Alibaba

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.

The panelists discussed the challenges and opportunities workers faced when during the "work from home" period, the concerns employers have during those times and how can technology help companies to communicate and engage their employees better in a hybrid workplace.

The CSRC, however, also said that it "supports qualified platform companies to list within China and overseas".