Trudy Dai has been replaced as the group faces fierce competition in two key segments.
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While rumors circled around Luohan Academy’s closure, it is Damo Academy—Jack Ma’s other “training ground”—that bears a greater responsibility for future profit generation.
With Meituan in the lead, Douyin posing a challenge, and other contenders striving to catch up, the jury is still out on the future state of China’s local lifestyle sector.
By using blockchain technology to transfer accurate battery data to downstream recycling companies, AntChain can cut recycling costs while facilitating cascade utilization.
Former Alibaba chief Daniel Zhang has stepped down from his role as the head of Alibaba Group’s cloud division, concluding his active roles within the organization after 16 years of service.