The Integrity, Notification, and Fairness in Online Retail Marketplaces (INFORM) for Consumers Act, a bipartisan legislation aimed at combating organized retail crime on online marketplaces like Amazon and Facebook, went into effect on Tuesday. The law requires online marketplaces to protect consumers from counterfeit, unsafe, and stolen goods by implementing measures against bad actors. The …
JD.com, the Chinese e-commerce giant, has established a new division called “Innovative Retail” that will oversee its grocery business, 7Fresh. This move comes as the company undergoes a management reshuffle. In addition to 7Fresh, the Innovative Retail unit will also include JD’s group buying unit, Pinpin. Yan Xiaobing, a company veteran who previously led JD’s …
Alibaba, the Chinese e-commerce giant, has announced that Joe Tsai, the billionaire owner of the Brooklyn Nets, will become the company’s chairman. Tsai, a Taiwanese-Canadian billionaire with a net worth of $7.7 billion, will replace Daniel Zhang, who is stepping down to focus on Alibaba’s cloud division. Tsai, who graduated from Yale, co-founded Alibaba in …
Alibaba announced a significant leadership reshuffle on Tuesday, as CEO and Chairman Daniel Zhang plans to step down this year and be succeeded by veterans at the Chinese tech giant. Eddie Yongming Wu will assume the role of CEO, while Joe Tsai will take over as chairman on Sept. 10. These two executives are long-time …
Zhang has announced his decision to step down as Chairman and CEO of Alibaba Group, as part of his own long-term plan. This move aligns with Zhang’s focus on cloud computing, which he emphasized in a 2018 interview with CNBC, declaring it as the company’s main business for the future. Dear Aliren, Since assuming the …
At the Viva Tech conference in Paris, France, Michael Evans, President of Alibaba Group, announced that the company is planning to bring its Tmall e-commerce site to Europe. This move signifies a significant step in Alibaba’s international expansion efforts. Just a couple of months ago, Alibaba revealed its intention to divide its business into six …
In a recent investor presentation reviewed by Reuters, owner Elon Musk and new Chief Executive Linda Yaccarino shared Twitter’s plans for revitalizing the company’s business beyond digital advertising. Yaccarino, who took on the role of CEO on June 5th, mentioned that Twitter is engaging in early conversations with political and entertainment figures, payments services, and …
Alibaba founder Jack Ma is reportedly in good spirits amidst China’s crackdown on his business empire, according to company President Michael Evans. Photograph by Costfoto, courtesy of Future Publishing via Getty Images PARIS — Alibaba founder Jack Ma is alive and well, reassures Chinese e-commerce giant’s President at the Viva Tech conference in Paris. Ma’s …