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The Latest Breaking News from Taobao

Alibaba Chases Price-Sensitive Customers To Salvage Sales Growth

Alibaba Group Holding Limited (NYSE: BABA) has turned to the ~930 million consumers in third and fourth-tier cities to boost its slowing sales growth,

Alibaba Continues Restructuring; CEO Daniel Zhang Steps Down From Tmall, Taobao

Alibaba Continues Restructuring; CEO Daniel Zhang Steps Down From Tmall, Taobao

Alibaba Group Holding Ltd (NYSE:BABA) Chair and CEO Daniel Zhang stepped down as Chairman and General Manager of Zhejiang Tmall Technology Co., Ltd. and Taobao (China) Software Co., Ltd, the Pandaily reports. Trudy Dai will succeed Zhang. There are currently 16 companies under Zhang’s name, six of which he holds the position…

Alibaba's Jack Ma Severes Ties With Co-founded Lifestyle Firm

Alibaba's Jack Ma Severes Ties With Co-founded Lifestyle Firm

Alibaba Group Holding Ltd (NYSE:BABA) founder Jack Ma Yun and movie star Jet Li have quit Taiji Zen International lifestyle firm, the Global Times reports. Li stepped down as President and GM of Taiji, while Ma led Hangzhou Kunbao Investment Consultancy Co no longer remained a shareholder of the company. Taiji’s official…

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US Adds Messaging Platforms Of Alibaba, Tencent To Its Counterfeit List

The U.S. added Alibaba Group Holding Ltd's (NYSE:BABA) AliExpress and Tencent Holdings Ltd's (OTC:TCEHY) WeChat messaging platforms to its list of notorious markets for counterfeiting and piracy Bloomberg reports. The messaging platforms were "two significant China-based online markets that reportedly facilitate substantial trademark counterfeiting," the Office of the U.S. Trade Representative said. WeChat and Weixin,…

Alibaba, TikTok Parent Launch Interest-Oriented Social Apps: Report

Alibaba Group Holding Ltd (NYSE:BABA) owned online shopping platform Taobao launched an interest-oriented community app called "Yousha" Pandaily reports. TikTok parent ByteDance Ltd's news and information content platform Toutiao tested a smart reading app called "Shiqu." The report adds that both the apps drive social interaction with personal interests, creating an interactive…

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