Alibaba News: China Retail Giant's Singles' Day Tops $30 Billion But Growth Rate Plunges
Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest-ever rate.
US Tech Giants Eye AI Key To Unlock China Push
U.S. technology giants, facing tighter content rules in China and the threat of a trade war, are targeting an easier way into the world’s second-largest economy - artificial intelligence.
Alibaba's Jack Ma Says US-China Trade Friction Could Last 20 Years
Alibaba chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be “a mess” for all parties involved, citing weak trade rules.
Alibaba's Jack Ma To Unveil Succession Plan Next Week, Remain Chairman
Alibaba Group Holding Ltd’s billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being.
JD.com Billionaire Flies Back To China After Minneapolis Sexual Misconduct Arrest
The Financial Times reported that the case involved Richard Liu, who is a student in the University of Minnesota's doctor of business administration program, and a Chinese student.
JD.com's Billionaire CEO Released After US Arrest
The billionaire founder and chief executive of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released after what the company said was a false accusation.
