BABA Aug 2024 78.000 call
- South China Morning Post
Alibaba's Taobao adds 1-hour delivery short cut in race against ByteDance, JD.com
Alibaba Group Holding's online shopping app Taobao has made its one-hour delivery service hotkey on the platform's homepage, as the tech giant tries to stake out a larger position in the on-demand delivery market amid competition with JD.com and ByteDance's Douyin. The 4-year-old service now has its own tab accessible from the Taobao homepage as of Tuesday, as China's largest e-commerce marketplace works with food delivery platform Ele.me, also owned by Alibaba, to expand the range of products t
- South China Morning Post
Alibaba's online flea market draws moonlighters seeking side income in brutal job market
Alibaba Group Holding's second-hand marketplace Xianyu has launched a new feature that enables users to hire themselves out for part-time gigs, as China struggles with high youth unemployment in a bleak job market. The function, officially launched on Tuesday, provides users with templates to quickly generate a "resume" by uploading a few photos or videos. Customers can place an order and pay, just like they would when buying items on the platform. Those who provide more than three images or vid
- South China Morning Post
Chinese fintech giant Ant Group spins off database firm OceanBase, giving Alibaba affiliates a stake
Two Alibaba Group Holding affiliates have become new shareholders of OceanBase, the database company founded by the e-commerce giant's fintech affiliate Ant Group, as the start-up overhauled its shareholding structure and spun off into a separate entity. Hangzhou Junhan and Hangzhou Junao are among 35 companies who became OceanBase shareholders last Saturday after Ant transferred its shares in a share swap arrangement. A number of big names in Chinese venture capital also took part, including Ch
