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Alibaba goes big on Russia with joint venture focused on gaming, shopping and more

Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture with one of the country’s leading internet companies. Russia is…

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Posted in Alibaba alibaba group China daniel zhang Jack Ma TC Tech

Alibaba announces CEO Daniel Zhang will succeed Jack Ma as chairman next year

Following speculation about Jack Ma’s imminent retirement, Alibaba Group announced today that its CEO, Daniel Zhang, will succeed Ma as chairman next year. After stepping…

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Jack Ma says he isn’t about to retire from Alibaba but is planning a gradual succession

Reports of Jack Ma’s impending retirement are greatly exaggerated, it seems. Ma, the co-founder and executive chairman of Alibaba, has pushed back on claims that he is on…

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Posted in Alibaba China Jack Ma Retail

Alibaba takes record $25Bil on ‘Singles Day’, Processing 256,000 payments per second $BABA

Chinese online shoppers spent a record $25 billion on this year’s “Singles Day” promotion run by e-commerce giant Alibaba, up nearly 40 percent from last…

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