Singles day

Alibaba rakes in $10b in sales in the first hour of Singles’ Day

Chinese e-commerce behemoth Alibaba Group Holding Ltd settled roughly 69 billion yuan (US$9.92 billion) in the first hour of its annual Singles’ Day today, up roughly 21 per cent from last year’s early haul of 57 billion yuan. Singles’ Day is the world’s biggest online sales event and last year netted Alibaba 168 billion yuan (US$24.15 billion) in total sales. A disproportionately
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travel activities App

Alibaba and Line invest in Travel activities startup KKday

Taiwan’s KKday, a startup in the increasingly competitive travel activities space, has pulled in an undisclosed funding round that adds two strategic investors to its business: Chinese e-commerce firm Alibaba and Japanese chat app company Line. KKday was founded in 2015 to help people who travel overseas find and book activities, ranging from tours to tourist attractions, transportation, museums and more. The company said it
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First batch of Hong Kong AI Lab accelerator to be launched by Alibaba and SenseTime

As part of the Hong Kong government’s effort to boost innovation in areas including AI, biotech and fintech, e-commerce giant Ali Baba and Hong Kong’s first unicorn SenseTime established The Hong Kong AI Lab in May. It has now picked seven startups that will receive funding under its accelerator program. The AI lab will provide each of the selected startups
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The Postal Division To Collaborate With Alibaba, Amazon

The postal division is going to collaborate with global e-commerce giants Alibaba and Amazon to deliver their products across Bangladesh. A pilot project will be launched within a short-time, said Tarana Halim, state minister for telecom and postal division. Through this initiative, online buyers are now able to receive their products from e-commerce sites, delivered to their doorsteps in Dhaka.
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Thailand’s Government And Alibaba Working Together To Help SMEs Succeed In E-Commerce

Thailand’s Government and Alibaba have agreed to work together to provide e-commerce training for Thai SMEs and individuals- and Alibaba will also be working with Thailand Post to help boost the country’s supply-chain and logistics-systems. Thailand’s Deputy Prime Minister Somkid Jatusripitak and Alibaba Group’s Executive Chairman Jack Ma witnessed the signing of a Letter of Intent on the new
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