The platform will continue to process orders that have already been placed as well as provide after-sale services, according to the LST message.Alibaba brings 5-day delivery to the US in race against Shein, TemuLST is a project under Alibaba’s e-commerce unit Taobao and Tmall Group...
“I think right now in the world, there’s probably only two locations where the regulators somewhat have a plan or vision of how to do this right,” Chen said. “And I think it’s Hong Kong and Dubai.”Maersk’s exit from blockchain-based logistics leaves the field open...
Damo Academy, Alibaba Group Holding’s research arm, expects to launch the next-generation of its XuanTie series of RISC-V processors – the C930 – this year, in the latest effort to counter the impact of tighter US trade restrictions on exports of advanced chip technologies to...
E-commerce giant Alibaba Group Holding plans to invest US$1.1 billion in South Korea over the next three years, according to a local media report, amid a probe by regulators into its consumer protection and data practices.Alibaba will spend US$200 million this year to build a...
The local government in Hangzhou, the capital of eastern Zhejiang province, has taken another drastic move to ease home-purchase restrictions in the city, after an effort last year failed to rejuvenate the housing market.The city, home to China’s tech leaders including e-commerce platform operator Alibaba...
China’s video-sharing platform Bilibili has added cross-platform links to Alibaba Group Holding’s online shopping platform Taobao in the latest attempt to pull in more revenue from its 100 million daily active users (DAUs).Bilibili, which is still in the red since going public on Nasdaq in...
Chinese e-commerce powerhouse Alibaba Group Holding is revamping staff incentives to combine more exercisable stock options with cash in an effort to boost employee morale amid intense competition in a challenging market environment.The new incentive scheme will come into effect from April 1, 2024, the...
Alibaba International has launched a new campaign to promote its artificial intelligence (AI) tools aimed at helping merchants to tap overseas markets on Alibaba.com, in the latest push to expand cross-border e-commerce business.The new campaign says Alibaba’s generative AI tools can be used to “lower...
The head of Alibaba Group Holding’s Local Services Group (LSG), one of the six major business units being spun off from the e-commerce giant, is stepping down amid an ongoing restructuring process.Yu Yongfu, who was appointed to lead LSG after Alibaba announced its restructuring last...
Alibaba Group Holding is set for a comeback after several years of rising competition and macroeconomic pressures, according to the company’s co-founder and chairman Joe Tsai, who is backing the Chinese e-commerce giant to bounce back.Alibaba is “a lot more confident” about its position as...