Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, unveiled at the Alibaba Cloud Singapore Summit 2023 its first international product innovation center and partner management center, to further enhance customer services and better facilitate customers’ digitalization journey. The new Product Innovation Center will help facilitate future roadmaps for developing more market-specific solutions,…
Alibaba Group Holding Limited announced that Irene Yun-Lien Lee, Chairman of Hysan Development Company Limited, and Albert Kong Ping Ng, former Chairman of Ernst & Young China, were appointed as independent directors to the Company’s board, effective August 4, 2022. The new appointments demonstrate the Company’s commitment to corporate governance excellence and diversity at the…
Alibaba Group Holding Limited announced that Toby Xu, Deputy Chief Financial Officer, will succeed Maggie Wu as the Company’s Chief Financial Officer, effective April 1, 2022. Maggie will continue as a partner in the Alibaba Partnership and serve as an executive director on the Alibaba board, the statement said. “Maggie has made exceptional contributions that…
The Consumer Goods Forum (CGF) has announced that two new Co-Chairs have been elected to its Board of Directors: Daniel Zhang, Chairman & CEO of Alibaba Group, and James Quincey, Chairman & CEO of The Coca-Cola Company. The pair will lead the CGF Board for two years and replace outgoing Co-Chairs Özgür Tort, CEO of…
Chinese e-commerce giant Alibaba Group announced that it will invest approximately $3.6 billion in respect of Sun Art Retail Group Limited, a leading hypermarket and supermarket operator in China. As part of the transaction, Alibaba will acquire 70.94% of equity interest in A-RT Retail Holdings Limited from Auchan Retail International S.A. and its subsidiary (Auchan…
Singapore’s state investor, Temasek, is reportedly looking to invest up to $100mn in food delivery unicorn Zomato. The development was first reported by Economic Times on Tuesday, citing people familiar with the matter. According to the report, the investment comes at a time when Zomato’s largest institutional stakeholder Ant Financial’s promised investment of $150mn has…
Southeast Asian e-commerce firm Lazada, a unit of Alibaba Group Holding Ltd named its third Chief Executive in three years. The Singapore-based e-commerce company recently announced that it has appointed Chun Li as its new Group Chief Executive Officer. Chun Li will be taking over from current CEO Pierre Poignant. “Chun is an experienced business…
Alibaba Group and the municipal government of Yiwu, Zhejiang Province in China, have announced plans to develop a Digitized Comprehensive Bonded Zone under the eWTP (electronic World Trade Platform) framework, making cross-border e-commerce more accessible to small and medium-sized enterprises (SMEs) at the world’s largest wholesale market. A core part of the new initiatives is…