In a surprising move, China’s e-commerce giant Alibaba Group Holding Limited has announced the appointment of Eddie Wu as the new CEO, poised to succeed the renowned executive Daniel Zhang. This unexpected
Alibaba Group Holding Ltd’s financial affiliate launched on Thursday Internet bank MYbank, targeting the small- and medium-sized Chinese enterprises that have struggled to obtain credit from major financial institutions. MYbank, which is
AliExpress and UCWeb, both within Alibaba Group, today announced the launch of a joint promotion program for AliExpress app via UCWeb’s mobile traffic platform UC Union, aiming to drive app installs in
Alibaba Group may not plans to invest in online marketplace Snapdeal, technology website Recode reported, citing a person who was familiar with the matter. Last week, a person informed about the deal
China’s largest online marketplace, Alibaba Group’s Taobao, said Wednesday that it would ban the trading of Bitcoin and other virtual currencies from January 14, after a government crackdown on the units. The