Daniel Zhang

Over one million convenience stores in China, around one-sixth of the total market, are now using Alibaba’s LST platform (Ling Shou Tong) to help manage their operations. LST is designed to help these small scale ma and pa stores by providing a platform where operators can crunch sales and operations

Chinese ecommerce giant Alibaba has revealed its succession plan; Jack Ma will step down as executive chairman of the company he founded in 1999 one year from today. Ma made the announcement today, his 54th birthday, in a letter to Alibaba’s customers, employees and shareholders. Alibaba’s CEO Daniel Zhang will

Alibaba Group’s revenue grew 61 per cent for the June Quarter, year-on-year, on the back of strong growth in cloud computing, digital media and innovation activities, according to financial results released today.  The revenue growth is better than expected but quarterly income fell short, plummeting more than 40 per cent

Alibaba Group

Alibaba’s shares fell 5.9 per cent today after the company announced its Q3 revenue surged 56 per cent and it is acquiring a 33 per cent stake in its payment affiliate Ant Financial. Ant Financial, which operates Alipay, was spun out from Alibaba in 2011 ahead of its 2014 IPO