Alibaba Group

Tencent announced a $500 million investment in GoTo from Indonesia

Tencent has announced a $500 million investment in Indonesia. These funds will cover the construction of its third data center in the region in a partnership with GoTo Group and...

November 13, 2024

At least 95.8% of Europeans have shopped online during 2024 Q1

At least 95.8% of European consumers shopped online in the first quarter of this year. In the United Kingdom, that percentage was 93%. In the Netherlands, 96% of consumers shopped...

May 27, 2024

Alibaba will reorganize its business into six companies

Alibaba will reorganize its business, including its spin-off, into six companies, each with the flexibility to raise external capital and consider an IPO. This is the most significant transformation in...

March 30, 2023

Alibaba reports 37.3% less profit

Alibaba reported a net profit of 48.993 billion yuan (about 6.68 billion euros) in the first nine months of its fiscal year, which will end next March 31, representing a...

February 27, 2023

Alibaba shares soared above 8% after Jack Ma relinquished control of Ant Group

Alibaba shares soared above 8% and hit six-month highs after its founder, Jack Ma, finally relinquished control of the techno-financial subsidiary Ant Group. 🔥Do you want to know more about...

January 11, 2023

Alibaba Group launches Alibaba.com Select a B2B sourcing service

Alibaba.com, the B2B marketplace of Alibaba Group, has launched a new service 'Alibaba.com Select', designed for retailers, distributors, wholesalers, and medium and large enterprises that currently import or are interested...

October 25, 2022

U.S. regulators could finally audit Alibaba and JD.com

U.S. regulators have selected a group of Chinese companies for inspection. As reported by Reuters, e-commerce giants such as Alibaba Group and JD.com will be among the companies selected. Do...

September 5, 2022