Tag: Alibaba

India likely to get an investment of about $2 bn from chinese companies

Chinese companies invested nearly $2 billion in Indian startups in 2017, a sharp increase from previous years and indicating their…

Alibaba generates a record $31 billion during Singles’ Day sale

Shanghai: Chinese e-commerce giant Alibaba on Monday announced generation of whopping $30.8 billion in terms of Gross Merchandise Value (GMV)…

In 5 minutes of online sale, Alibaba rakes in $3 billion

SHANGHAI: Chinese e-commerce giant Alibaba generated $3 billion in five minutes of its annual 24-hour online shopping sale during its…

WFP, Alibaba join forces to fight hunger

Hangzhou: The UN World Food Programme and Chinese e-commerce giant Alibaba Group have formed a strategic partnership to support efforts…

WFP, Alibaba join to support UN ‘Sustainable Development Goal 2’

New Delhi: The UN World Food Programme (WFP) and Alibaba Group on Monday announced their partnership to support efforts to…

Alibaba developing quantum chips to power diverse industries

Hangzhou: China's e-tailer giant Alibaba is developing quantum chips (processors) to power a range of industries, including e-commerce, logistics, finance,…

Alibaba fest to celebrate innovations by young Chinese

Hangzhou Hundreds of young Chinese entrepreneurs are revving up to showcase their smart technologies and products at Taobao Maker Festival…

Alibaba CEO Daniel Zhang to succeed Jack Ma as chairman

Hangzhou: Following chairman Jack Ma's retirement plan reports, Alibaba Group formally announced that the company will be headed by current…

Alibaba’s Jack Ma to retire next year, Daniel Zhang to succeed

Bengaluru/Beijing: Alibaba's Executive Chairman Jack Ma will step down in September 2019 and hand over the reins to Chief Executive…

Alibaba’s Jack Ma to announce succession plan, not retirement

Beijing: Jack Ma, Alibaba Group Holding's co-founder and executive chairman is set to announce a succession plan on Monday on…

Alibaba co-founder and China’s richest man announces retirement

Jack Ma, The co-founder and chairman of Alibaba plans to retire from the Chinese e-commerce giant on Monday to devote…

Alibaba’s Jack Ma to retire

New York: Jack Ma, Alibabas co-founder and executive chairman, has said that he plans to step down from the Chinese…

Andhra to adopt Alibaba’s cloud-computing frameworks for governance

Vijayawada:The Andhra Pradesh Economic Development Board (APEDB) has signed a Memorandum of Understanding (MoU) with Alibaba Cloud to adopt cloud…

Alibaba ‘ready’ for trade war with US

Beijing: Chinese e-commerce giant Alibaba on Thursday said that the company is ready for a possible trade war with the…

Mukesh Ambani dethrones Jack Ma, becomes Asia’s richest person

New Delhi: Reliance Industries Ltd (RIL) Chairman Mukesh Ambani has surpassed Alibaba Group's Jack Ma to become Asia's richest person.…

Alibaba builds AI that can write 20,000 lines of copy in a second

Hangzhou: Alibaba's latest achievement in the AI space will make the job of copywriters easy breezy, or even eliminate the…

Alibaba’s Jack Ma says trade war endangers job pledge

Beijing: Alibaba founder Jack Ma said a China-US trade war could endanger his pledge to create 1 million US jobs,…

Alibaba invests $866mn in Beijing-based bicycle-sharing platform

New Delhi [India]: Ofo, a station-free bike-sharing platform announced capital infusion to the tune of USD 866 million led by…

VH dubs KCR as Alibaba & kin as Char Chor

Alleging that “friendly fight” was going on between the TRS and BJP leaders, AICC secretary V Hanumanth Rao has said…

Bigbasket secures $300 mn funding from Alibaba

New Delhi : In a major move to fuel growth, online supermarket bigbasket raised USD 300 million in a fresh…