Alibaba Group Holding‘s online shopping app Taobao has made its one-hour delivery service hotkey on the platform’s homepage, as the tech giant tries to stake out a larger position in the on-demand delivery market amid competition with JD.com and ByteDance‘s Douyin. The 4-year-old service now has its own tab accessible from the Taobao homepage as […]
BEIJING (Reuters) -Alibaba’s Taobao China Software will sell its 20% stake in Chinese retailer Suning.com to another Alibaba affiliate, Hangzhou Haoyue Enterprise Management for 2.8 billion yuan ($389 million), Suning.com said in a filing on Friday. The valuation of the Suning stake is far smaller than the $4.6 billion the Chinese e-commerce giant paid for […]
Alibaba Group Holding‘s main e-commerce unit is now beta testing artificial intelligence (AI) tools and functions for merchants on its Chinese online shopping sites, marking the first major move at the enterprise since a leadership reshuffle in December. The Taobao and Tmall Group (TTG) unveiled the new AI features, which are designed to improve services […]
Alibaba Group Holding is reshuffling the top ranks of its most important profit earner since its sweeping restructuring started over half a year ago, as it tries to regroup after its value fell behind rival PDD Holdings. Eddie Wu Yongming, chairman of Alibaba’s Taobao and Tmall Group (TTG), will become the chief executive of the […]