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Alibaba aims to make cloud computing its ‘main business’
November 12, 2018 Trade News
Alibaba's cloud computing arm will be its "main business" in the future, CEO Daniel Zhang told CNBC. "We strongly believe that every business in the future will be powered by cloud. We are very happy to build this cloud infrastructure in a new digital era and support all business," Zhang said.…
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Alibaba’s Sales Growth Falters As The Competition Heats Up
November 12, 2018 Trade News
It should come as no surprise that Alibaba is less optimistic about its future growth prospects amid the ongoing trade tensions and economic uncertainties in its home market. But analysts are saying the e-commerce giant is facing an even more pressing issue – rising competition. Last week, the Hangzhou-based company…
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Alibaba Group Appoints Jodee Kozlak as Global Senior Vice President of Human Resources
November 12, 2018 Trade News
Alibaba Group Holding Limited (NYSE: BABA) announced today the appointment of Jodee Kozlak as Global Senior Vice President of Human Resources. Ms. Kozlak will be responsible for helping to build Alibaba Group's international leadership team as the company continues to expand globally. Jodee will jointly report to Alibaba Group Deputy…
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Alibaba Launches Entrepreneurs Fund for Hong Kong
November 12, 2018 Trade News
Alibaba Group Holding Limited (NYSE: BABA) today announced the official launch of its Entrepreneurs Fund for Hong Kong, with the objective to support the aspirations of entrepreneurs who wish to take advantage of the resources offered by Alibaba's ecosystem in e-commerce, logistics, mobile platforms, cloud computing and financial services. The…
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Chinese Internet Giant Alibaba Finally Files for IPO, Focusing on Mobile Story
November 12, 2018 Trade News
Alibaba Group, the Chinese e-commerce giant that is part-eBay, part-Amazon, has finally filed for an IPO in the United States. It is a watershed moment for the global Internet and is one of the largest public offerings in tech. It is also the best opportunity so far to buy into…
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Alibaba Cloud Launches Malaysia City Brain to Enhance City Management
November 12, 2018 Trade News
Alibaba Cloud, the cloud computing arm of Alibaba Group, today announced the launch of its Malaysia City Brain initiative in collaboration with the Malaysia Digital Economy Corporation (MDEC), the country’s digital economy development agency, and Dewan Bandaraya Kuala Lumpur (DBKL), the city council in the capital, at a ceremony in…
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