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Alibaba

Business 5 years ago

Alibaba-backed autonomous car firm AutoX starts driverless testing

AutoX, which is also backed by Dongfeng Motor Group Co Ltd and SAIC Motor Corp Ltd, will have a fleet of 25 driverless vehicles in Shenzhen and five in other cities to test the technology.

Business 5 years ago

Alibaba, JD.com say US was top seller to China during Singles' Day event

This year, companies including Alibaba Group Holding Ltd and JD.com Inc offered promotions over several days, with sales widely interpreted as indicative of China's rebounding post-virus economy.

Business 5 years ago

Single minded: All set in China for world's biggest shopping frenzy

At Alibaba's logistics hub, some 1,000 robots hummed in readiness Tuesday, with an anticipated flood of orders.

Business 5 years ago

China's central bank says Ant's IPO suspension is to safeguard consumer, investor interest

China halted the US$37 billion listing on Tuesday, thwarting the world’s largest stock market debut with just days to go in a dramatic blow to the financial technology and online consumer lending firm founded by billionaire Jack Ma.

Business 5 years ago

Fin or tech? China's Ant, biggest-ever IPO, says it's a tech firm not a bank

A spinoff from billionaire Jack Ma’s Alibaba Group, Ant presents itself as a technology company, while financial regulators suggest the firm remains under their purview.

Business 5 years ago

Garuda adopts Alibaba cloud technology for cost efficiency

By adopting cloud technology, Garuda Indonesia has seen more than a 60 percent improvement in cost efficiency.

Business 5 years ago

Alibaba revenue up 34 percent as coronavirus fuels online spending

Chinese e-commerce leader Alibaba on Thursday reported solid 34 percent growth in revenue for the April-June quarter in the latest sign that the coronavirus, rather than hurting the company, had actually helped.

Business 5 years ago

Alibaba's Jack Ma sells $9.6 billion worth shares, stake dips to 4.8%: filing

Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8 percent from 6.4 percent, cashing out around US$9.6 billion at its current share price, the firm’s annual filing released on Friday showed.

Lifestyle 5 years ago

Skin whitening creams remain online despite mercury findings

Skin-whitening creams identified as containing potentially dangerous levels of mercury continue to be sold online more than seven months after a watchdog group raised the alarm.