Latest in Tag: Alibaba Highlight

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Latest in Tag: Alibaba


Who is Alibaba’s next chairman Daniel Zhang?

The founder of Alibaba, Jack Ma, has announced he will step down next year, handing over the reins at the Chinese e-commerce giant to Daniel Zhang — the current chief executive, who some believe will usher in a new era.Alibaba’s charismatic founder-leader, Jack Ma, will officially pass the baton in exactly a year from now …

Deutsche Welle

Google invests in Alibaba rival JD.com

US internet behemoth Google has announced it’s investing half a billion dollars in China’s second-largest e-commerce company, JD.com. The move is meant to expand its retail services around the world.Google said Monday it would invest over $500 million (€431 billion) in Chinese online shopping platform JD.com. The announcement came as the US giant was pushing …

Deutsche Welle

Alibaba sues vendors over counterfeiting

Chinese e-commerce giant Alibaba has filed lawsuits against two vendors for allegedly selling counterfeit goods. The move came after the US put Alibaba’s main platform on its notorious markets blacklist.Alibaba, which had made founder Jack Ma the richest man in China, said Thursday it had sued two Taobao venders for 1.4 million yuan ($200,000, 190,000 …

Deutsche Welle

China’s Singles Day boosts Alibaba business

This year’s edition of Singles Day in China once again is set to become major success for Alibaba and other local online retailers. The buying frenzy is still seen by many as an anti-Valentine’s Day event. Shoppers spent nearly $8 billion (7.4 billion euros) on Alibaba’s platforms in the first 10 hours of China’s Singles …

Deutsche Welle

Alibaba’s Jack Ma to advise Cameron on business

Alibaba founder Jack Ma will join the business advisory group of British Prime Minister David Cameron. As one of China’s top economic figures, Ma is to help the UK secure better access to the Asian country’s market. The British Prime Minister’s office announced Monday that Chinese billionaire and Alibaba CEO Jack Ma would join David …

Deutsche Welle

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