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 […]

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 […]

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 […]