Alibaba Fined Record $2.75bn Over Monopoly Violations
China has hit Alibaba Group Holding with a record US$2.75 billion fine after an anti-monopoly probe found the e-commerce giant had abused... Read More
Alibaba Singles Day Sales Surpass $2B
E-commerce behemoth Alibaba has shattered last year’s sales record on the country’s annual buying frenzy Singles Day, on November 11, in the tenth... Read More
Alibaba Announces Daniel Chang As Successor to Jack Ma
Alibaba Group co-founder Jack Ma has announced a successor for his burgeoning company, Chief Executive Officer Daniel Zhang, but is happy to... Read More
Alibaba Revenue Up 61% Despite US Tension
Alibaba has post a 61% [YoY] jump in quarterly net revenue to 80.9 billion yuan (US$12.2 billion), driven by entertainment and cloud... Read More