Chinese businessman Jack Ma is to cede voting rights at the Ant Group in an overhaul prompted by a government crackdown. Ma has largely disappeared from view after criticizing the regulation of tech companies in...
In the late 2000’s, nobody would have a clear idea of the non-traditional industries like Uber and Airbnb. Uber, Airbnb, Alibaba, Netflix are the top and most common services people use today. All run on...
In the first five minutes of Singles’ Day, Chinese shoppers spent more than $1 billion on e-commerce platform Alibaba, setting the stage for new records during the world’s biggest sales promotion event. Named for the...
Following weeks of speculation, Chinese e-commerce giant Alibaba Group has announced it agreed to buy the biggest English-language newspaper in Hong Kong, the South China Morning Post (SCMP), together with other media assets owned by...
Recently China’s largest online direct sales company Jingdong, or jd.com (JD), successfully launched its initial public offering and raised $1.8 billion on the Nasdaq. Very soon, its domestic rival, Alibaba (ABABA), the largest e-commerce company in China, as well...
Alibaba changed its leader on Friday in what the company describes as “a year of transition” for the world’s largest retail giant. Jack Ma, 48, stepped down as Alibaba CEO, with 43-year-old Jonathan Lu Zhaoxi...
