Alibaba

Chinese multinational technology company Alibaba Group and German multinational software firm SAP SE announced Wednesday a strategic partnership to jointly accelerate enterprise innovation and digital transformation through advanced cloud and artificial intelligence (AI) technologies.

Many of those projects are built without clear customers in mind, Tsai told the HSBC Global Investment Summit in Hong Kong on Tuesday.

LVMH Group, the world leader in luxury products, and Alibaba Group, the leading e-commerce and technology company in China, have on Thursday announced an extended partnership to enhance luxury experience in China, leveraging Alibaba’s cloud technologies, through artificial intelligence (AI)-powered innovations in retail and on-line with Tmall.

The new reorganisation plan will be announced by Jan 15, sources said.

Junior and senior employees from multiple departments, including the commercial and marketing teams, were affected.

In the interview, Alibaba Cloud Vice President and General Manager of Enterprise Service Cloud William Xiong also shared about how digitization can help carbon neutralisation, insights on the latest development and technology for carbon management, Alibaba’s own approach to carbon reduction, among others.

Cainiao emerged as the 10 th best performing unicorn in the world with an estimated valuation of $27 billion, an $8 billion increase from the company’s pre-pandemic valuation.

It was reported that Alibaba intends to split its operations into six standalone units, each managed by a different chief executive.

Alibaba Cloud commits to $1 billion investment to boost ecosystem capabilities while showcasing new products and comprehensive customer support for complete services.