Alibaba underwent a major reorganization last year, mainly hoping to ensure faster and more efficient decision-making, and therefore granted more autonomy to business team leaders.
In the previous financial quarter, Alibaba International reported a substantial 45% year-on-year revenue increase, largely driven by the expansion of its cross-border operations, notably through the AliExpress' Choice service.
Despite facing skepticism and pressures both internally and externally, Jack Ma underscored that the journey of reform and innovation is often met with resistance rather than applause.
Alibaba responds to the news of selling Bilibili ADR: Based on Alibaba's own capital management goals, it does not affect the business cooperation between both parties.
Alibaba LST is not shutting down or merging with 1688. It is currently making business adjustments based on market demand, aiming to better serve its users.
Alibaba reduced its holdings of XPeng Motors' ADS worth approximately $314 million after terminating the director appointment agreement with the company.
Cyril Han will become the President of Ant Group, fully responsible for digital payment, digital interconnection, and digital finance businesses, reporting to Chairman and CEO Jing Xiandong.
The Alibaba Global Mathematics Competition, co-hosted by Alibaba Public Welfare and Damo Academy, is known for its no registration threshold and full of fun.
Alibaba Group announced on March 1 that Yu Yongfu, Chairman of the Local Life Group and CEO of Ele.me, will step down from his management roles by the end of the current fiscal year.
Alibaba recently launched a new AI image-audio-video model technology EMO, officially referred to as "an expressive audio-driven portrait video generation framework".
Alipay has been strategically recruiting talent from platforms such as Douyin and Xiaohongshu since last year. The focus has been on roles in operations and advertising to bolster its content strategy.
