Alibaba

Platform News: Japan's SoftBank

SoftBank proposes three new board members as Alibaba’s Jack Ma resigns

SoftBank Group Corp have stated that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son. 

Platform News: Alibaba online marketplace

China’s Alibaba launches ‘outlet’ platform to shift luxury overstock

Alibaba Group has launched a new luxury platform targeting younger consumers that also aims to help high-end brands shed excess inventory built up during the global coronavirus loc...

JD.com

JD.com to apply for $3 billion Hong Kong secondary listing?

Beijing-based e-commerce giant JD.com is pressing ahead with plans for a secondary listing in Hong Kong within the next few months despite the COVID-19 pandemic still playing havoc...

Platform News: Alibaba online marketplace

Alibaba demotes top executive after probe into behaviour – source

The Chinese e-commerce giant Alibaba Group has demoted Jiang Fan, one of its most senior executives, after an internal investigation into allegations of improper behaviour, accordi...

Platform News: Alibaba online marketplace

Chinese e-commerce giants Alibaba and JD offer bookings for coronavirus tests

Chinese e-commerce giants Alibaba Group Holding and JD have each launched booking services for coronavirus tests, the companies have announced. 

Platform News: Alibaba online marketplace

Alibaba to invest $28 billion in cloud services after coronavirus boosted demand

Alibaba Group has said it will invest 200 billion yuan (approximately $28 billion) in its cloud infrastructure over three years, a plan that follows a boom in demand for business s...

Platform News: Apple logo on a retail store window

Apple doubles China donations for COVID-19 recovery efforts

Apple more than doubled its donation to China’s efforts to fight COVID-19 to over 50 million yuan ($7 million), CEO Tim Cook posted on Weibo on Wednesday, weeks after the iPh...

Platform News: Alibaba online marketplace

Alibaba plans to buy at least 10% stake in Chinese courier Yunda: sources

Alibaba Group plans to buy at least 10% of Yunda, marking the e-commerce giant’s fifth investment in a large courier, two people with knowledge of the matter told news agency...

Platform News: Japan's SoftBank

SoftBank criticises Moody’s after two-notch downgrade

SoftBank Group Corp on Wednesday hit out at credit ratings agency Moody’s after it downgraded the tech conglomerate by two notches to Ba3 and took the unusual step of asking ...

Lazada

At Alibaba’s Lazada, coronavirus measures become the latest culture conflict

At Lazada, the Southeast Asian arm of Alibaba Group Holding, staff are furious over demands they submit health reports daily and other coronavirus-prevention steps seen as too inva...

SoftBank

Brief examination of SoftBank’s key assets

SoftBank Group Corp plans to raise up to 4.5 trillion yen (approximately $41 billion) by selling or monetising assets to buy back 2 trillion yen of its shares and reduce overall de...

Platform News: Tencent conference and exhibition in China

Tencent set to hint at virus boost from quarantined gamers

China’s Tencent Holdings is set to give a glimpse of how the world’s largest gaming company has fared from the coronavirus outbreak after curbs forced millions to stay ...

Thailand Coronavirus

Thailand government file complaint against e-commerce platform for overpriced masks

Thailand’s Commerce Ministry has filed a complaint against the Alibab-backed e-commerce platform Lazada after investigations found that surgical masks were being sold at excessivel...

Ikea

IKEA tests selling through third party for the first time, on Tmall in China

IKEA on Tuesday started selling its products on Alibaba’s Chinese e-commerce platform Tmall, the first time the world’s biggest furniture retailer has sold through a th...