Alibaba

Alibaba Cloud’s EBITA for Q4 2023 rose despite experiencing a dip in revenue.

Whether Alibaba sells those businesses or not, it’s growingly evident that the Chinese tech giant is shifting its focus from new retail back to e-commerce.

Joseph Tsai and Jack Ma recently acquired a hefty chunk of Alibaba’s stocks, emerging as the largest shareholders. Market observers are left pondering the significance of this power move.

In a message to all employees, Yu Yongfu, CEO of Ele.me, sought to quash the rumors before they escalate further.

Several contenders exist, but the verdict on the future leader of Southeast Asia’s e-commerce market remains pending.

To categorize the recent layoffs merely as a cost-cutting measure might risk oversimplifying the more nuanced strategy that Alibaba is implementing at Lazada.

Consumers flock to the 1688.com wholesaling site as the economy loses steam.

Lazada’s decision to retrench employees may be unpalatable, but Shopee’s recent trajectory suggests that it could be a strategic move for the company.