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Alibaba News

Alibaba's shares surge as Jack Ma reappears

Bejing - Shares in internet giant Alibaba soared more than eight percent Wednesday after billionaire founder Jack Ma made his first public appearance since November, ending weeks of speculation about his whereabouts after the company took a kicking from Chinese...

Alibaba's Jack Ma appears for first time since regulatory crackdown

Bejing - Jack Ma, the billionaire founder of Chinese internet behemoth Alibaba, made his first public appearance in over two months in an online video Wednesday, ending weeks of speculation about his whereabouts.

China's Alibaba 'dismayed' by Uighur facial-recognition software

Shanghai - Chinese tech giant Alibaba has sought to distance itself from a face-recognition software feature devised by its cloud computing unit that could help users to identify members of the country's Muslim Uighur minority.

Alibaba eyes $12.9 bn Hong Kong IPO after setting price

Fpo - Chinese online retail titan Alibaba said Wednesday it could raise almost $13 billion in Hong Kong's biggest IPO for nearly a decade after announcing the pricing of its shares for the mega sale.

Chinese consumers smash 'Singles' Day' shopping record

Shanghai - Chinese shoppers set new records for spending during the annual "Singles' Day" buying spree despite an economic slowdown and worries over the US trade war, with state media calling it a sign of China's rising economic strength.

What slowdown? Chinese shoppers set new 'Singles' Day' spending record

Shanghai - Chinese consumers spent a record amount on Alibaba platforms Monday during the annual "Singles' Day" buying spree, the world's biggest 24-hour shopping event, which kicked off this year with a glitzy show by US singer Taylor Swift.

What slowdown? Chinese spend big in 'Singles' Day' shopping spree

Shanghai - Chinese consumers closed in on a new spending record Monday during the annual "Singles' Day" frenzy, the world's biggest 24-hour shopping event, which kicked off this year with a glitzy show by US megastar Taylor Swift.

Jack Ma, China's richest man, is a Communist Party member

Bejing - Jack Ma, founder of Chinese tech giant Alibaba, is among the world's richest people but he has now emerged as a member of another club: China's 89-million-strong Communist Party.

Alibaba revenue jumps ahead of shopping bonanza Singles Day

Bejing - Chinese e-commerce giant Alibaba Friday posted a 54 percent boost in revenue in the second quarter and saw profits rebound ahead of Singles Day, the largest shopping holiday of the year in China.Alibaba reported a net profit of 20 billion yuan ($2.

Alibaba, Russian tech firm Mail.ru to launch new venture

Vladivostok - Chinese e-commerce giant Alibaba and Russian technology group Mail.ru on Tuesday announced a deal to launch a joint venture in Russia and former Soviet countries.

Alibaba founder Jack Ma to step down in 2019, pledges 'smooth transition'

Shanghai - Alibaba co-founder Jack Ma announced on Monday he would step down as leader of the pioneering Chinese e-commerce giant in one year, but insisted that a planned leadership transition would not break the company's stride.

Jack Ma to unveil succession plans, not imminent retirement: SCMP

Bejing - Alibaba co-founder and chairman Jack Ma will unveil a succession plan on Monday, the South China Morning Post reported Sunday, with a company spokesman denying a New York Times report that he would retire that day.

Alibaba defies market predictions and shows big growth

Leading social media sites saw unimpressive results during August 2018. These wobbles did not impact on Chinese firm Alibaba. Defying market forecasts, the ecommerce firm recorded 61 percent annual revenue growth.

Starbucks forges partnership with Alibaba for delivery services

Starbucks joins with Alibaba Group to deliver its coffee in Chinese cities beginning this fall. The company hopes the move will revive the growth of sales in its second largest market where it faces aggressive local competition.

What does Alibaba's new AI copywriter mean for advertising?

Earlier this week, Alibaba debuted their new artificial intelligence-backed copywriting tool that — with the literal click of a button — can produce thousands of ads every second. What does this mean for the advertising industry?

Ford and Alibaba partner to open 'car vending machine' in China

Car shoppers in Guangzhou, China now have the ability to buy or try a car using a smartphone app and a car vending machine. The facility came out of a partnership signed two years ago between Ford Motors and Alibaba.

Amazon and Alibaba compete for global market dominance

Amazon and Alibaba together are the largest e-commerce companies on the globe. Together, their market cap is a whopping $1.1 trillion — and both are competing to expand their global reach.

Op-Ed: Alibaba's AI software beats humans at reading comprehension

An AI program by China's Alibaba Holdings based on a deep neural network model has scored higher than humans in a reading comprehension test. As a result, bots may be developed to replace humans employed in customer service positions.

China's Ant Financial drops MoneyGram deal as US approval fails

Bejing - Ant Financial, an affiliate of Chinese internet titan Alibaba, has been forced to abandon a $1.2 billion deal to buy US remittances firm MoneyGram after failing to get approval from regulators in Washington.

Chinese consumers spend billions in 'Singles Day' shopping binge

Shanghai - China's smartphone-wielding masses unleashed billions of dollars in e-commerce spending Saturday as they rushed to snap up bargains on "Singles Day", billed as the world's biggest one-day online shopping festival.

In China's e-commerce boom, it takes a village

Xuzhou - Workers wielding screeching hand-held wood sanders toil overtime in Cheng Huaibao's bunk bed factory, rushing to prepare for the wave of orders about to break on manufacturing businesses like his across China.

Alibaba to invest $15 billion in cutting edge technology

Hangzhou - The Chinese giant firm Alibaba has announced that it will invest $15 billion over the next three years into cutting edge technology including artificial intelligence (AI) and quantum computing.

Alibaba profit nearly doubles on robust revenues

Shanghai - Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing.

Alibaba quarterly profits almost double to $1.55 bn

Bejing - Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping.

Chinese spend billions on Singles' Day

Chinese shoppers unleashed a record deluge of cash online for Singles Day on Friday, Alibaba said, spending almost $18 billion with the e-commerce giant in the world's biggest online shopping promotion.

Op-Ed: Pay for your groceries with a selfie? Amazon is patenting it

Sydney - This could be a great idea, or a gift for every Photoshop-inclined criminal hacker on Earth. The theory is that instead of passwords, you use a picture of yourself to pay for things. The logic takes a bit of getting used to.

Yahoo to spin off everything except its stake in Alibaba

Yahoo has changed its mind and will not spin off its stake in Alibaba. Instead, Yahoo will spin off its core Internet business.

Jack Ma's South China Morning Post takeover a double-edged sword

Hong Kong - Chinese Internet tycoon Jack Ma's mooted buyout of Hong Kong's struggling South China Morning Post could see the paper prosper from his Midas touch, analysts say, but also further erode its independence and with it the city's press freedoms.

Op-Ed: Show me the data — Financial review

And the IMF has a point. The Fed may be anxious to raise rates but for all their talk they haven’t rolled out the data to back that position.

Op-Ed: Black Monday's 28th anniversary

Twenty-eight years ago Monday, the Dow Jones Industrial Average crashed; a one day loss of 508 points, or 22.6 percent, down to 1,738 on what is now referred to as Black Monday. It was by far the largest one-day percentage drop in US stock market history.
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TECH GIANT: Photo shows Alibaba Group headquarters in Hangzhou  China.
TECH GIANT: Photo shows Alibaba Group headquarters in Hangzhou, China.
Thomas Lombard / Wikimedia Commons (CC BY-SA 3.0)

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