockchain and artificial intelligence.
Chinese cloud service providers are offering dedicated server plans for players of Palworld, a hit game that has been compared to Pokémon.
The founder also warns staff to focus on ‘safety, not speed’ when venturing into new fintech services like loans and insurance, according to Chinese media reports and people familiar with the situation.
Chinese internet firms can look to chase growth through international markets and artificial intelligence in 2024, according to the Swiss bank.
The move comes as China has waived visa requirements for travellers from several countries, while Chinese tourists are expected to head abroad during Lunar New Year.
The land grab comes as the domestic technology sector continues to recover from several years of regulatory upheaval, which has seen many firms scale back their operations.
SoftBank expects to book US$8.5 billion, about 425 times the value of its initial Alibaba investment, for its 2024 financial year after divesting more than 500 million shares in the e-commerce giant.
The AI PPT tool, priced at US$2.66 per month, can automatically generate slides based on preset topics or user requests.
The new unit, called NextEvo, will drive and coordinate Ant’s core AI efforts, according to people familiar with the matter.
The credit-scoring company appears to be headed for official approval to begin operations after a wait of more than two years, with the People’s Bank of China guiding its application, official says.
Lazada Group CEO James Dong will now also lead Daraz Group and build on the two Alibaba subsidiaries’ ‘extensive collaborations and synergies’.
The combined stakes of the two co-founders eclipsed SoftBank Group, which has reduced its shares in Alibaba through a series of forward contracts.
Alibaba CEO Eddie Wu Yongming in November named Xianyu one of four ‘strategic-level innovation businesses’ to undergo transformation.
The newly formed working group is tasked with building, maintaining and promoting metaverse industry standards, China’s technology regulator says.
Alibaba co-founder Jack Ma has met with rural teachers in the run up to the Chinese Lunar New Year for nine years in a row.
The call to break more digital barriers in China’s internet industry comes days before Tencent’s flagship video game, Honour of Kings, returns to ByteDance-owned Douyin’s live-streaming platform.
Assigning generative AI content a legal status under certain conditions aims to encourage people to create with new tools, Beijing Internet Court judge Zhu Ge said.
Alibaba and TikTok played to their strengths at CES, as they catered to a market where it has been increasingly difficult for Chinese companies to operate.
The biggest drags on the MSCI benchmark since the end of September 2023 include Alibaba, Yum China and BYD, which have all been offering big discounts.
Companies from Alibaba to Tencent have been slashing external investments amid an economic slowdown, regulatory headwinds and geopolitical tensions, according to data compiled by a Chinese consultancy.
Octopus says it will open up its payment networks for the first time in 26 years to UnionPay, Alipay and AlipayHK.
With the help of artificial intelligence, merchants on the Taobao and Tmall platforms are expected to improve their services and attract new customers.
DingTalk’s AI agent function is powered by Alibaba’sTongyi Qianwen large language model and is expcected to help drive adoption of AI products.
The so-called ‘consolidated shipping’ service covers both air and sea transport routes and is designed to cut shipping times and costs.
A routine internal audit at Dada found US$140 million worth of questionable revenue and costs in the firm’s books for the first three quarters of 2023.
Despite their growing popularity, AliExpress and Temu are generally lagging behind the competition in South Korea in terms of fast delivery service and product quality assurance.
More than 1,100 Chinese firms, including tech giants Alibaba and ByteDance, are exhibiting at CES this year, making up a quarter of the total, over twice the number from 2023.
The deal between McDonald’s China and Cainiao to improve supply chain efficiency comes as the logistics firm prepares for an initial public offering in Hong Kong.
Alibaba has cut its GoGoX stake four times over the past two months, as the Hong Kong logistics services firm faces cutthroat competition and regulatory pressure in the mainland’s intracity delivery courier market.
