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  Jack Ma speaks within the company's intranet post PDD earnings report

On November 28th, PinDuoDuo(PDD) released its financial report for the third quarter of 2023, ending on September 30th. The revenue for the third quarter was 688.4 billion RMB, showing a year-on-year growth of 93.9%. The net profit, according to the U.S. General Accounting Standards, reached 15.54 billion RMB, with a net profit margin of 22.6%. PDD attributed its overall positive performance to the accelerated recovery of the consumer market and the vigorous implementation of its "high-quality development" strategy throughout the year.With that, PDD's market value is almost the same as th...

376 0       ALIBABA JACK MA PDD


  Alibaba founder Jack Ma sets up a new company

On November 24th, according to TianYanCha(A Chinese website to check company registration information), Hangzhou Majia Kitchen Food Co., Ltd. was established on November 22nd. The legal representative is PAU JASON JOHN, and the registered capital is 10 million RMB.The ownership information shows that the company is wholly owned by Hangzhou Dajingtou Er Shi Er Hao Cultural Art Co., Ltd., of which Alibaba founder Jack Ma holds a 99.9% stake.The business scope of this new company includes food sales (only pre-packaged food), import and export of goods, wholesale of edible agricultural products, w...

554 0       FOOD JACK MA ALIBABA


  Alibaba Cloud was down again just after Singles' Day promotion

On November 12th, several popular Alibaba platforms and services experienced technical issues, causing widespread disruption and becoming hot topics on Weibo, the Chinese equivalent of Twitter. These services include Taobao, Xianyu, DingTalk, Aliyun Drive etc.Users took to social media to report instances of "Taobao crashing." Some encountered code display errors on the shopping page, while others faced a blank screen. However, a few users claimed they were still able to shop without any problems.Multiple services associated with Aliyun, Alibaba's cloud computing subsidiary, also encountered d...

612 0       DOWN ALIYUN ALIBABA CLOUD


  Jack Ma shows up in Bangkok

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1,021 1       TOKYO BANGKOK ALIBABA JACK MA


  Alibaba CEO Daniel Zhang is no longer president of Taobao Software Co. Ltd

According to a recent change record from Chinese company registration information portal, the Chinese e-commerce giant Alibaba Group CEO Daniel Zhang is no longer the president of TaoBao Software Co. Ltd. His successor is Shan Dai, who is one of the founders of Alibaba and now Taobao CEO.Along with the change, Daniel also quits as the president of Tmall technology company which is also one of the subsidiaries of Alibaba Group focusing on big brands.Taobao (China) Software Co., Ltd. was established in December 2004 with a registered capital of USD 690 million. Its business scope includes resear...

1,782 0       ALIBABA DANIEL ZHANG CEO TAOBAO


  Alibaba gains spotlight due to female employee alleging sex harassment from supervisor

During the weekend, the Chinese e-commerce giant Alibaba gains spotlight from Chinese general public due to a hot discussion going on on various Chinese social media platforms where a female employee alleges that her supervisor(alias Yi Qu) conducted sex harassment on her during a previous business trip.The case happened a couple of weeks back where the female employee at Alibaba was asked by her direct supervisor to go for a business trip to Shandong province(a northern province in China), she initially declined the request due to severe weather condition(typhoon Yanhua). However her supervis...

2,569 0       ALIBABA SEX HARASSMENT


  Jack Ma retires from Alibaba today

Jack Ma, Alibaba founder and chairman, retires today. Today is the Teacher's day in China and also the 20th anniversary of Alibaba. It's a special day and also a memorable day for all Alibaba employees including employee No.1 Jack Ma.Ma steps down as chairman today as he promised 10 years ago when he was 45. Just a few years back in 2013, he left his position as Alibaba CEO. His successor will be Daniel Zhang who is the current CEO of Alibaba. After today, Jack will start his new life outside of Alibaba as he mentioned. He would invest more effort and time on other areas like education, c...

1,435 0       RETIREMENT JACK MA NEWS CHAIRMAN ALIBABA


  Alibaba launches NASA program

On March 9, the China E-Commerce giant Alibaba held its first internal tech conference in its headquarter Hangzhou. During this conference, Jack Ma, Alibaba founder, announced a new program code named "NASA" which aims to build up technologies serving 2 billion people in next 20 years by forming independent and powerful R&D department. On March 13, Alibaba formerly announced this program to the public.The research area of this program would include machine learning, chips, IoT, operating system, biotech etc. There will be brand new teams built and new management strateg...

5,786 1       CHINA NEWS NASA ALIBABA