China’s Alibaba launches ‘outlet’ platform to shift luxury overstock – Finance- Tempemail – Blog – Emails

Chinese e-commerce giant Alibaba Group has launched a new luxury platform targeting younger consumers that also aims to help high-end brands shed excess inventory built up during the global coronavirus lockdown. Chinese shoppers account for more than a third of global luxury goods spending and China was the first key market to be hit by […]

Alibaba demotes top executive after probe into behaviour – Training & Development- Tempemail – Blog – Emails

Chinese e-commerce giant Alibaba Group has demoted Jiang Fan, one of its most senior executives, after an internal investigation into allegations of improper behaviour, according to a person familiar with the matter. Alibaba removed Jiang, who oversaw the company’s main online shopping divisions, from a partnership of 38 people which appoints some Alibaba board members. […]

Indian SMEs to benefit from Alibaba Cloud’s $30mn programme- Tempemail – Blog – Emails

Read Article Small and medium-sized enterprises (SMEs) in India are set to benefit from a $30 million global “anti-COVID” programme that Alibaba Cloud, the data intelligence backbone of Chinese e-commerce giant Alibaba Group. The “Global SME Enablement Programme” will provide cloud technology relief to both new and existing SME customers of the company around the […]

Alibaba to invest $45 billion in cloud services – Finance – Cloud- Tempemail – Blog – Emails

Alibaba said it will invest 200 billion yuan (A$44.8 billion) in its cloud infrastructure over three years – a plan that follows a boom in demand for business software as the coronavirus outbreak peaked in China. The company said in a statement it will spend the funds on semiconductor and operating system development as well […]