Tag: competition

Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland

Chinese e-commerce giant Alibaba Group Holding has further reduced its stake in Hong Kong-listed logistics service provider GoGoX Holdings, which is facing cutthroat competition and regulatory pressure in the mainland’s intracity delivery courier market. Alibaba, which owns the South China Morning Post, has cut its GoGoX stake four times over the past two months, slashing […]

Area latte artists show off their skills in Rochester competition

Dec. 17—ROCHESTER — A variety of participants and spectators gathered together for sweet treats, raffle prizes and an intense latte art competition on Saturday, Dec. 16, 2023. Café Steam held its second annual holiday latte art competition at its One Discovery Square location. There were 18 participants in the single-elimination, bracket-style tournament with three local […]