Alibaba’s Daniel Zhang to step down as group chairman and CEO
Article source: Nikkei Asia, June 20, 2023 Need help? We have solutions. Lean on our 15 years of expertise to grow your brand effectively in Asia-Pacific. Contact us and we will set up a call to discuss your requirements in detail. Get in touch
Alibaba eyes full Cloud spinoff and IPOs for Cainiao, Freshippo
“The key question for Alibaba in 2023 is how far Chinese households will dip into the record savings they accumulated during the pandemic,” said Jacob Cooke, co-founder and CEO of WPIC Marketing and Technologies, a Beijing based e-commerce consultancy.
China watches ‘lay-flatters’ as risk to economy
This article originally ran on Nikkei Asia on June 19, 2021. China’s May retail sales announced on Wednesday increased 12% year on year but came in below market expectations as the increase was largely due to a rebound from a steep decline driven by the COVID-19 pandemic. Restaurant revenues and home appliance sales remained weak. […]