Addis Ababa, Ethiopia | THE INDEPENDENT | In ongoing efforts to contain the spread of the Covid-19 coronavirus and provide aid to afflicted communities across the globe, the Jack Ma Foundation and Alibaba Foundation has committed to donating 100,000 medical masks, 20,000 test kits and 1,000 protective suits to each …
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Beijing, China | AFP | Alibaba has bought an eight percent stake in Chinese online video sharing and entertainment service Bilibili for an undisclosed amount, state news agency Xinhua reported. Alibaba’s e-commerce arm Taobao will reportedly own 24 million shares in Nasdaq-listed Bilibili, which claims tens of millions of regular …
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Shanghai, China | AFP |Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a …
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Beijing, China | AFP | Chinese e-commerce giant Alibaba’s sales soared 55 percent in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said Wednesday. The year-on-year growth in group sales, to 34.29 billion yuan ($5.14 billion), was not matched by …
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