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FRESHIPPO
Chinese retailer JD to launch five discount stores as competition intensifiesThe first outlet in Zhuozhou will span 5,000 square metres and will carry everything from detergent to chocolate, with prices intended to b...- Chinese exporters on social media platform Rednote ask local consumers to buy goods meant for USChinese sellers are using social media platform Rednote to sell goods originally intended for the U.S. market at discounted prices, citing ...
- Alibaba approves an additional $25 billion share buyback as its revenue disappointsAlibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analys...
- Alibaba boosts share buyback as revenue misses estimatesAlibaba executives expressed coolness about the near-term potential of IPOs for Cainiao logistics and Freshippo. Alibaba is considering sel...
- Alibaba boosts share buy back as revenues missChina's Alibaba Group Holding on Wednesday missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and ...
- Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market valueAlibaba's concerns over the US export curbs announced by Washington in October come on the heels of similar worries raised this week by Chi...
- Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market valueThe drop, potentially its biggest one-day fall in more than a year, wiped about $20 billion off the Chinese tech giant's market value.
- Alibaba's Hong Kong shares tumble 10% after cloud unit spin-off shelvedThe stock opened down 7.8% and then deepened its loss to 10.3% by mid-morning, heading for its biggest one-day drop in more than a year.
- Alibaba scraps cloud business spin-off citing US chip curbsThe U.S. decision last month to ban the export to China of more chips used in artificial intelligence (AI) has created major uncertainties ...
- Alibaba’s Cainiao plans to raise at least $1 billion in Hong Kong IPO soonThe company is targeting to raise at least $1 billion in the share sale though it’s still early to decide on the valuation, sources said, a...
- How Alibaba's six main new business units stack upAlibaba Group Holding's former CEO, Daniel Zhang, has unexpectedly left the company's cloud computing unit, raising concerns about its spin...
- Alibaba's grocery unit IPO put on ice amid disappointing valuation: reportThe Chinese technology conglomerate has concluded it could likely achieve a valuation of around $4 billion for Freshippo, which is lower th...
- How Chinese tech giant Alibaba's six new business units stack upThe e-commerce giant announced in March it will split into six business units, each with its own CEO and board of directors, and adopt a ho...
- Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go publicThe company in March announced plans to reshape itself into six business divisions with plans to allow all but its core e-commerce business...
- Alibaba’s global online commerce arm weighs a US IPOGlobal online shopping unit includes Lazada, AliExpress, and has been valued by analysts at $39 billion.
- Beijing on edge as city adds new quarantine centersWhile the number of cases and deaths in China is relatively low compared to the U.S. and other countries, the party remains committed to th...
- Alibaba’s grocery chain Freshippo considers funding at $10 billion valueThe separate fundraising raises the prospect that Alibaba may consider spinning off the chain as a separate business, unlocking some of the...
- Alibaba apps start offering WeChat Pay option after government ordersEarlier this month, the ministry of industry and information technology said it had asked internet companies to end a long-standing practic...
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