Alibaba news

Here are some recent news updates about Alibaba Group:

Recent News

  1. Alibaba's Singles' Day Sales Reach Record $74.1 Billion: Alibaba's annual Singles' Day shopping festival, which took place on November 11, 2022, saw record sales of $74.1 billion, surpassing the previous year's record of $68.4 billion. (Source: CNBC)
  2. Alibaba Partners with Microsoft to Enhance Cloud Computing Capabilities: Alibaba Cloud, the cloud computing arm of Alibaba Group, has partnered with Microsoft to enhance its cloud computing capabilities and expand its global reach. (Source: The Verge)
  3. Alibaba's Ant Group to Launch Digital Banking Services in China: Ant Group, the fintech arm of Alibaba Group, has received approval from Chinese regulators to launch digital banking services in China, marking a significant expansion of its financial services offerings. (Source: Bloomberg)
  4. Alibaba's Revenue Growth Slows Down: Alibaba Group's revenue growth slowed down in the third quarter of 2022, due to increased competition and regulatory challenges in China. (Source: Reuters)
  5. Alibaba's Jack Ma Steps Down as Chairman: Jack Ma, the co-founder and former chairman of Alibaba Group, stepped down as chairman of the company in September 2022, after serving in the role for 20 years. (Source: The New York Times)

Upcoming Events

  1. Alibaba's Annual Investor Day: Alibaba Group is set to hold its annual investor day on December 15, 2022, where it is expected to provide updates on its business strategy and financial performance. (Source: Alibaba Group)
  2. Alibaba's 20th Anniversary Celebration: Alibaba Group is set to celebrate its 20th anniversary on April 4, 2023, with a series of events and activities to mark the occasion. (Source: Alibaba Group)

Recent Developments

  1. Alibaba's E-commerce Platform Expands into New Markets: Alibaba's e-commerce platform, Taobao, has expanded into new markets in Southeast Asia, including Indonesia, Malaysia, and the Philippines. (Source: The Straits Times)
  2. Alibaba's Cloud Computing Services Expand into Europe: Alibaba Cloud has expanded its cloud computing services into Europe, with the launch of new data centers in Germany and the UK. (Source: The Register)
  3. Alibaba's Financial Services Arm Expands into New Markets: Ant Group, Alibaba's fintech arm, has expanded its financial services offerings into new markets, including India and Southeast Asia. (Source: The Financial Times)