Alibaba sold its 73.66% stake in Sun Art to DCP Capital for US$1.6bn, reflecting a shift away from its New Retail strategy.

After disposing of Sun Art and Intime, an 'asset-light' Alibaba is expected to be in a better position to compete against ...

Alibaba Group Holding is taking a 9.3 billion yuan (US$1.3 billion) loss in its sale of Intime, one of China's leading department store operators, as the e-commerce giant walks away from offline ...

The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the ...

Alibaba is offering the price cuts on its visual language model, Qwen-VL, which is designed to perceive and understand both ...

Alibaba reshuffles commerce business, faces market share losses in China, AI growth opportunity yet to boost cloud ...

SEOUL : Alibaba Group Holding Ltd is nearing a deal to merge its South Korean operations with E-Mart Inc’s e-commerce ...

Alibaba Group Holding Ltd. agreed to form a joint venture for its South Korean operations with E-Mart Inc.'s e-commerce ...

Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China's largest hypermarket operator, for HK$13.1 billion (US$1.7 billion), as the e-commerce giant scales back its ...

Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China's largest hypermarket operator, for HK$13.1 billion (US$1.7 billion), as the e-commerce giant scales back its ...