The European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of the Digital Services Act. The probe will look at the online marketplace’s management and mitigation of risks, content moderation, handling of complaints, transparency of advertising, traceability of traders and accessibility...
Chinese tech giant Alibaba says it will not spin off its cloud intelligence business. The decision, announced Thursday (Nov. 16) along with the company’s quarterly earnings, is apparently the result of the U.S. government’s restrictions on cloud and artificial intelligence (AI) technology imports to China. “Given the uncertainties...
China’s Alibaba Group is reportedly planning to take its logistics business public. The tech giant is in discussions with banks for an initial public offering (IPO) for its Cainiao Smart Logistics Group on the Hong Kong market, Bloomberg News reported Thursday (March 30), citing people...
China’s Alibaba Group has reportedly sold half its take in Indian payments firm Paytm. The company sold its 3.1% stake in Paytm for $125 million via a block deal on Thursday (Jan. 12), Reuters reported, citing a source with direct knowledge of the sale. Shares...
March 15, 2017
Who said that money transmitters with large physical footprints weren’t sexy? In a turn of events — surprising enough that if it had happened two weeks from now we might have been tempted to write it off as an April Fool’s joke — Euronet has thrown in an unsolicited bid to acquire MoneyGram. Divulged yesterday morning, the […]
March 14, 2024
The European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of the Digital Services Act. The probe will look at the online marketplace’s management and mitigation of risks, content moderation, handling of complaints, transparency of advertising, traceability of traders and accessibility of data to researchers, the EC said in a Thursday […]
November 16, 2023
Chinese tech giant Alibaba says it will not spin off its cloud intelligence business. The decision, announced Thursday (Nov. 16) along with the company’s quarterly earnings, is apparently the result of the U.S....
March 30, 2023
China’s Alibaba Group is reportedly planning to take its logistics business public. The tech giant is in discussions with banks for an initial public offering (IPO) for its Cainiao Smart...
January 12, 2023
China’s Alibaba Group has reportedly sold half its take in Indian payments firm Paytm. The company sold its 3.1% stake in Paytm for $125 million via a block deal on...
