Alibaba’s Ele.me platform signs wages, safety contracts as tech crackdown ends – media
BEIJING (Reuters) – Alibaba’s Ele.me on Thursday became China’s first delivery platform to sign collective contracts on wages and labour safety with its staff, official media reported, as Beijing signals an end…
Alibaba’s global online commerce arm weighs US IPO – Bloomberg News
(Reuters) -Alibaba Group Holding Ltd’s international online shopping unit is exploring a U.S. initial public offering, Bloomberg News reported on Thursday citing people familiar with the matter. The e-commerce giant is in…
Foreign cash streaming back to China after Alibaba’s plans
By Xie Yu and Jason Xue HONG KONG/SHANGHAI (Reuters) – Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the…
FACTBOX-How Alibaba’s six new business units stack up
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group announced on Tuesday it will split into six business units, each with its own CEO and board of directors, and adopt a holding company…
China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) – Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that…
ByteDance’s Douyin teams up with Alibaba’s Ele.me in mini programme push
BEIJING (Reuters) – ByteDance’s Douyin and Alibaba-owned Ele.me said on Friday they have agreed on a collaboration that will see the food delivery app establish a presence on Douyin, as the Chinese…
Exclusive: Alibaba’s Freshippo seeks funds at much lowered $6 billion valuation – sources
By Kane Wu HONG KONG – Alibaba’s supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion, much lower than a hoped-for valuation of up to $10…
Alibaba’s Freshippo adds more couriers, still unable to meet Shanghai demand
SHANGHAI – Alibaba’s supermarket chain Freshippo said on Sunday it was adding more couriers to meet high demand in Shanghai but this was not yet catching up with the rising needs of…
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