Alibaba Group Holding Ltd – ADR (NYSE: BABA) Participates In A $300 Million Funding Round To Boost Deeproute.ai

Alibaba Group Holding Ltd – ADR (NYSE: BABA) has channeled funds into a  $300 million funding round to support DeepRoute.ai., an autonomous driving start-up in China. The Shenzhen-based start-up has over the years focused on the development of self-driving systems, and it wishes to take its game a notch higher. It has also been operating a  fleet […]

Alibaba Group Holdings Ltd (NYSE: BABA) Pledges to Invest in Common Prosperity Incentive

Alibaba Group Holdings Ltd (NYSE: BABA) in China is planning to invest 100 billion yuan by 2025 to support ‘common prosperity’. It is the latest corporate giant to support the initiative, which President Xi Jinping has promoted. Alibaba has announced ten programs to provide care to vulnerable groups, job creation and technological innovation. Other companies […]

JD.com Inc (NYSE: JD) To Release Q2 2021 Earnings, What to Expect?

JD.com Inc (NYSE: JD) will report its Q2 2021 financial results on August 23, 2021, and the primary metric to look at is robust momentum across the JD Retail segment, which is expected to be the main growth driver.  JD Retail seeing enhanced growth momentum  Ahead of the release, JD.com’s intensified efforts to fulfill and […]

The Valuation of Trendyol Projected to Reach $16.5 Billion

Harvard Business School dropout Demet Mutlu happens to be the big name behind the formation of Trendyol. Reports indicate that he founded the company back in 2010, but it is unbelievable that he could have projected the massive growth it continues to achieve currently. Reports show it is performing quite a while, considering that it has […]

Alibaba Group Holding Ltd (NYSE: BABA) 72-Hour Global Delivery Plan Sparks Up E-Comm War With Fellow Giants Amazon.com, Inc. (NASDAQ: AMZN)

According to reports by the reports, china-based e-comm conglomerate Alibaba Group Holding Ltd (NYSE: BABA) is intensifying its rivalry with Amazon.com, Inc. (NASDAQ: AMZN) by promising consumers 72-hour deliveries all across the globe Wall Street Journal. Alibaba is looking to ensure it can deliver goods within 72 hours from China to anywhere in the world. Faster delivery and […]

Chinese e-commerce Alibaba Group Holding Ltd – ADR (NYSE: BABA) Challenges Amazon.com, Inc. (NASDAQ: AMZN) With a Fast Global Shipping Promise

Alibaba Group Holding Ltd – ADR (NYSE: BABA), a Chinese e-commerce firm, is challenging Amazon.com, Inc. (NASDAQ: AMZN) by swearing fast deliveries anywhere on the planet from China. Moreover, WSJ visits Alibaba’s warehouse to witness how automated robots and logistics networks are assisting it is expanding globally. Why Alibaba Challenges Amazon? China’s e-commerce giant is […]