Search results for "alibaba"

November 29, 2023
Richemont Has No Plan to Invest in Luxury Brand Farfetch

Cartier owner Richemont reportedly has no intention of investing in luxury retailer Farfetch. The company made that announcement Wednesday (Nov. 29) following the news that Farfetch could be considering becoming a private company, Reuters...


November 28, 2023
Report: Farfetch Founder José Neves Aims to Take Company Private 

The founder of online luxury fashion retailer Farfetch, José Neves, reportedly aims to take the company private.  Neves, who has a 15% stake and 77% of the voting rights, is working with...


November 28, 2023
Alibaba Health’s $1.73 Billion Deal to Boost Online Health Store...

Alibaba Health Information revealed a groundbreaking move on Tuesday, announcing a strategic deal worth HK$13.51 billion ($1.73 billion) to acquire certain services of Alibaba’s marketing tool. The deal involves the...


November 17, 2023
This Week in AI: Accelerationism, AGI and the Law

What could you do by your first birthday? Chances are — not much, beyond maybe walking and gurgling a word or two. For generative artificial intelligence (AI), the level of...


November 16, 2023
Alibaba Jettisons Cloud Spin-Off Amid Focus on AI

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....


November 16, 2023
Alibaba Abandons Cloud Business Spin-off Amidst US Chip Export Ban

Alibaba Group Holdings Ltd. has abruptly abandoned its plans to spin-off its cloud business, citing uncertainties arising from the recent U.S. export restrictions on chips integral to artificial intelligence (AI)...


November 10, 2023
Man Gets 16-Year Prison Sentence in Alibaba IPO Fraud Case

A man was sentenced to nearly 16 years in prison for orchestrating a fraud related to Alibaba’s 2014 initial public offering (IPO). Frank Harold Rosenthal claimed to have a connection...


November 07, 2023
Shein Claims Top Spot in PYMNTS’ Provider Ranking of Shopping...

The holidays are fast approaching, and gifts are on everyone’s minds. With so many shopping apps available, it can be overwhelming to pick one to browse. Fortunately, PYMNTS has you...


November 06, 2023
Chinese AI Unicorn 01.AI Claims to Rival Meta’s Llama 2

Chinese artificial intelligence (AI) startup 01.AI has reportedly reached unicorn status less than eight months after launching. The company, founded by computer scientist and Google/Microsoft veteran Kai-Fu Lee, was valued at more than...


Back-Office Optimization
Alibaba Bridges Cross-Border B2B Buyer-Seller Trust Gap The “Back-Office Optimization Playbook,” done in collaboration with Coupa and TransferMate, is your go-to monthly resource for updates on trends and changes in cross-border B2B payments automation.