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HONG KONG Alibaba Group Holding is "not in a hurry" to proceed with initial public offerings of Cainiao Smart Logistics and brick-and-mortar c ....
HONG KONG Alibaba Group Holding is "not in a hurry" to proceed with initial public offerings of Cainiao Smart Logistics and brick-and-mortar c ....
Alibaba Group: The sale plan comes as Alibaba, under chairman Joe Tsai and newly appointed chief executive Eddie Wu, has shifted focus back to its core profitable e-commerce business model while divesting non-core, loss-making units, said one of the people. ....
Chinese internet giant Alibaba Group is looking to sell a number of consumer sector assets, including grocery business Freshippo and retailer RT-Mart, three sources with knowledge of the situation said. The sale plan comes as Alibaba, under chairman Joe Tsai and newly appointed chief executive Eddie Wu, has shifted focus back to its core profitable e-commerce business model while divesting non-core, loss-making units, said one of the people. Alibaba has been in talks with strategic and financial investors about these assets, said the sources, who declined to be named as the discussions were confidential. ....
The call to break more digital barriers in China’s internet industry comes days before Tencent’s flagship video game, Honour of Kings, returns to the live-streaming platform of ByteDance-owned Douyin. ....