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Alibaba

(阿里巴巴集团)

Alibaba gives sellers a sweeter deal as Singles’ Day switch-up bears fruit

China’s largest e-commerce firm was slipping in the war for consumers’ wallets. Then it reshaped its relationship with merchants.

9 Nov 2024 - 2:17PM

Ant International drives AI in cross-border payments to boost global expansion

7 Nov 2024 - 10:58PM

Urgency of AI development at Meituan underscored as co-founder returns

7 Nov 2024 - 10:33PM

Southeast Asia’s e-commerce gold rush draws Chinese giants

The region’s e-commerce market is set to double by 2030, a new report finds.

7 Nov 2024 - 6:00PM

Sellers in Jakarta, Indonesia, conduct a live-streamed sales session on TikTok. Photo: AFP

Bulgari banks on Chinese consumers to fuel luxury growth as economy improves

The Italian fashion brand in the LVMH stable bets on a recovery in the next two years with a plan to open more mainland stores.

7 Nov 2024 - 2:19PMvideocam

‘China’s Instagram’ completes largest data migration ever to Alibaba Cloud

The popular lifestyle social platform Xiaohongshu spent a full year moving 500 petabytes of data to China’s largest cloud provider.

7 Nov 2024 - 12:26PM

Chinese unicorn Zhipu AI raises US$210 million to invest in start-ups

The Z Fund says it aims to take advantage of its parent’s leading position in China’s AI sector to discover promising early-stage start-ups.

6 Nov 2024 - 6:00PM

The Zhipu AI booth at an industry conference in Shanghai. Photo: Handout

Chinese AI firms are splurging on ads to stand out in crowded market: report

Tech giants such as Alibaba and ByteDance along with start-ups spent US$70.2 million in the third quarter to promote generative AI products, report finds.

5 Nov 2024 - 9:00AMvideocam

Chinese AI unicorn Zhipu adds Beijing, Shenzhen government funds as shareholders

The latest funding reflects how Chinese AI-related enterprises continue to attract new investment, despite US tech restrictions.

4 Nov 2024 - 9:00PM

Alibaba’s Black Friday alternative hits US with AliExpress Singles’ Day sales

Alibaba’s international e-commerce platform is kicking off Singles’ Day sales in the US on Friday and runs through November 18.

4 Nov 2024 - 8:09PM

AliExpress is pushing Singles’ Day sales in the US with major promotional events for the first time this year. Photo: Shutterstock

Alibaba cuts ‘dozens of employees’ at metaverse unit as sector’s hype cools down

The lay-offs affected Alibaba metaverse unit Yuanjing’s operations in Shanghai and Hangzhou, according to a report.

3 Nov 2024 - 7:00AMvideocam

Alibaba’s move to downsize its metaverse workforce reflects how other major tech companies are pulling back resources from the sector. Photo: Shutterstock

Temu’s debut in Vietnam faces scrutiny after Indonesian ban

The Chinese bargain shopping site is accused of operating in Vietnam without government approval, according to local reports.

31 Oct 2024 - 7:00PM

Chinese e-commerce platform JD.com to accept Alipay as ‘walled gardens’ fall

The Alipay move comes on the heels of Alibaba’s logistics arm Cainiao announcing it would provide services on JD.com.

31 Oct 2024 - 7:00AM

Chinese data centre firm GDS raises US$1 billion for overseas expansion

That funding will help capitalise the development of up to 1 gigawatt of total data centre capacity outside China, according to GDS.

30 Oct 2024 - 5:00PM

More enterprises are using data centres to host or manage high-performance computing systems for their artificial intelligence projects. Photo: Shutterstock

China’s Zhipu AI says its app can operate your smartphone for you

AutoGLM can order coffee, send messages and complete other tasks on smartphones based on voice prompts, according to the Chinese start-up.

30 Oct 2024 - 9:00AM

People look at their smartphones outside a restaurant in Shanghai. Photo: AFP

Mexico weighs whether to impose tariffs on Chinese e-commerce imports

Plan reportedly targets platforms including Temu, Shein, AliExpress and Alibaba to help cut budget deficit and shield domestic industries.

30 Oct 2024 - 5:29AM

Alibaba’s Singles’ Day sales see strong demand for designer toys, pet products

Popular merchandise this year include niche products like Jellycat, a British soft toy brand that is gaining popularity among young Chinese.

29 Oct 2024 - 5:30PM

Hurun Rich List: China’s wealthiest lose money due to economy and market slides

The collective wealth of China’s wealthiest people slumped 10 per cent from a year earlier to US$2.97 trillion.

29 Oct 2024 - 5:47PM

Zhang Yiming, the founder and CEO of ByteDance. Photo: AFP

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

28 Oct 2024 - 8:18PM

Chinese rocket firm is selling tickets to space on Taobao for US$280,000 each

The suborbital trip, scheduled for 2027, will last around 12 minutes with a maximum height of 150 kilometres.

26 Oct 2024 - 6:00PM

Star Chinese fund manager bets on Alibaba, liquor stocks

Zhang Kun of E Fund Management sees high returns, dividends in technology and consumer stocks.

25 Oct 2024 - 4:15PM

People visit the booth of Alibaba.com during the 136th China Import and Export Fair in Guangzhou, south China’s Guangdong Province, on October 15, 2024. Photo: Xinhua

Alibaba starts Singles’ Day direct sales, with strong demand for Apple products

The encouraging start to Singles’ Day sales for the country’s largest online retail platforms augurs well for consumer spending on the mainland.

22 Oct 2024 - 7:53PM

A pedestrian in Shanghai walks by an advertisement promoting Tmall’s Singles’ Day campaign on October 17, 2024. Photo: VCG via Getty Images

Apple’s iPhone 16 sees further price cuts as part of Singles’ Day promotions

Alibaba’s Tmall, JD.com and Pinduoduo introduced further iPhone 16 discounts as part of their respective Singles’ Day campaigns.

22 Oct 2024 - 2:07AM

Alibaba start-up competition: Hong Kong officials tout city as ideal launch pad

Speakers at the Jumpstarter Ignition Gala highlighted the city’s advantageous position between mainland China and the larger Asia-Pacific market.

21 Oct 2024 - 8:00PM

Asia hedge funds outperform global peers on September rally

September gains near 5 per cent pushed Asia fund returns to 9.7 per cent for the first nine months, above the global average.

21 Oct 2024 - 11:56AM

People walk on a pedestrian bridge that displays the stock prices from the Shanghai and Shenzhen exchanges on September 27, 2024 in Shanghai. Photo: Getty Images

Exclusive | Hong Kong to turn bankers’ summit into calendar ‘anchor’ on popular demand

The summit is pivoting from the publicity objective of its 2022 inaugural edition to making Hong Kong the venue to discuss issues that affect global banking.

22 Oct 2024 - 9:49AMvideocam

Chief Executive of Hong Kong SAR John Lee Ka-chiu (right) and Financial Secretary Paul Chan Mo-po during the second Global Financial Leaders’ Investment Summit at the Four Seasons Hotel in Central on 7 November 2023. Photo: May Tse.

Alibaba’s new digital marketing tool boosts Singles’ Day sales for merchants

Quanzhantui, a digital marketing tool for merchants, is seen as a key measure of success in monetising Alibaba’s Taobao and Tmall marketplaces.

21 Oct 2024 - 7:00AM

Alibaba sees double-digit sales growth for Singles’ Day in Hong Kong

The rosy prediction comes on the back of a US$142-million promotion that waives delivery fees on certain orders for Taobao users in the city.

18 Oct 2024 - 8:30AM

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Alibaba

阿里巴巴集团

Alibaba is China's largest e-commerce company, with holdings in a wide portfolio of businesses from logistics, cloud services and finance to media. The company provides business-to-business, business-to-consumer and other services through platforms including Alibaba.com, Tmall, and Taobao. Alibaba is the owner of the South China Morning Post. It was co-founded by Jack Ma, who retired as chairman in 2019 but is still a major shareholder.

Chairman / President

Joe C. Tsai