Alibaba

Alibaba Picks Kehua Hengsheng to Build, Run New Data Centers

Alibaba Picks Kehua Hengsheng to Build, Run New Data Centers

Alibaba Group Holding, one of China’s biggest tech firms, is turning to electronics equipment supplier Kehua Hengsheng for its cloud data center services.

Aug 15, 2018
Tang Shihua
Suning Makes First Payment Into Jack Ma’s New USD2.5 Billion Fund

Suning Makes First Payment Into Jack Ma’s New USD2.5 Billion Fund

Chinese retail giant Suning.Com’s investment arm has made its first payment into Yunfeng Capital’s Fund III, an account run by major Suning backer Jack Ma.

Aug 13, 2018
Xu Wei
Young African Entrepreneurs Could Build 100 Alibabas, Jack Ma Says

Young African Entrepreneurs Could Build 100 Alibabas, Jack Ma Says

African entrepreneurs could build 100 Alibaba-like firms, the Chinese e-commerce titan’s Executive Chairman Jack Ma said in Johannesburg while unveiling a fund to support the young go-getters.

Aug 10, 2018
Liao Shumin
Alibaba, Tencent Eye Opening in South Korea’s Internet Banking Sector

Alibaba, Tencent Eye Opening in South Korea’s Internet Banking Sector

Reports that South Korea could lift restrictions on private shareholdings in internet banking firms could provide new opportunities for China’s…

Aug 8, 2018
Quan Xiaoxing
Alibaba Lands Stake in China’s Biggest Securities Brokerage for USD512 Million

Alibaba Lands Stake in China’s Biggest Securities Brokerage for USD512 Million

Alibaba Group Holding, one of China’s leading New Economy giants, has paid CNY3.5 billion (USD512 million) for a stake in…

Aug 7, 2018
Li Wei
PBOC Fines Alipay for Breaching Forex Rules

PBOC Fines Alipay for Breaching Forex Rules

China’s central bank has fined Ant Financial Services Group CNY4.1 million (USD600,000) for irregularities in cross-border transactions on its Alipay platform.

Aug 7, 2018
Xu Wei
Suning.Com Posts Nearly 20-Fold Jump in Profits in First Half

Suning.Com Posts Nearly 20-Fold Jump in Profits in First Half

China's e-commerce giant Suning.Com has reported CNY6 billion net profit in the first half, which is over 19.5 times higher than that of last year's.

Jul 31, 2018
Wang Hai
Alibaba’s Jack Ma, Executives See Stakes Pared

Alibaba’s Jack Ma, Executives See Stakes Pared

The collective stake in Alibaba Group Holding held by executives and directors fell to 9.5 percent this month from 10.6…

Jul 30, 2018
Xu Wei
Alibaba's Xiaohongshu Blames Tencent's Dianping for Copied Content

Alibaba's Xiaohongshu Blames Tencent's Dianping for Copied Content

Alibaba-backed lifestyle platform Xiaohongshu has accused Tencent-funded living guide Dianping of stealing some one million posts of content as the…

Jul 30, 2018
Liao Shumin
Alibaba, Focus Media Pen USD735 Million Deal to Use Facial Recognition in Advertising

Alibaba, Focus Media Pen USD735 Million Deal to Use Facial Recognition in Advertising

An Alibaba unit is partnering up with Focus Media Information Technology, one of China’s biggest advertising agencies, in a CNY5 billion (USD735 million) deal to develop facial recognition systems.

Jul 27, 2018
Xu Wei
Alibaba AI Helps Catch Fishy Fraudsters in Zhejiang

Alibaba AI Helps Catch Fishy Fraudsters in Zhejiang

An artificial intelligence system developed by Alibaba Group Holding, one of China’s biggest tech firms, has helped police in Quzhou,…

Jul 26, 2018
Xu Zuwei & Tang Shihua
China's Vaccine Maker Ylz's Stock Rallies on Ant Financial's Blockchain Tech

China's Vaccine Maker Ylz's Stock Rallies on Ant Financial's Blockchain Tech

China's vaccine maker Ylz Information Technology has averted the country's fake rabies vaccine scandal and watched its share prices climb…

Jul 25, 2018
Tang Shihua