Alibaba Explores Selling Consumer Assets: RT-Mart and Freshippo LeapRate

February 02, 2024 BY Simon Mugo

Alibaba Explores Selling Consumer Assets: RT-Mart and Freshippo

One source in the exclusive report noted that this strategic move is part of Alibaba's refocused strategy under the leadership of chairman Joe Tsai and the newly appointed CEO Eddie Wu, aiming to concentrate on its original and profitable e-commerce operations while stepping away from non-essential and unprofitable segments. The company has initiated discussions with…

January 24, 2024 BY Elizabeth Anderson

Alibaba co-founder and chair buys significant chunks of BABA shares

Reportedly, Ma, who had a $24.6bn net worth as of 23 January, forked out $50m for his company’s Hong Kong traded stock. The same report also indicated Tsai used his Blue Pool Management family enterprise to buy around $151m of Alibaba’s US-traded stock. According to Reuters, the Chinese business magnate’s media management division, the Jack…

March 19, 2019 BY Mariela Naydenova

Alibaba Group takes control of the “infamous” AlibabaCoin

Many know that AlibabaCoin is actually not a product of Alibaba Group China. It is a product of the Dubai-based ABBC Foundation (Alibabacoin Foundation). Upon understanding of the AlibabaCoin’s existence, the Chinese company filed a lawsuit, as the name AlibabaCoin wrongly leads to Alibaba Group. However, the lawsuit may have come out of a different…

Tag: Alibaba Group