Alibaba

SoftBank-backed online grocery delivery platform Grofers aims to garner $2.5 billion in revenue by 2020

Grofers co-founder and CEO Albinder Dhindsa said Grofers has been witnessing over 30 percent month-on-month growth

China's AI start up Megvii is targeting to raise $500 mn at $3.5 bn valuation

Megvii's fundraising comes amid Beijing’s plans to build a ubiquitous CCTV surveillance network.

China warns against rejecting physical cash even as mobile payments pick up pace

The ease of use has meant that some vendors, especially in major cities like Beijing and Shanghai, have stopped accepting physical cash.

Jack Ma is Communist Party member, claims Chinese daily; Alibaba says CEO's political affiliation doesn't influence business

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.

China's giant tech scene hit by trade war with US and rising censorship

China’s tech industry is facing a reckoning amid rising state control over the sector and trade war.

US trade war and tightening regulation is stifling China's tech industry growth

Until last year, China’s tech industry enjoyed years of breakneck growth but is now feeling the pinch.

Apple sells more phones than Huawei and Xiaomi during Alibaba Singles' Day sale

Apple was one of 237 brands that crossed the CNY 100 million mark in sales during Alibaba's annual sale.

Alibaba Singles' Day tops $30 billion in sales but growth rate was at its slowest

Alibaba Singles' Day event's annual growth has reportedly dropped to its slowest-ever rate.

Alibaba generates $10 Billion GMV within an hour of is 11.11 Single's Day sale

Alibaba also hosted the countdown to the official launch gala on its video streaming platform Youku.

Daily Bulletin: Opposition parties to meet on 22 Nov to discuss grand alliance; CPCB issues show cause notice to Delhi Police; other top stories

Opposition parties to meet in Delhi soon to discuss grand alliance; Kerala BJP chief goes back on his claims; Tipu Jayanti celebrated in Karnataka without the presence of chief minister HD Kumaraswamy and more