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Sneako chips tooth after being punched during New York livestream
Controversial streamer Sneako was punched during a livestream in New York City on April 14, sending his camera to the ground. The attacker fled, and the motive remains unclear. Sneako later posted that he was “fine” and resumed streaming within an hour, describing the incident as random while questioning whether the confrontation was truly unprovoked.
Jack Ma returns to Alibaba amid AI push, market challenges
Jack Ma has returned to Alibaba’s offices and is more involved than he has been since 2019, Bloomberg reports. Although he holds no formal position, he has influenced major moves by the ecommerce company. While Joe Tsai and Eddie Wu officially lead the company, Ma is keeping a close eye on key developments.
Jack Ma returns with a vengeance to ‘Make Alibaba Great Again’
Jack Ma, after a period away from the public eye, has returned to Alibaba, becoming actively involved in the company's strategic direction. He is influencing key decisions, particularly in artificial intelligence and the e-commerce battle against rivals like JD.com and Meituan.
China's ecommerce companies are getting singed by a price war
The likes of Alibaba, Meituan and JD.com have been flooding consumers with discounts and coupons to gain market share in the booming one-hour delivery segment, burning their cash in the process, eating into margins, and raising questions from investors on strategy.
What's 'cooking' between China and US? This man is bridging the gap through this act
Yu Bo, a commercial video director in Beijing, has gained 136,000 followers on RedNote by sharing English-language cooking videos during a time of heightened US-China tensions. His humorous and relatable approach has attracted a significant American audience, with whom he frequently interacts. Despite concerns about TikTok's future, Yu's popularity continues to grow.
Alibaba integrates ecommerce platforms into a single business unit
Alibaba International Digital Commerce (AIDC) group chief Jiang Fan, a former head of Tmall who was demoted in 2020 following an online scandal, has been tapped to lead the new unit. He will report to Alibaba Group CEO Eddie Wu.
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China detains investment bankers, takes passports in corruption sweep
China's investment banking sector faces intense scrutiny as authorities detain top bankers amid President Xi Jinping's common prosperity campaign. Major firms like Haitong Securities are tightening travel restrictions and passport controls for employees. Regulatory probes are impacting the $1.7 trillion brokerage industry, raising concerns about its future while consolidations and pay cuts continue.
Alibaba boosts share buyback as revenue misses estimates
Alibaba executives expressed coolness about the near-term potential of IPOs for Cainiao logistics and Freshippo. Alibaba is considering selling consumer sector assets, including Freshippo, which has been engaged in a price war with Walmart's Sam's Club.
Alibaba boosts share buy back as revenues miss
China's Alibaba Group Holding on Wednesday missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in the world's second-largest economy.
Xi Jinping's US visit a rare opportunity to see China's leader up close and (sort of) personal
Chinese President Xi Jinping's visit to San Francisco for talks with President Joe Biden provided a rare glimpse into his usually guarded persona. While maintaining control during official discussions, Xi displayed moments of animation and engagement at a gala dinner, signaling a potential shift in China's approach to the U.S. The event aimed to bridge ties with American business leaders and ease tensions, showcasing a more personable side of the typically reserved Chinese leader.
How Alibaba's six main new business units stack up
Alibaba Group Holding's former CEO, Daniel Zhang, has unexpectedly left the company's cloud computing unit, raising concerns about its spinoff plans. Alibaba announced in March that it would split into six main business units, each with its own CEO and board of directors. The Cloud Intelligence Group, which includes Alibaba's cloud computing unit, is the company's dominant player in China's domestic cloud computing sector.
How Chinese tech giant Alibaba's six new business units stack up
The e-commerce giant announced in March it will split into six business units, each with its own CEO and board of directors, and adopt a holding company management model, in the biggest revamp of its 24-year history.
Alibaba’s global online commerce arm weighs a US IPO
Global online shopping unit includes Lazada, AliExpress, and has been valued by analysts at $39 billion.
How Alibaba's six new business units stack up
Alibaba has long relied on e-commerce as its core business, with smaller divisions in sectors such as cloud computing and entertainment. The company's CEO Daniel Zhang said the business units will each be free to pursue funding and IPOs independently, which points to a possible carving out in the future.
After the split, here's how Alibaba's six new business units stack up
The company's CEO Daniel Zhang said the business units will each be free to pursue funding and IPOs independently, which points to a possible carving out in the future.
Alibaba splits into six units that may pursue individual IPOs
“Each business group and company can pursue independent fundraising and IPOs when they are ready,” Zhang said in a statement.
It's time for Marvel superheroes to shine in Chinese theatres after nearly four years
The first 'Black Panther' film alone collected $105 million at Chinese cinemas.
China security apparatus well honed to deal with protests
The government has been preparing for such challenges for decades, installing the machinery needed to quash large-scale upheavals. After an initially muted response, with security personnel using pepper spray and tear gas, police and paramilitary troops flooded city streets with jeeps, vans and armored cars in a massive show of force.
Alibaba looks to expand its Southeast Asian arm Lazada to Europe
The move comes months after Alibaba's logistics arm, Cainiao, opened a central hub for European sales in Belgium.
Alibaba pledges overseas e-commerce focus as its China growth slows
Earlier this month, Alibaba Group Holding Ltd restructured its e-commerce business into separate China and international divisions, with the latter to be led by Jiang Fan, head of Alibaba's flagship Taobao and Tmall marketplaces
China's Alibaba sets $100 billion target for Southeast Asian e-commerce division
Chinese e-commerce giant Alibaba has set a target for gross merchandise volume of $100 billion in gross merchandise volume (GMV), the total sum of purchasing transactions, for its Southeast Asian marketplace Lazada.
Alibaba appoints new CFO, reshuffles e-commerce businesses
China's largest e-commerce group Alibaba is appointing a new chief financial officer and reorganizing its e-commerce businesses amid a regulatory crackdown in the technology industry.
Alibaba overhauls ecommerce businesses, appoints new CFO
Alibaba said it would form two new units to house its main ecommerce businesses - international digital commerce and China digital commerce, in a bid to become more agile and accelerate growth.
China's esports powerhouse status undermined by tough new gaming rules for under 18s
China is the world's biggest esports market with an estimated 5,000-plus teams, but the government's tough new rules aimed at curbing gaming addiction are set to make careers like Zhang's hard to emulate.
Alibaba’s Singles’ Day smashes previous records, clocks $38.37 billion in sales
The retail e-commerce giant with a networth of $486 billion has clocked a staggering amount in sales this year. Amidst a trade war with the US, American brands such as Apple, Nike and Estée Lauder included the list of brands that surpassed 100 million Yuan within an hour of the sale on Monday.
Rajnath Singh visits Chinese Public Security University
Singh met Fan Jingyu, the ruling Communist Party of China's Secretary of the University unit and discussed issues relating to training of the police officers, official source said.
What stock slump? Central bankers eyeing tighter monetary policy
US central bankers signaled expansion enjoying “substantial underlying economic momentum."
China to ease long-standing one-child policy
China today formally endorsed an easing of the country's strict family planning policy to allow couples to have two children if either parent has no siblings.
China's present economic challenges are similar to what it faced in 1998
Looking at China, one might imagine the 15 yrs separating Zhu’s inauguration as Chinese premier in March'98 & Keqiang’s this March never happened.
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