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Alibaba’s shares climb almost 8% in their first morning of trading on the Hong Kong stock exchange

Alibaba’s shares climb almost 8% in their first morning of trading on the Hong Kong stock exchange Alibaba share price increased as much as 7.7% during its first morning of trading on the Hong Kong Stock Exchange. Soon after the market opened, the shares climbed from their listing price of HKD $176 […]

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China Roundup: Y Combinator’s short-lived China dream

China Roundup: Y Combinator’s short-lived China dream Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Last week, we looked at how Alibaba and Tencent fared in the last quarter; the […]

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China Roundup: Alibaba’s Hong Kong listing and Tencent’s new fuel

China Roundup: Alibaba’s Hong Kong listing and Tencent’s new fuel Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The earnings season is here. This week, long-time archrivals in the Chinese […]

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Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi as strategic investor

Chinese EV startup Xpeng Motors raises 0 million, takes on Xiaomi as strategic investor Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $400 million in capital and has taken on Xiaomi as a strategic investor, the company announced. The Series C includes […]

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Alibaba to invest $3.3B to bump its stake in logistics unit Cainiao

Alibaba to invest .3B to bump its stake in logistics unit Cainiao Alibaba is doubling down on its logistics affiliate Cainiao, two years after acquiring a majority stake in the firm. The Chinese giant said today it would invest an additional 23.3 billion yuan (about $3.33 billion) to raise its equity in […]

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China Roundup: Xi’s power on bitcoin, the rise of Alibaba’s new rival

China Roundup: Xi’s power on bitcoin, the rise of Alibaba’s new rival Welcome back to TechCrunch’s China roundup, a digest of the latest events that happened at major Chinese tech companies and what they mean to tech founders and executives around the world. Alibaba’s nemesis Alibaba’s new rival is shaking up China’s […]

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Alibaba unveils Hanguang 800, an AI inference chip it says significantly increases the speed of machine learning tasks

Alibaba unveils Hanguang 800, an AI inference chip it says significantly increases the speed of machine learning tasks Alibaba Group introduced its first AI inference chip today, a neural processing unit called Hanguang 800 that it says makes performing machine learning tasks dramatically faster and more energy-efficient. The chip, announced today during […]

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Jack Ma officially retires as Alibaba’s chairman

Jack Ma officially retires as Alibaba’s chairman Jack Ma stepped down as Alibaba’s chairman today, handing the role over to the company’s current CEO Daniel Zhang. The transition was announced a year ago. Ma will continue serving on Alibaba’s board until its annual general shareholders’ meeting next year. He also remains a […]

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Alibaba’s UCWeb to launch an e-commerce service in India

Alibaba’s UCWeb to launch an e-commerce service in India UCWeb, a subsidiary of Chinese giant Alibaba Group, plans to launch an e-commerce service in India in the coming months. In a statement to TechCrunch, a UCWeb spokesperson said the firm plans to build an e-commerce service around content platforms in India. The […]

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Alibaba to help Salesforce localize and sell in China

Alibaba to help Salesforce localize and sell in China Salesforce, the 20-year-old leader in customer relationship management (CRM) tools, is making a foray into Asia by working with one of the country’s largest tech firms, Alibaba. Alibaba will be the exclusive provider of Salesforce to enterprise customers in mainland China, Hong Kong, […]

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