Daniel Zhang news and archive

Timeline: the rise and rise of Alibaba

This week was shaken by several news coming from Chinese e-commerce giant Alibaba. To start, the company’s founder and CEO, Jack Ma, announced his plans to retire in 2019. Daniel Zhang is set to be his successor. Today, Alibaba and Russian technology group Mail.ru said they would launch a joint e-commerce venture in Russia and former Soviet...

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Business

China's Alibaba quarterly revenue surges 54 percent to 7.7 billion dollars

Chinese e-commerce giant Alibaba said Tuesday i ts revenues leapt 54 percent year-on-year for the quarter ended in December, spurred by rapid growth in Chinese online shopping. Revenue for the company, seen as a benchmark for China's increasingly crucial consumer sector, reached 53.25 billion yuan (7.7 billion dollars ) in the quarter, it said...

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Business

China's Alibaba quarterly revenues surge to 7.7 billion dollars

Chinese e-commerce giant Alibaba said Tuesday i ts revenues leapt 54 percent year-on-year for the quarter ended in December, spurred by rapid growth in Chinese online shopping. Revenue for the company, seen as a benchmark for China's increasingly crucial consumer sector, reached 53.25 billion yuan (7.7 billion dollars ) in the quarter, it said...

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