With the help of artificial intelligence, merchants on the Taobao and Tmall platforms are expected to improve their services and attract new customers.
Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher Tuesday amid reports of China approving 105 domestic games following recent industry restrictions that caused an $80 billion market downturn. The approved titles included games from top publishers Tencent Holdings Ltd (OTC: TCEHY) and NetEase Inc (NASDAQ: NTES), indicating a potential easing pressure on these companies, Bloomberg reports. However, concerns intensified last Friday when the National Press and Publication Administra
Alibaba’s Taobao and cloud units will directly answer to the conglomerate’s CEO, Eddie Wu, as the tech giant seeks to take on budget-focused PDD. While grappling with low consumer spending, Alibaba has undergone drastic changes in 2023 amid a corporate restructuring and multiple leadership changes.
The e-commerce giant is reshuffling the top ranks of its most important profit earner since its sweeping restructuring started over half a year ago, as it tries to regroup after its value fell behind rival PDD Holdings.
Earlier in January, Zhang resigned from the board of directors of Chinese microblogging service Weibo, days after he left the board of ride-hailing giant Didi Chuxing.