Browsing Tag
Alibaba’s
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Alibaba’s Global Headquarters in Hangzhou Is Officially Operational
On May 10, Alibaba Group Holding Limited‘s global headquarters located in Hangzhou Future Sci-Tech City (Xixi C District) was officially put into use. On the same day, Alibaba Beijing Chaoyang Science and Technology Park will also be put into operation. On May 10th, it is also the 20th “Alibaba Day”. On this day every year
Alibaba’s entertainment unit transfers Youku shares to subsidiary Tudou
Alibaba Digital Media and Entertainment Group, the media and entertainment arm of Alibaba, has transferred all of its stakes in video streaming platform Youku to a subsidiary that operates video streaming platform Tudou. This is a normal adjustment within the company, Alibaba told local media on Wednesday. However, industry experts believe the move could underline…
Alibaba’s Fresh Grocery Platform Freshippo Considers Funding at $10 Billion Value
(Source: Freshippo) Your browser doesn’t support HTML5 audio Bloomberg reported on Friday that Alibaba Group’s grocery chain Freshippo is considering raising funds at a valuation of $10 billion. Freshippo is working with an adviser on an exclusive list of potential strategic and financial investors that will be invited to join the funding round, which is…
Alibaba’s Cainiao Secures 1.6 Billion Yuan Share in Air China Cargo
(Source: Cainiao) According to Chinese financial data provider Qichacha, Air China Cargo Co., Ltd. has documented a change with the country’s Industrial and Commercial Administration. The update shows that the firm’s registered capital has roared from about 7.376 billion yuan ($1.141 billion) to about 10.69 billion yuan, up by 44.93%, while Zhejiang Cainiao Supply Chain…