Alibaba Archives - Pandaily

ByteDance’s Zhang Yiming Becomes the First Self-Made Chinese Billionaire Born in the ’80s

Pandaily — Tue, 29 Oct 2024 08:21:57 +0000

Zhang Yiming, the 41-year-old founder of ByteDance, increased his wealth by 105 billion yuan from last year, becoming China's richest person for the first time with 350 billion yuan.

Alibaba’s Translation Large Model “Marco”Achieves Large-Scale Commercial Use

Pandaily — Wed, 16 Oct 2024 09:05:15 +0000

One of the key strengths of the Marco model is its ability to provide precise translations based on context, driven by a large language model. This approach avoids the pitfalls of literal translations that can often result in laughable ambiguities.

Alibaba Cloud’s Singapore Node Suffers Network Disruption Due to Data Center Fire

Pandaily — Tue, 10 Sep 2024 14:57:54 +0000

Alibaba Cloud's Singapore node experienced a network disruption earlier on September 10, a situation prompted by a fire outbreak in the data center.

Cainiao Launches L4 Autonomous Vehicles for Large-Scale Delivery

Pandaily — Tue, 10 Sep 2024 08:03:26 +0000

Cainiao currently manages over 800,000 square meters of overseas warehouses across 18 countries and regions.

Alibaba.com: When Global Sourcing Enters the AI Era

Pandaily — Mon, 09 Sep 2024 06:50:33 +0000

Alibaba.com placed a clear and heightened emphasis on AI in its 2024 Co-Create conference in Las Vegas, providing innovative tools to connect both buyers and sellers across the world.

Alibaba Concludes Three-Year “Rectification” Process, States it as a “New Starting Point for Development”

Pandaily — Fri, 30 Aug 2024 10:14:10 +0000

On August 30, China's market regulation authorities issued a statement announcing that Alibaba Group has successfully completed a three-year rectification process, "achieving positive results".

Alibaba Transforms into a Dual Primary Listing in Hong Kong

Pandaily — Fri, 23 Aug 2024 01:37:41 +0000

On August 23, Alibaba declared its voluntary transition from a secondary to a primary listing on the Hong Kong Stock Exchange, effective from August 28, 2024.

Alibaba’s FY2024 ESG Report Highlights 5% Cut in Greenhouse Gas Emissions

Pandaily — Mon, 22 Jul 2024 11:12:23 +0000

Alibaba Group CEO Eddie Wu emphasized that ESG activities have been a defining part of Alibaba's identity since its inception 25 years ago.

Alibaba Chairman Joseph Tsai: Granting More Autonomy to Enhance Decision-Making Efficiency

Pandaily — Mon, 03 Jun 2024 02:42:05 +0000

Alibaba underwent a major reorganization last year, mainly hoping to ensure faster and more efficient decision-making, and therefore granted more autonomy to business team leaders.

AliExpress Ramps Up Overseas Investment, Contributes to Alibaba International’s 45% YoY Revenue Surge in March Quarter

Pandaily — Thu, 16 May 2024 12:00:00 +0000

In the previous financial quarter, Alibaba International reported a substantial 45% year-on-year revenue increase, largely driven by the expansion of its cross-border operations, notably through the AliExpress' Choice service.

Hou Yi and Daniel Zhang Jointly Buying Freshippo Is Not True

Pandaily — Mon, 22 Apr 2024 08:50:22 +0000

The founder of Freshippo Hou Yi and former CEO of Alibaba Daniel Zhang's joint purchase of Freshippo for $2 billion is fake news.

Jack Ma Praises Alibaba’s Reform and Innovation Journey in Internal Letter

Pandaily — Wed, 10 Apr 2024 03:39:54 +0000

Despite facing skepticism and pressures both internally and externally, Jack Ma underscored that the journey of reform and innovation is often met with resistance rather than applause.

Alipay: March Inbound Payment Consumption Increased Tenfold Year-On-Year

Pandaily — Mon, 01 Apr 2024 05:47:25 +0000

In March 2024, the cumulative transaction amount of overseas guests using Alipay in China increased nearly tenfold compared to March last year.

Alibaba’s Cainiao Withdraws IPO Application and Sells Shares to Alibaba Group

Pandaily — Tue, 26 Mar 2024 15:11:07 +0000

Cainiao has withdrawn its IPO application, and plans to sell all its issued shares to Alibaba Group at a price of up to 3.75 billion USD

Alibaba Responds to Selling Bilibili ADR: Based on Capital Management Goals

Pandaily — Mon, 25 Mar 2024 06:31:37 +0000

Alibaba responds to the news of selling Bilibili ADR: Based on Alibaba's own capital management goals, it does not affect the business cooperation between both parties.

China’s Leading FMCG B2B Platform Alibaba LST Is Making Business Adjustments

Pandaily — Fri, 22 Mar 2024 08:55:33 +0000

Alibaba LST is not shutting down or merging with 1688. It is currently making business adjustments based on market demand, aiming to better serve its users.

Former Alibaba CEO Daniel Zhang Joins Firstred Capital

Pandaily — Thu, 21 Mar 2024 04:59:36 +0000

The former Chairman and CEO of Alibaba Group, is set to join Firstred Capital as a managing partner.

Alibaba Plans to Reduce Its Stake in XPeng Motors, Worth about $3.14 Billion

Pandaily — Thu, 21 Mar 2024 03:16:32 +0000

Alibaba reduced its holdings of XPeng Motors' ADS worth approximately $314 million after terminating the director appointment agreement with the company.

Ant Group Announces Organizational Restructuring; Cyril Han Appointed as President

Pandaily — Tue, 19 Mar 2024 15:43:03 +0000

Cyril Han will become the President of Ant Group, fully responsible for digital payment, digital interconnection, and digital finance businesses, reporting to Chairman and CEO Jing Xiandong.

2024 Alibaba Global Mathematics Competition Commences, Open to AI for the First Time

Pandaily — Thu, 14 Mar 2024 05:04:24 +0000

The Alibaba Global Mathematics Competition, co-hosted by Alibaba Public Welfare and Damo Academy, is known for its no registration threshold and full of fun.

Startup Company MiniMax Completes Series B Funding, Doubling Its Valuation

Pandaily — Thu, 07 Mar 2024 13:45:17 +0000

Startup company MiniMax completes round B financing, led by Alibaba, with a doubled valuation in the new round.

Alibaba Is Developing An AI E-Commerce Product Called ‘Huiwa’

Pandaily — Tue, 05 Mar 2024 06:08:35 +0000

Alibaba has established an AI e-commerce team and is currently developing an AI e-commerce product called 'Huiwa' for merchants and influencers.

Alibaba Leads Funding for Large-Scale Model Startup MiniMax

Pandaily — Tue, 05 Mar 2024 06:00:47 +0000

The large-scale model startup project MiniMax is undergoing a new round of major financing, with Alibaba as the core lead investor.

Chairman of Alibaba’s Local Life Group, Yu Yongfu, to Step Down from His Management Role

Pandaily — Fri, 01 Mar 2024 10:42:30 +0000

Alibaba Group announced on March 1 that Yu Yongfu, Chairman of the Local Life Group and CEO of Ele.me, will step down from his management roles by the end of the current fiscal year.

Alibaba Has Developed An AI-Generated Video Model “EMO”

Pandaily — Thu, 29 Feb 2024 07:47:43 +0000

Alibaba recently launched a new AI image-audio-video model technology EMO, officially referred to as "an expressive audio-driven portrait video generation framework".

Ant Group Launches Multimodal Remote Sensing Model “SkySense”

Pandaily — Wed, 28 Feb 2024 17:33:00 +0000

SkySense can be used for terrain, crop observation, interpretation, and effectively assist agricultural production and management.

Alipay Expands Focus to Content and Social Networking, Recruits Talent from Competitors

Pandaily — Fri, 23 Feb 2024 14:49:46 +0000

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.

Taobao Sets Up Live E-commerce Company

Pandaily — Wed, 21 Feb 2024 09:09:22 +0000

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.

CEO Jiang Fan Outlines Future Strategies as Alibaba International Exhibits Steady Growth Driven by AliExpress in December Quarter, 2023

Pandaily — Tue, 13 Feb 2024 03:04:01 +0000

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 Will Gradually Withdraw from Traditional Brick-and-Mortar Retail Industry

Pandaily — Thu, 08 Feb 2024 04:16:38 +0000

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 Considers Selling Intime Retail in Strategic Shift

Pandaily — Thu, 01 Feb 2024 14:45:15 +0000

Alibaba Group is reportedly contemplating the sale of its retail subsidiary, Intime Retail, as part of a broader strategic reassessment.

Alibaba Cloud Launches New AI and Big Data Products, Establishes Damo Academy in Shanghai

Pandaily — Wed, 31 Jan 2024 13:37:02 +0000

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 Confirms Major Share Accumulation by Jack Ma and Blue Pool Fund, Stock Soars

Pandaily — Wed, 24 Jan 2024 01:51:46 +0000

Alibaba has been one of the Chinese internet companies that has been most aggressively repurchasing its shares in the past year.

ByteDance in Talks to Acquire Ele.me, Acquisition Denied by Ele.me

Pandaily — Mon, 15 Jan 2024 09:25:46 +0000

ByteDance is reportedly negotiating to acquire Alibaba's food delivery platform Ele.me. Ele.me denied the "rumor" on Monday.

Alibaba’s Logistics Arm Cainiao Launches Parcel Forwarding Services in the US

Pandaily — Tue, 09 Jan 2024 19:18:00 +0000

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.

Alibaba CEO Eddie Wu Announced Major Organizational Restructuring at Taobao&Tmall Group

Pandaily — Fri, 22 Dec 2023 13:18:35 +0000

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 Sells Part of Xpeng Stake, Reducing Shareholding to 7.5%

Pandaily — Mon, 18 Dec 2023 12:09:37 +0000

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%.

Alibaba Invests $634 Million in Lazada

Pandaily — Wed, 13 Dec 2023 14:13:45 +0000

Southeast Asian e-commerce giant Lazada has received an additional investment of $634 million from its parent company, Alibaba Group.

Richard Liu: JD.com’s Organization Is Bloated and Inefficient, It Must Change

Pandaily — Mon, 11 Dec 2023 02:18:29 +0000

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.

“Jack Ma did not sell a single share”, Clarified Alibaba Partner

Pandaily — Wed, 22 Nov 2023 06:41:55 +0000

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."

Cainiao IPO Is Proceeding As Usual

Pandaily — Tue, 21 Nov 2023 08:52:53 +0000

Although Cloud Intelligence Group has halted its spin-off and Freshippo's IPO plan has been postponed, Cainiao's IPO is proceeding as planned.

Jiang Fan: Alibaba International Continues Rapid Growth Despite Uncertain International Market Environment

Pandaily — Mon, 20 Nov 2023 12:23:02 +0000

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.

Alibaba Denies the Rumor of ‘Laying Off 25,000 Employees’

Pandaily — Mon, 20 Nov 2023 02:55:57 +0000

On November 19th, Alibaba clarified that 'the rumors of layoffs are false.' And Alibaba has reported to the police regarding these rumors.

Alibaba’s First Batch of Strategic Innovative Businesses: 1688, Xianyu, DingTalk, Quark

Pandaily — Fri, 17 Nov 2023 08:49:55 +0000

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.

Another System Breakdown of Alibaba Cloud

Pandaily — Mon, 13 Nov 2023 01:50:56 +0000

On Sunday evening, Alibaba Cloud experienced a system breakdown, the second time since December, 2022, affecting many products.

BEST Inc. Receives Acquisition Offer from Buyer Consortium Including Alibaba and Cainiao

Pandaily — Wed, 08 Nov 2023 14:05:54 +0000

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.

Alibaba Cloud Unveils New Services to Solve Generative AI Development Issues

Pandaily — Tue, 26 Sep 2023 11:05:47 +0000

On September 26, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced a range of innovative AI products and services at the 2023 Alibaba Cloud Global Summit.

Joseph Tsai Officially Becomes the Chairman of Alibaba

Pandaily — Mon, 11 Sep 2023 05:04:34 +0000

On September 10th, Joseph Tsai has taken over as Chairman of Alibaba, while Eddie Wu assumes the role of CEO.

Taobao AI model ‘Taobao Wenwen’ Is in Internal Testing

Pandaily — Mon, 11 Sep 2023 04:55:05 +0000

The Taobao AI large-scale model 'Taobao Wenwen' is currently undergoing internal testing.

Amap’s “World Map” Goes Live

Pandaily — Mon, 04 Sep 2023 03:31:13 +0000

Recently, at the departure ceremony of the "Belt and Road Global Journey" international segment, Amap announced the official launch of its product "World Map".

Alibaba International Surpasses Expectations: Earnings Report Reveals Impressive Growth under Jiang Fan

Pandaily — Wed, 16 Aug 2023 14:30:16 +0000

On August 10, Alibaba Group released its financial report for the three months ended June 30, 2023, delivering a solid quarter marked by revenue of $32 billion, representing a year-on-year growth of 14%.

Alibaba Cloud Open Sources Tongyi Qianwen with 7 Billion Parameter Model

Pandaily — Thu, 03 Aug 2023 10:35:58 +0000

August 3rd news, today Alibaba Cloud open-sourced the Qwen-7B and Qwen-7B-Chat models with a total of 7 billion parameters. Both models are general-purpose and conversational models, and they are open-source, free, and available for commercial use.

Jack Ma Has Recently Been Teaching at A University in Tokyo

Pandaily — Sat, 17 Jun 2023 09:22:27 +0000

On June 15th local time, J. Michael Evans, the President of Alibaba Group, a giant e-commerce company, stated that Alibaba Group is focused on establishing local businesses and online platforms outside of China and will prioritize development in Europe.

Alibaba’s Cainiao Responds to Rumors of Raising $2 billion and IPO in Hong Kong

Pandaily — Mon, 08 May 2023 06:46:37 +0000

Recently, news of Cainiao's listing in Hong Kong has once again surfaced. The news states that Alibaba's logistics subsidiary, Cainiao, plans to IPO in Hong Kong in early 2024 and aims to raise $2 billion.

Alibaba Cloud Announces the Largest Price Reduction in Its History

Pandaily — Wed, 26 Apr 2023 07:05:32 +0000

On April 26th, Alibaba Cloud announced the largest price reduction in history. The prices of core products have been reduced by 15% to 50%, and the highest discount for storage products is up to 50%.

DingTalk Launches Intelligent Features Based on Alibaba’s Tongyi Qianwen

Pandaily — Tue, 18 Apr 2023 07:18:56 +0000

On April 18th, DingTalk's president Ye Jun announced at the 2023 Spring Summit that DingTalk has officially launched intelligent capabilities based on Alibaba's Tongyi Qianwen large model. Users can activate more than ten AI capabilities by typing a slash symbol (/).

Alibaba Cloud’s “Tongyi Qianwen” Invites Testing

Pandaily — Fri, 07 Apr 2023 08:14:40 +0000

On April 7th, Alibaba Cloud announced that the large-scale model "Tongyi Qianwen" has started inviting testing.

Alibaba’s Version of ChatGPT Expects to Release Next Week

Pandaily — Tue, 04 Apr 2023 13:14:30 +0000

"Alibaba will launch a large-scale model on the 11th and an industry application model on the 18th." According to insiders, Alibaba's large-scale model will be officially launched at the 2023 Alibaba Cloud Summit, followed by various types of industry application models.

Former Leader of Alibaba M6 Joins ByteDance AI Lab

Pandaily — Wed, 22 Mar 2023 09:25:05 +0000

Yang Hongxia, the former leader of Alibaba's M6 model, left her post at the Alibaba DAMO Academy Intelligent Computing Lab in September last year for personal and family reasons, and has now joined ByteDance's AI Lab (Artificial Intelligence Lab) to participate in the R&D of language generation model.

Chinese E-commerce Accounts Take Top Three Shopping Spots in Spain

Pandaily — Mon, 20 Mar 2023 09:46:15 +0000

n March 20th, data.ai, a well-known third-party data provider, published the download list of Spanish e-commerce apps, and those from China occupied the top three spots. Among them, Miravia and AliExpress, Alibaba's two major overseas businesses, are first and third respectively.

China Top Five Buyers Expect to Increase Six Times More on Green Energy Consumption This Year

Pandaily — Tue, 20 Sep 2022 13:03:53 +0000

Chinese tech giants Alibaba is among the leading green energy buyers, ranking the second in the list for all Chinese companies, according to a ranking list of top buyers and sellers by research provider BloombergNEF last week.

Custom Alibaba Sans Typeface Available For Free Use in 178 Languages

Pandaily — Tue, 16 Aug 2022 14:45:31 +0000

Chinese tech giant Alibaba debuted a new version of its custom Alibaba Sans typeface in traditional Chinese, Japanese, and Korean scripts. The typeface will be freely available for general use.

कस्टम अलीबाबा फ़ॉन्टलेस, 178 भाषाओं में मुफ्त

Pandaily — Tue, 16 Aug 2022 14:45:31 +0000

चीनी प्रौद्योगिकी दिग्गजअलीबाबापहली बार अपने कस्टम नए संस्करण को लॉन्च कियाअलीबाबापारंपरिक चीनी, जापानी और कोरियाई में कोई फ़ॉन्ट नहीं हैं। यह फ़ॉन्ट सामान्य उपयोग के लिए मुफ्त होगा।

ਕਸਟਮ ਅਲੀਬਾਬਾ ਫੌਂਟ, 178 ਭਾਸ਼ਾਵਾਂ ਦੀ ਮੁਫਤ ਵਰਤੋਂ

Pandaily — Tue, 16 Aug 2022 14:45:31 +0000

ਚੀਨੀ ਤਕਨਾਲੋਜੀ ਕੰਪਨੀਅਲੀਬਾਬਾਪਹਿਲੀ ਵਾਰ ਆਪਣੇ ਕਸਟਮ ਨਵੇਂ ਸੰਸਕਰਣ ਦੀ ਸ਼ੁਰੂਆਤ ਕੀਤੀਅਲੀਬਾਬਾਰਵਾਇਤੀ ਚੀਨੀ, ਜਾਪਾਨੀ ਅਤੇ ਕੋਰੀਆਈ ਵਿੱਚ ਕੋਈ ਫੌਂਟ ਨਹੀਂ ਹੈ. ਫੌਂਟ ਆਮ ਵਰਤੋਂ ਲਈ ਮੁਫ਼ਤ ਹੋਵੇਗਾ.

কাস্টম আলিবাবা কোন ফন্ট নেই এবং 178 টি ভাষায় বিনামূল্যে পাওয়া যায়

Pandaily — Tue, 16 Aug 2022 14:45:31 +0000

চীনা প্রযুক্তি দৈত্যআলিবাবাতার কাস্টম নতুন সংস্করণ প্রথম চালুআলিবাবাঐতিহ্যবাহী চীনা, জাপানি এবং কোরিয়ান ভাষায় কোন ফন্ট নেই। এই ফন্ট সাধারণ ব্যবহারের জন্য বিনামূল্যে হবে।

စိတ်ကြိုက် Alibaba Fontless, 178 ဘာသာစကား များအတွက် အခမဲ့

Pandaily — Tue, 16 Aug 2022 14:45:31 +0000

တရုတ် နည်းပညာ ကုမ္ပဏီကြီးအလီ ဘာ ဘာပထမဆုံးအကြိမ်အဖြစ် ၎င်း၏ စိတ်ကြိုက် ဗားရှင်း အသစ် ကိုစတင် ခဲ့သည်အလီ ဘာ ဘာရိုးရာတရုတ် ၊ ဂျပန် နှင့် ကိုရီးယား တို့တွင် ဖော င့် မရှိပါ။ ယေဘူယျ အသုံးပြုရန် အတွက် ဖော င့် သည် အခမဲ့ ဖြစ်သည်။

अलिबाबा कुनै फन्टका अनुकूलन पछि, 178 भाषाहरूमा निःशुल्क प्रयोग गर्न सकिन्छ

Pandaily — Tue, 16 Aug 2022 14:45:31 +0000

चीन विज्ञान र प्रविधि विशालअलिबाबापहिलो पटक यसको अनुकूलन नयाँ संस्करण परिचयअलिबाबापरम्परागत चिनियाँ, जापानी र कोरियाली कुनै फन्टहरूमा परम्परागत चिनियाँ, जापानी र ह्यान वेजमा। फन्टहरू सामान्य प्रयोगको लागि निःशुल्क हुनेछ।

Pasadyang Alibaba nang walang font, libre sa 178 na wika

Pandaily — Tue, 16 Aug 2022 14:45:31 +0000

Giant tech na TsinoAlibabaInilunsad ang pasadyang bagong bersyon sa unang pagkakataonAlibabaWalang mga font sa tradisyonal na Tsino, Hapon at Koreano. Ang font na ito ay libre para sa pangkalahatang paggamit.

Custom Alibaba tanpa fon, percuma dalam 178 bahasa

Pandaily — Tue, 16 Aug 2022 14:45:31 +0000

Gergasi teknologi CinaAlibabaPelancaran pertama versi baru tersuaiAlibabaTidak ada fon dalam bahasa Cina tradisional, Jepun dan Korea. Fon ini akan percuma untuk kegunaan umum.

Alibaba kustom tanpa font, gratis dalam 178 bahasa

Pandaily — Tue, 16 Aug 2022 14:45:31 +0000

Raksasa teknologi ChinaAlibabaMeluncurkan versi baru kustom untuk pertama kalinyaAlibabaTidak ada font dalam bahasa Cina tradisional, Jepang, dan Korea. Font ini akan gratis untuk penggunaan umum.

Alibaba แบบอักษรที่กำหนดเองไม่มี 178 ภาษาฟรี

Pandaily — Tue, 16 Aug 2022 14:45:31 +0000

ยักษ์ใหญ่ด้านเทคโนโลยีของจีนอาลีบาบาเปิดตัวเวอร์ชันใหม่ที่กำหนดเองเป็นครั้งแรกอาลีบาบาไม่มีแบบอักษรในภาษาจีนดั้งเดิมญี่ปุ่นและเกาหลี แบบอักษรนี้จะฟรีสำหรับการใช้งานทั่วไป

Alibaba Cloud Launches Third Data Center in Germany

Pandaily — Tue, 17 May 2022 10:56:50 +0000

Alibaba Cloud, a cloud computing services provider owned by Chinese internet giant Alibaba Group, announced on Tuesday that it has added a new data center in Frankfurt, Germany.

Alibaba Tests Youth Trend-Oriented Social E-Commerce App Taibang

Pandaily — Thu, 31 Mar 2022 11:33:25 +0000

Global tech firm Alibaba is testing an app called "Taibang", a social e-commerce community focused on trendy youth culture.

China VC Weekly: Chassis, 3D Vision, Autonomous Driving and More

Pandaily — Thu, 31 Mar 2022 07:34:59 +0000

In last week’s VC news, EV chassis maker PIX completes pre-A round from an undisclosed investor, prominent autonomous driving firm WeRide closes massive $400 million fundraising and more.

Alibaba’s DingTalk to Accelerate Commercialization

Pandaily — Tue, 22 Mar 2022 09:19:00 +0000

At the 2022 DingTalk Product Launch Conference held on Tuesday, Ye Jun, President of DingTalk, announced that the company would initiate various commercialization efforts.

Alibaba’s DingTalk Acquires PaaS Firm Pano

Pandaily — Fri, 18 Mar 2022 08:46:22 +0000

DingTalk, an office tool created by Chinese tech giant Alibaba, has completed the acquisition of a real-time audio and video platform-as-a-service (PaaS) provider called Pano.

Alipay Reduced Fees for SMEs by Nearly $786M in Past Six Months

Pandaily — Mon, 14 Mar 2022 11:49:00 +0000

Chinese third-party mobile and online payment platform Alipay released new data claiming that it has reduced the operating costs of small and medium-sized businesses by nearly 5 billion yuan in the past six months.

Alibaba to Start Massive Layoffs, Sources Say

Pandaily — Mon, 14 Mar 2022 04:35:31 +0000

Alibaba's MMC business unit is planning to sever ties with many employees, while the proportion of layoffs in this round will stand at roughly 20%.

E-Commerce Platform Kicks Crew Lands $6M in Round A Financing

Pandaily — Thu, 10 Mar 2022 10:36:25 +0000

Kicks Crew, an e-commerce platform featuring sneakers and apparel, recently completed an A round of financing worth $6 million.

Douyin E-Commerce Launches Douke to Increase User Traffic

Pandaily — Tue, 08 Mar 2022 10:18:52 +0000

Douyin E-Commerce, the online shopping arm of the Chinese mainland version of TikTok, has launched testing for a new tool called Douke to attract more user traffic.

Cainiao Global Partners With Shoplazza to Launch Customized Logistics Services