New era at Alibaba as Jack Ma rides into the sunset

[ad_1] Jack Ma is waving goodbye to Alibaba after 20 years at the helm Jack Ma steps aside on Tuesday as chairman of Alibaba, ending a spectacularly successful 20-year run during which the charismatic former English teacher’s e-commerce company left a profound impact on China’s economy. Ma, who turns 55 on Tuesday, hands the reins […]

Jack Ma eases out of a thriving Alibaba

[ad_1] Jack Ma is a former English teacher whose often playful image shattered the stereotype of the drab Chinese executive Jack Ma steps down next week as chairman of Alibaba, but the start-up he built into an online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation […]

Alibaba buys NetEase's import e-commerce unit for $2bn

[ad_1] Alibaba will pay $2 billion for Kaola and invest $700 billion in NetEase Cloud Music Alibaba Group has bought the e-commerce platform of NetEase for about $2 billion and will participate in a $700 million investment in NetEase’s music streaming service, the two Chinese firms said on Friday. The move will see e-commerce titan […]

Alibaba co-founder Tsai set to own all of NBA Nets: reports

[ad_1] Kyrie Irving, left, and Kevin Durant of the Brooklyn Nets could have a new NBA boss as reports have Alibaba Group co-founder Joseph Tsai buying complete control of the team Joseph Tsai, co-founder of Chinese e-commerce giant Alibaba, is expected to purchase full control of the NBA’s Brooklyn Nets from Russian businessman Mikhail Prokhorov, […]

Alibaba revenue jumps in first quarter

[ad_1] Chinese e-commerce giant Alibaba said 2019 first quarter revenues beat analyst estimates Chinese e-commerce giant Alibaba said Thursday that first quarter revenue beat analyst estimates, defying a slowing economy and a trade war with the United States. Revenue for the April-June period rose 42 percent year-on-year to 114.9 billion yuan ($16.7 billion), a company […]

Alibaba reveals processor based on RISC-V architecture

[ad_1] Credit: CC0 Public Domain An Alibaba chip subsidiary Pingtouge has launched a chip processor suited for high performance applications. It’s a RISC-V processor. Nitin Dahad, EE/Times: “Pingtouge said its processor achieves 7.1 Coremark/MHz at a frequency of 2.5GHz on a 12nm process node, which is 40 percent more powerful than any RISC-V processor produced […]