More than 360 African entrepreneurs have signed up for the second class of the Alibaba Netpreneur Training program, which is run by Alibaba Global Initiatives (AGI), the professional training division of the Alibaba Group. Since its debut in 2019, the Alibaba Netpreneur Training Programme has successfully trained close to 1,500 entrepreneurs across Africa, Europe, Latin…
China’s ruling Communist Party is pressuring Alibaba to enter the difficult and costly business of designing its own processor chips in order to help China become a self-sufficient “technology superpower” — a business unlike anything the world’s largest e-commerce company has done before. T-Head, its 3-year-old chip unit, unveiled its third processor, the Yitian 710,…
On Monday, Alibaba announced a reorganization of its international and domestic e-commerce businesses, as well as the appointment of a new chief financial officer. The changes come as Alibaba faces multiple headwinds, including increased competition, a slowing economy, and regulatory scrutiny. In order to become more agile and accelerate growth, Alibaba announced the formation of…