alibaba

New Business

China’s selective shoppers embrace members-only retailers like Walmart’s Sam’s Club

While traditional brick-and-mortar supermarkets struggle amid the rise of e-commerce, Linda Wang from Shanghai still visits Sam’s Club, a membership-only…

Read More »
New Business

Alibaba’s long-awaited China stock link may provide timely boost

Chinese investors finally being able to buy shares of Alibaba Group Holding may provide a much-needed boost for the e-commerce…

Read More »
Tech

AI demand returns Alibaba Cloud to company growth engine as e-commerce slows

AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with…

Read More »
Tech

Hong Kong’s video gaming sector to get a boost from growing adoption of GenAI

“We have seen the trend that users are more willing to interact with AI, which means virtual characters are an…

Read More »
New Business

Meituan launches 30-minute delivery services for home appliances in China in Midea deal

Chinese food delivery giant Meituan has partnered with Midea, one of the world’s largest home appliances makers, to enable app…

Read More »
Tech

US online retailer iHerb taps Alibaba’s Cainiao for new Hong Kong logistics facility

US online retailer iHerb is setting up a new warehouse in Hong Kong with Cainiao Smart Logistics Network, the logistics…

Read More »
New Business

China hits 100 billion deliveries as couriers grow part and parcel with e-commerce

This equates to an average of 71.43 packages per person, 5,144 packages delivered every second, or 440 million packages moving…

Read More »
Tech

Alibaba’s Lazada posts first monthly profit amid intense competition in Southeast Asia

Lazada, the Southeast Asian online shopping platform of Alibaba Group Holding, has achieved a monthly profit for the first time,…

Read More »
Tech

Paris Olympics: online sales of tennis, other sporting goods surge as Chinese celebrate gold haul

Alibaba Group Holding’s online shopping platforms have experienced a surge in interest and sales of sporting goods, as Chinese consumers…

Read More »
Tech

Chinese AI start-up Moonshot cuts LLM feature price amid fierce domestic competition

Chinese artificial intelligence (AI) firm Moonshot AI has halved the price of a new feature on its Kimi large language…

Read More »
Back to top button