China’s Alibaba Group says the head of its cloud unit — and ex-CEO — will resign. A report Sunday (Sept. 10) by Reuters notes that the departure of Daniel Zhang is a surprise, as he had left his role as the company’s chairman and CEO...
Alibaba Group Holding has reportedly decided to delay the potential initial public offering (IPO) of its grocery chain, Freshippo, in Hong Kong due to weak sentiment for consumer stocks. The company had initially targeted a valuation of $6 billion to $10 billion, but after discussions with potential...
Today in food commerce, Alibaba mulls a fundraise for its Freshippo grocery chain in China, valued at $10 billion, while retail giants race to overcome grocery shortages. Plus, there’s a look at how frictionless concessions can ease event-goers’ main point of friction. Alibaba Weighs Fundraise...
Alibaba is weighing a fundraise for its Freshippo grocery chain in China that has an estimated valuation of $10 billion, Bloomberg reported on Friday (Jan. 14), citing unnamed sources familiar with the plans. The funding round is anticipated to take place in February. Freshippo is...
February 02, 2024
Chinese tech giant Alibaba Group is reportedly considering selling several of its brick-and-mortar businesses, including grocery business Freshippo, retailer RT-Mart and shopping mall operator Intime. The decision comes as Alibaba aims to focus on its core eCommerce business model and divest non-core, non-profitable units, Reuters reported Friday (Feb. 2), citing unnamed sources. Alibaba Group did […]
September 10, 2023
China’s Alibaba Group says the head of its cloud unit — and ex-CEO — will resign. A report Sunday (Sept. 10) by Reuters notes that the departure of Daniel Zhang...
September 08, 2023
Alibaba Group Holding has reportedly decided to delay the potential initial public offering (IPO) of its grocery chain, Freshippo, in Hong Kong due to weak sentiment for consumer stocks. The company had...
January 14, 2022
Alibaba is weighing a fundraise for its Freshippo grocery chain in China that has an estimated valuation of $10 billion, Bloomberg reported on Friday (Jan. 14), citing unnamed sources familiar...
