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In July 2014, Alibaba Cloud entered into a partnership deal with Inspur. Alibaba Cloud is the largest high-end cloud computing company in China. [135] In 2009, Alibaba acquired HiChina, the largest domain registration service and web hosting service company in China, and built it into Alibaba Cloud. [136]
In 2003, eBay acquired Eachnet, China's online auction leader at the time, [7]: 51 for US$180 million. It became a major contender in the Chinese consumer e-commerce market. [8] Responding to eBay's moves Alibaba launched Taobao as a rival consumer-to-consumer platform. [7]: 51 To counter eBay's expansion, Taobao offered free listings to sellers.
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.
Alibaba completed its three-year-long overhaul this summer, bringing it into full compliance with China's stricter regulations, following an anti-monopoly investigation that led to a $2.6 billion ...
In its most recent quarter, Alibaba’s International Digital Commerce Group (AIDC) saw revenue grow 32% year on year, while overall growth for the company, including divisions for Chinese ...
(Reuters) -China's Alibaba Group Holding reported an 86% plunge in fourth-quarter profit on Tuesday primarily due to valuation changes from equity investments, pushing its U.S.-listed shares down ...
Tmall (simplified Chinese: 天猫; traditional Chinese: 天貓; pinyin: Tiānmāo), formerly Taobao Mall, is a Chinese-language website for business-to-consumer (B2C) online retail, spun off from Taobao, operated in China by Alibaba Group.
Last week, China’s central bank shared plans to cut banks’ reserve requirement ratio (RRR) by 50 basis points or half a percentage point and lower the seven-day reverse repurchase rate to 1.5% ...
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