Free Press Journal
  • This Alibaba robot will serve in China’s hotels soon

    Hangzhou: China’s e-tail giant Alibaba on Thursday unveiled a robot that will serve guests in the country’s hotels soon. “The robotics industry is revolutionising the world and Alibaba Artificial Intelligence (AI) Labs is raising the stakes in this industry with the launch of service robots for hospitality sector starting October,” the company said at its annual Cloud Computing Conference 2018 being held here.

  • Alibaba’s co-founder Jack Ma to retire next year

    Bengaluru/Beijing: Alibaba’s Executive Chairman Jack Ma will step down in September 2019 and hand over the reins to Chief Executive Daniel Zhang, the Chinese e-commerce giant said on Monday. Ma, who co-founded the company almost 20 years ago which now is the world’s biggest e-commerce behemoths, said in a letter to his employees that “transition demonstrates that Alibaba has stepped up from a company that relies on individuals, to one built on

  • Alibaba chairman Jack Ma to step down in September 2019, Daniel Zhang to be next chairman

    Beijing: Alibaba co-founder and chairman Jack Ma will step down as head of the e-commerce giant on September 10, 2019, the company said on Monday. Ma is staying on as executive chairman for 12 months to “ensure a smooth transition” before handing over his role to chief executive officer Daniel Zhang, Alibaba said in a statement.

  • Ma to unveil succession plan today

    Beijing : Alibaba co-founder and chairman Jack Ma will unveil a succession plan on Monday, according to the South China Morning Post Sunday, with a company spokesman denying a New York Times (NYT) report that he would retire that day.

  • Alibaba co-founder Jack Ma announces retirement at 54; do you know his net worth?

    San Francisco: Alibaba co-founder and chief Jack Ma announced he will leave from the Chinese e-commerce giant Monday to devote his time to philanthropy focused on education. Ma was an English teacher before starting Alibaba in 1999 and built it into a multibillion-dollar internet colossus.

  • Chinese e-commerce giant Alibaba says company ready for trade war with US

    Beijing : Chinese e-commerce giant Alibaba on Thursday said that the company is ready for a possible trade war with the United States, adding that it would not only survive the fight but will also thrive. This comes after the company reported its total earnings for the year.

  • Alibaba to invest USD 5 billion in Mukesh Ambani’s Reliance Retail?

    In what might be called as a major joint venture (JV), China’s Alibaba has reportedly initiated talks with Mukesh Ambani’s Reliance Retail. Alibaba, the Chinese e-commerce giant is all set to invest in Reliance Retail, and acquire some stake to make an entry into the Indian market.

  • Chinese smartphone maker Xiaomi files for Hong Kong IPO 

    Hong Kong: Chinese smartphone maker Xiaomi filed documents today with Hong Kong’s stock exchange operator for an initial public offering that could be the world’s biggest share sale in years.

  • Alibaba confirms developing self-driving vehicles

    Beijing: Chinese e-commerce giant Alibaba Group has confirmed that it has been working on autonomous driving technology, the China Daily reported on Wednesday. Wang Gang, Chief Scientist at the company’s Artificial Intelligence (AI) Labs, is leading the research team and it have made rapid progress, the daily quoted Alibaba as saying.

  • Alibaba creates over 36.8mn jobs in 2017

    Beijing: Chinese e-commerce giant Alibaba created over 36.8 million jobs in 2017 via its expansive retail ecosystem, a report showed. The company’s various e-commerce platforms like Tmall and Taobao, which cover over 500 million consumers, offered about 14.05 million jobs to online retailers in 2017, Xinhua news agency quoted the Renmin University of China report as saying.

  • Paytm Mall raises Rs 2,900 cr from SoftBank, Alibaba

    New Delhi: Paytm Mall has raised close to Rs 2,900 crore from SoftBank Investment Holdings and Alibaba.com Singapore e-commerce in a deal that values the online shopping venture of Paytm at USD 2 billion.

  • BigBasket receives US$300m funding boost from Alibaba

    Mumbai : Online grocer BigBasket has raised $300 million in a new funding round led by Chinese e-tailer giant Alibaba and others. The company plans to use the money to build farmer networks, expand deeper into existing cities and hire new hands, the company said, adding it employs 16,000 currently.BigBasket operates in 30 cities and claims a monthly run-rate of Rs 200 crore. This is expected to increase to Rs 500 crore

  • BigBasket, Alibaba, Chinese e-tailer, Online supermarket, growth

    Bigbasket secures $300 mn funding from Alibaba

    New Delhi: In a major move to fuel growth, online supermarket bigbasket raised USD 300 million in a fresh funding round led by Chinese e-tailer Alibaba and other investors.

  • Enterprise chat ding talk app now available in  India

    New Delhi : In a bid to disrupt the growing enterprise chat and collaboration app market in India, Alibaba-owned platform DingTalk, on Monday, unveiled an English version that caters to small and medium-sized enterprises (SMEs). The version, also available in Malaysia, is the first concerted push outside of China since launching three years ago.

  • Alibaba could invest $300m in BigBasket

    Fund infusion gives online grocer more muscle to take on local rival Grofers, and helps the Chinese firm battle Amazon in India.

  • Paytm swears by India digital play, lines up Rs 20,000 crore

    New Delhi, Paytm, which has high-profile investors like SoftBank and Alibaba, has drawn up a massive investment plan of Rs 20,000 crore as the group expands its play into the digital payments, financial services and e-commerce space in the country. “In the last 2 years and the next three years, we would have invested Rs 18,000-20,000 crore. I don’t want to talk about profitability right now because we are still in an investment