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In early 2017, Alibaba and Intime's founder Shen Guojun agreed to pay as much as HK$19.8 billion (US$2.6 billion) to take the store chain private. Alibaba's stake—28% from 2014's US$692 million investment—would rise to about 74% after the deal. [28]
AliExpress (Chinese: 全球速卖通) is an online retail service based in China and owned by the Alibaba Group. [1] Launched in 2010, [ 2 ] [ 3 ] it is made up of small businesses in China and other locations, such as Singapore, that offer products to international online buyers.
Cainiao Smart Logistics Network Limited (Chinese: 菜鸟网络科技有限公司), formerly known as China Smart Logistics Network, is a Chinese logistics company launched by Alibaba Group, jointly with eight other companies, on 28 May 2013. [1]
Alibaba Cloud, also known as Aliyun (Chinese: 阿里云; pinyin: Ālǐyún; lit. 'Ali Cloud'), is a cloud computing company, a subsidiary of Alibaba Group . Alibaba Cloud provides cloud computing services to online businesses and Alibaba's own e-commerce ecosystem.
In 2023, Alibaba was restructured internally into six business units held by a holding company in response to China's regulatory pressure to decentralise its business power. [28] and Lazada was placed under the Alibaba International Digital Commerce (AIDC) business unit. [29] AIDC would inject up to US$1.8 million into Lazada in 2023. [30]
BATX is an acronym standing for Baidu, Alibaba, Tencent, and Xiaomi, the four biggest [1] tech firms in China, often compared to GAMMA (Google, Amazon, Meta , Microsoft, Apple) [2] in the United States. BATX were some of the first tech companies started in the 2000s during the rise of the Chinese technology revolution and quickly became widely ...
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