Alipay has been strategically recruiting talent from platforms such as Douyin and Xiaohongshu since last year. The focus has been on roles in operations and advertising to bolster its content strategy.
On February 20th, Taobao announced the establishment of a live e-commerce company to provide fully managed operational services for celebrities, KOLs, and MCN agencies entering Taobao to start live streaming.
On Feburary 7, Alibaba released its financial results for the quarter concluding on December 31, 2023. Alibaba's International Digital Commerce Group (AIDC) largely surpassed expectations, delivering an impressive performance with a 44% year-on-year increase in revenue, and an overall orders growing by 24% year-on-year.
Alibaba is considering exiting non-core traditional brick-and-mortar retail businesses. However, given the current market conditions, it may take time to realize this exit.
Alibaba Group is reportedly contemplating the sale of its retail subsidiary, Intime Retail, as part of a broader strategic reassessment.
Alibaba Cloud unveiled a suite of AI and big data products for international markets at a recent summit in Singapore, aiming to accelerate global AI-driven digital transformation.
Alibaba has been one of the Chinese internet companies that has been most aggressively repurchasing its shares in the past year.
ByteDance is reportedly negotiating to acquire Alibaba's food delivery platform Ele.me. Ele.me denied the "rumor" on Monday.
Cainiao, Alibaba's logistics service, announced today its formal entry into the United States parcel forwarding market, providing e-commerce parcel consolidation services for Chinese communities and student groups across the US.
On December 22, two days after assuming the role of CEO of Taobao and Tmall Group, Eddie Wu announced a major organizational restructuring of the Group.
Alibaba Group announced on December 15th that it has sold a portion of its stake in Xpeng Motors, reducing its shareholding from 10.2% to 7.5%.
Southeast Asian e-commerce giant Lazada has received an additional investment of $634 million from its parent company, Alibaba Group.
On December 9th, Richard Liu, the founder and chairman of JD.com, replied to employee comments on the company's internal network, stating that JD.com must change or there will be no way out.
Regarding the recent rumors of Jack Ma selling a large amount of Alibaba Group stocks, Jiang Fang, a partner and Chief Talent Officer at Alibaba Group, posted on the company's internal network today stating that "Jack Ma did not sell a single share."
Although Cloud Intelligence Group has halted its spin-off and Freshippo's IPO plan has been postponed, Cainiao's IPO is proceeding as planned.
Alibaba released its financial report for the quarter ended September 30. Alibaba International Digital Commerce Group, or Alibaba International, exhibits the fastest growth rate among all six major business groups.
On November 19th, Alibaba clarified that 'the rumors of layoffs are false.' And Alibaba has reported to the police regarding these rumors.
During the quarterly analyst conference call, Eddie Wu clarified Alibaba Group's reform measures and provided a comprehensive introduction to the development strategies and priorities of each business group.
On Sunday evening, Alibaba Cloud experienced a system breakdown, the second time since December, 2022, affecting many products.
On November 7th, BEST Inc. announced that its board of directors had received a preliminary non-binding offer from a buyer consortium consisting of Alibaba, Cainiao, and the company's founder, Zhou Shaoning, to acquire all of the issued ordinary shares.