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15.07.25 - 09:45
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Jack Ma Requests Taobao Instant Commerce to Stabilize at 80M Orders: Report (AAStocks)
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Amid intense competition among Chinese e-commerce platforms, Jack Ma, founder of BABA-W (09988.HK) (BABA.US), requested last weekend Taobao Instant Commerce to stabilize at 80 million orders, Chinese media reported.In addition, media reports are saying that Alibaba is planning to launch a promotional event named "Super Satu......
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15.07.25 - 04:48
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Hong Kong stocks surge as China′s second-quarter growth exceeds expectations (SCMP)
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Hong Kong stocks rose by the most in two weeks on Tuesday after China's second-quarter economic growth came in above expectations.
The Hang Seng Index advanced 1.4 per cent to 24,545.57 at 10am local time, the most since June 24, adding to the 0.3 per cent increase on Monday. The Hang Seng Tech Index jumped 2 per cent. On the mainland, the Shanghai Composite Index slipped 0.1 per cent, while the CSI 300 Index rose 0.4 per cent.
E-commerce giant Alibaba Group Holding jumped 2.1 per cent to......
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15.07.25 - 04:00
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H Shrs: HSI Starts Higher by 78Pts; TME-SW Soars 4%; CMSC Leaps 15% (AAStocks)
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Hong Kong bourse started higher, tracking U.S. market upswing, as China prepared to release 2Q25 GDP and key “troika” economic indicators. The HSI opened up 78 points or 0.3% at 24,281; the HSCEI rose 30 points or 0.3% to 8,763; and the HSTECH gained 14 points or 0.3% to 5,297.In tech, reports of Alibaba joining the ......
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15.07.25 - 03:15
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Alibaba VP Ye Jun Reportedly Resigns (AAStocks)
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Ye Jun, Vice President of BABA-W (09988.HK)(BABA.US) and former CEO of DingTalk, has completed the approval process and is about to resign, according to hearsay. Ye Jun has already resigned, based on the confirmation from insiders by the STAR Market Daily. In May, Ye had stepped down as the legal representative, executive direct......
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14.07.25 - 09:06
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Alibaba delivers 80 million orders in 1 day amid price war (SCMP)
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Alibaba Group Holding tied its own record of 80 million on-demand deliveries on Saturday, the e-commerce giant reported on Monday, as it wages an all-out battle against rivals Meituan and JD.com in China's quick-delivery market – with freebies and eye-popping discounts as the ammunition.
Alibaba's new instant commerce brand Taobao Shangou said its daily active users last week jumped 15 per cent from the previous week, which would put number at around 230 million, though the company did not......
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