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Alibaba Global E-commerce Challenge names winners
Young talents from universities in China, Spain, and Singapore have emerged as winners of the 2023 Alibaba Global E-commerce Challenge, organized by Alibaba International Digital Commerce Group (AIDC). The competition…
Space Cycle Raises $16M Led by Alibaba Taiwan Entrepreneurs Fund
Space Cycle, the leading premium boutique fitness and active lifestyle brand, announced today that it has closed a RMB100 million ($16 million) Series B round led by Alibaba Taiwan Entrepreneurs…
Ant Financial Expands Global Footprint with MoneyGram Acquisition
Ant Financial, the financial arm of Chinese e-commerce giant Alibaba, is further expanding its global footprint with the acquisition of American money transfer firm MoneyGram for nearly US$900 million. The…
Alibaba Acquires South China Morning Post, To Take Down Paywall
Chinese Internet giant Alibaba Group agreed to buy the media assets of the South China Morning Post (SCMP) Group, including its English language newspaper that has been considered as one…
Alibaba Allows Japanese Shops and Brands to Sell on Tmall
Japanese cosmetics and other goods will soon be sold on Alibaba as the Chinese e-commerce giant signed a collaboration agreement with Yahoo Japan. Under the deal, Alibaba will invite about…
Gucci, Yves Saint Laurent Sue Alibaba Over Counterfeit Goods
NEW YORK – Global luxury brands Gucci, Yves Saint Laurent and other brands owned by Paris-based Kering SA have filed a lawsuit in Manhattan federal court against Alibaba Group Holding,…
Alibaba Names New CEO; Alimama President Also Appointed
SHANGHAI – Alibaba Group Holdings has named Daniel Zhang, the group’s current chief finance officer, as its new Chief Executive officer starting 10 May, replacing Jonathan Liu. Alibaba said Liu,…