Alibaba

Alibaba to pay $433.5 million to settle shareholder lawsuit over monopoly claims

The lawsuit, filed in 2020, alleged that Alibaba claimed it did not violate anti-monopoly or unfair competition laws, despite requiring merchants to choose only one distribution platform.

26 October 2024, 05:34 IST

Alibaba to pay $433.5 million to settle shareholder lawsuit over monopoly claims

26 October 2024, 05:34 IST

Alibaba's AliExpress recruits Beckham to 'score more' global sales

A low-key cross-border player until recently, Alibaba is now investing aggressively to boost global sales as domestic e-commerce growth wanes. Its international division, which includes AliExpress, is its fastest growing unit with revenues surging 45% year on year over January to March.

27 May 2024, 09:12 IST

Alibaba's AliExpress recruits Beckham to 'score more' global sales

27 May 2024, 09:12 IST

Chinese tech giants slash prices of language models used to power AI chatbots

Many Chinese cloud vendors have relied on AI chatbot services to boost sales, after China saw a wave of investment in large language models in response to the hit debut of US-based OpenAI's ChatGPT in late 2022.

21 May 2024, 11:20 IST

Chinese tech giants slash prices of language models used to power AI chatbots

21 May 2024, 11:20 IST

China's Alibaba beats quarterly revenue estimates

The company reported revenue of 221.87 billion yuan ($30.66 billion)in the three months ended March 31, compared with a consensus estimate of 219.66 billion yuan, according to LSEG data.

14 May 2024, 11:07 IST

China's Alibaba beats quarterly revenue estimates

14 May 2024, 11:07 IST

Alibaba founder Jack Ma steps out from shadows with long internal post

Ma, China's best-known tech entrepreneur, publicly criticised Chinese regulators in a speech in October 2020, derailing a massive listing by fintech company Ant Group, which he also founded.

10 April 2024, 04:44 IST

Alibaba founder Jack Ma steps out from shadows with long internal post

10 April 2024, 04:44 IST

Alibaba makes second biggest ever quarterly share repurchase worth $4.8 bln

The company had raised its share buyback plan by another $25 billion in a bid to appease investors concerned over its growth prospects as it faces new market rivals such as PDD.

02 April 2024, 15:57 IST

Alibaba makes second biggest ever quarterly share repurchase worth $4.8 bln

02 April 2024, 15:57 IST

Alibaba groceries arm Freshippo CEO to retire, to be replaced by CFO

The leadership reshuffle at Freshippo is the latest one at e-commerce giant Alibaba Group, which has seen a number of its senior leaders depart or move into new roles as the company undergoes a restructuring and strategy rethink.

18 March 2024, 11:19 IST

Alibaba groceries arm Freshippo CEO to retire, to be replaced by CFO

18 March 2024, 11:19 IST

Alibaba Cloud announces steep price cut in race for AI customers

Canalys analyst Zhang Yi said Alibaba's discount campaign will likely push its competitors to lower prices as well.

29 February 2024, 10:33 IST

Alibaba Cloud announces steep price cut in race for AI customers

29 February 2024, 10:33 IST

Alibaba's research arm shuts quantum computing lab amid restructuring

A spokesperson for Alibaba's DAMO Academy, Alibaba's in-house research initiative which included the lab, said the academy would continue to focus on technology research with the aim of being a leader in artificial intelligence (AI) research.

27 November 2023, 12:24 IST

Alibaba's research arm shuts quantum computing lab amid restructuring

27 November 2023, 12:24 IST

China's Singles Day sales festival wraps up with e-commerce giants reporting sales growth

This year marked the second time Alibaba has not disclosed the actual yuan value of its sales for its landmark festival, which this year celebrated its 15th anniversary.

12 November 2023, 03:45 IST

China's Singles Day sales festival wraps up with e-commerce giants reporting sales growth

12 November 2023, 03:45 IST