Thursday, 17 October 2019

Tag Archives: Alibaba Group

Alibaba to buy Kaola unit from NetEase for $2bn

Alibaba Group Holding Ltd has agreed to pay $2 billion in cash to buy Chinese e-commerce firm Kaola, local news outlet Caixin reported. Kaola, owned by Nasdaq-listed NetEase Inc, sells apparel, household appliances and other products, and is the biggest among Chinese shopping sites selling imported goods. Both Alibaba and ...

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At Alibaba’s Futuristic Hotel FlyZoo, Robots Deliver Food, Towels

HANGZHOU: Gliding silently through Alibaba Group Holding Ltd’s futuristic “FlyZoo” hotel, black disc-shaped robots about a metre in height deliver food and drop off fresh towels. The robots are part of a suite of high-tech tools that Alibaba says drastically cuts the hotel’s cost of human labor and eliminates the ...

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Alibaba founder expresses interest in Pakistan’s e-commerce sector

DAVOS: Chairman Alibaba Group Jack Ma met Prime Minister Nawaz Sharif on Wednesday and expressed his interest in investing in Pakistan’s e-commerce sector. “We are ready to invest for establishing an e-commerce platform in Pakistan,” said Ma while meeting the premier on the sidelines of the World Economic Forum in ...

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