Alibaba

Between its Hong Kong IPO on November 26 last year and July 2 this year, Alibaba founder Jack Ma's shareholding in the company was reduced by over 233.86 million shares, bringing his shareholding to less than 5% for the first time.

Ant Group, the fintech arm of Alibaba, plans to go public in Hong Kong float as soon as this year, Reuters reported citing two sources with knowledge of the matter, adding it targets a valuation of more than $200 billion.

Alipay said today that it will distribute nationwide consumption vouchers for 17 consecutive days from July 1, totaling 10 billion yuan. 

Alibaba has recently set up an intelligent search business unit, headed by Wu Jia, general manager of UC browser business unit, who reports to Zhu Shunyan, president of Alibaba's innovation business group, Sina Tech said, citing company insiders.

Alibaba's Ant Financial Services Group has corporatized its database product, OceanBase, into a 100% owned database company.

The latest iteration of Alibaba DAMO Academy's high-precision positioning system, based on a tightly coupled algorithm fused with multiple sensors, achieves centimeter-level positioning that is not dependent on GPS signals.

Alibaba today announced the launch of an instant delivery service called "Delivery in An Hour" on its Taobao App in 16 cities across China.

Gartner recently released its "Solution Comparison for the Native Security Capabilities" report, the first comprehensive assessment of the security capabilities of the world's leading cloud vendors.

The gross merchandise volume (GMV) in Alibaba's platforms surpassed $1 trillion for the first time in the 12 months ended March 31, 2020, reaching RMB 7.053 trillion, while there were 960 million annual active users.

On May 20, Tmall Genie hosted this year's spring launch. At the press conference, Ali announced that he will invest 10 billion yuan this year, around Tmall Genie comprehensive layout AIoT and content ecology field.