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Tuesday, June 25, 2019

Tag: Alibaba Group

Jack Ma is selling cancer coverage for pennies a month in...

Clients pay small monthly fees that are pooled to help cover treatment costs for members stricken by diseases such as cancer, Alzheimer’s and even Ebola.

Jack Ma again endorses extreme overtime as furor rages on

The Alibaba Group Holding Ltd. co-founder once more endorsed the sector’s infamous 12-hours-a-day, six-days-a-week routine as de rigueur for passionate young workers.

NBA expands China partnership with Alibaba platforms

NBA content will be offered to almost 700 million consumers across Alibaba platforms Tmall, Taobao, video-stream platform Youku and browser and content platform UC.

Alibaba to postpone hiring, cut travel spending

New hires were told they can’t start until the new fiscal year begins in April.

Indonesia’s Tokopedia raises US$1.1 billion from top investors

Tokopedia, which was set up almost a decade ago, said it would continue its focus on the market in Indonesia.

Switzerland’s Richemont, China’s Alibaba team up

The two companies also agreed to explore other opportunities to develop the luxury goods market in China.

Alibaba’s Jack Ma warns US-China trade war could last 20 years

Ma’s remarks carry particular weight because he is an icon of Chinese innovation and has been seen as an ambassador to the US.

Alibaba, Russian tech firm Mail.ru to launch new venture

The deal comes after Russia's largest bank Sberbank and internet company Yandex announced an e-commerce tie-up in August.

Alibaba’s Zhang prepares to step from Jack Ma’s shadow

Under Zhang's tenure, Alibaba has moved from PC-based transactions to mobile-based, which now account for nearly 80% of total gross merchandise volume.

Billionaire Jack Ma prepares for life after Alibaba

The Alibaba chairman plans to dedicate more time and fortune to philanthropy with the creation of a foundation in his own name focused on education, following in the footsteps of Bill Gates.

China’s Meituan Dianping doubles revenue but losses widen ahead of IPO

The company, backed by Tencent Holdings Ltd, is spending heavily to fend off a slew of rivals aligned with Tencent rival Alibaba.

Tencent-backed Meituan starts taking orders for US$4.4 billion IPO

Meituan’s IPO will bankroll its costly expansion into businesses from ride-hailing to finance as it pursues an ambition to become a super-app in the vein of Tencent’s own WeChat.

JD.com’s billionaire CEO released after US arrest

He was arrested shortly before midnight local time on Friday and was released just after 4pm on Saturday, according to the website of the Hennepin County Sheriff's Office

Tencent-backed EV maker seeks valuation above US$8 billion in IPO

NIO began selling its first vehicle, the ES8 sport utility vehicle, in December, about three years after the company was founded, and deliveries started on June 28 this year.

JD turns to Google, Walmart to build global e-commerce empire

JD is behind only Alibaba Group when it comes to e-commerce in China and has started pushing into physical stores, although incursions overseas have been limited to Thailand, Indonesia and Vietnam.

Berkshire Hathaway takes stake in India’s Paytm

The investment is a huge endorsement for Paytm that has grown to become India's leading digital payments platform in just eight years of its operation.

Alibaba’s sales surge as Jack Ma’s free spending bears fruit

Tencent Holdings posted its biggest profit drop in a decade after it ran afoul of regulatory tangles, while Facebook and Twitter grappled with fundamental issues such as waning user growth.

Wanted in China: Detailed Maps for 30 Million Self-Driving Cars

NavInfo’s mapping goal is compatibility with Level 4 autonomous driving, where vehicles can pilot themselves in almost all environments.

SoftBank mulling major investment in robot pizza startup

Zume owns a patent for delivery trucks capable of cooking food while en route to customers - the proprietary trucks have ovens that fire up on demand, via a remote cloud signal.

Starbucks bets on Alibaba tie-up to revive China sales

Starbucks signalled in June it was pursuing such a tie-up after reporting a sudden slowdown in China sales growth, which it partly blamed on a government crackdown on third-party delivery firms.

Chinese spygear titan ready to recoup US$11 billion market loss

Foreign investors have long been enamoured of Hikvision, whose shares more than doubled between December 2016 and March.

Alibaba joins US$600 million round for AI startup Megvii

Alibaba is ramping up its investment in China’s largest artificial intelligence startups, hoping to employ facial recognition technology across its growing internet and retail empire.

Ambani set to topple Jack Ma as Asia’s richest person

Ambani's wealth increased by US$4 billion this year as Reliance doubled its petrochemicals capacity while Reliance Jio Infocomm Ltd outpaced rivals Bharti Airtel and Idea Cellular.

Tiger Global holds $1 billion SoftBank stake

Tiger Global puts SoftBank’s total asset value at US$278 billion, and its net asset value at US$190 billion