Alibaba

Ant Group, controlled by Alibaba founder Jack Ma, filed a listing prospectus with China's Nasdaq-style sci-tech innovation board, also known as the STAR market, and concurrently filed an A1 Application Proof with the Hong Kong Stock Exchange, a key step towards its A+H dual listing.

Based on sustainability concerns, Alibaba has decided to discontinue the services of UCWeb and other innovative businesses in India, Zhang Yong, chairman and chief executive officer of Alibaba, said on Thursday during the company's analyst call for the first quarter of fiscal 2021.

The WeChat team today announced that the mini-store, which began internal testing on July 24, is fully open to companies, individually owned businesses, and individuals.

Alibaba Cloud announced today that it will fully serve the construction of Beijing City Brain, using AI to alleviate local traffic congestion problems.

DAMO Academy, Alibaba's research and innovation institute, today announced that its sensing algorithm has enabled high-beam simulation of low-wire-beam LiDAR. This indirectly increases the LiDAR wiring harness by a factor of three or more, enabling low-cost generic LiDAR to replace high-cost radar, it said. 

At the time of flooding in many parts of China, DAMO Academy, Alibaba's research and innovation institute, urgently upgraded its remote sensing AI technology and developed water body recognition algorithms for flood control to support the Ministry of Water Resources' monitoring and analysis.

Alibaba's Ant Group plans to raise $30 billion in a dual listing in Shanghai and Hong Kong that is expected to happen as soon as September, according to the Hong Kong Economic Journal.

Less than half a month after raising $500 million in a Series C+ round, Chinese electric car company Xpeng Motors has raised another round of over $300 million in funding, according to 36Kr. 

China’s top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, Reuters reported on Friday citing sources with knowledge of the matter. 

Alibaba Cloud, the biggest cloud service provider in China by market share, today announced the opening of three super data centers in Nantong, Hangzhou and Ulanqab that will add over a million servers.