JIANLI, China, June 3 (Reuters) – More than 200 divers
combed a capsized Chinese ship in the Yangtze River on Wednesday
looking for more than 400 missing people, many of them elderly
Chinese tourists, as Premier Li Keqiang called for a transparent
Only seven bodies have been recovered so far and 14 people
found alive. Among the few rescued was an elderly woman who had
been trapped in an air pocket in the ship, which capsized during
a freak tornado on Monday night.
JIANLI COUNTY, China (Reuters) – Rescuers fought bad weather on Tuesday as they searched for more than 400 people, many of them elderly Chinese tourists, missing after a cruise boat was buffeted by a freak tornado and capsized on the Yangtze River.
The accident on Monday night is likely to end up as China’s worst shipping disaster in almost 70 years.
HANGZHOU, China, May 28 (Reuters) – The logistics arm of
Chinese e-commerce giant Alibaba Group Holding Ltd is
lining up a major warehouse expansion to streamline deliveries
across the nation, devoting a large slice of long-term $16
billion investment plans to adding new space.
The business, called Cainiao, will nearly quintuple
warehouse space it owns now to around 5 million square metre (54
million sq ft) next year – easily big enough to hold New York’s
Central Park – President Judy Tong said in an interview on
PUTIAN, China (Reuters) – Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.
In the coastal city of Putian, in Fujian province, Alibaba is working with 17 shoe manufacturers to cultivate home-grown brands online, revitalize a flagging industry and offer would-be counterfeiters an alternative source of livelihood.
HANGZHOU, China (Reuters) – When it comes to fighting fakes, Alibaba’s head of internet security says cooperation beats the courtroom any day.
Ni Liang, who runs the Hangzhou, China-based company’s anti-counterfeiting operations, was speaking to Reuters days after Gucci, Yves Saint Laurent and other luxury brands owned by Paris-based Kering SA sued Alibaba in New York, alleging the e-commerce giant had knowingly made it possible for counterfeiters to sell fakes.
SHANGHAI (Reuters) – When Alibaba Group Holding Ltd’s eccentric founder Jack Ma stepped down as CEO two years ago, he declared “the Internet belongs to young people,” and promised that most of the company’s leaders born in the 1960s would soon retreat from management.
On Thursday, that transition at the e-commerce behemoth appeared complete as Ma trumpeted the appointment of a fresh chief executive, Daniel Zhang, born in 1972, as part of a broader reshuffle.
SHANGHAI/HONG KONG (Reuters) – Alibaba Group Holding Ltd (BABA.N: Quote, Profile, Research, Stock Buzz) named a new chief executive on Thursday, as the Chinese ecommerce group’s blistering growth faces headwinds and less-lucrative mobile transactions surpassed those from personal computers for the first time.
Alibaba said Chief Operating Officer Daniel Zhang would on May 10 replace Jonathan Lu, who as the firm’s low-key chief executive of two years was frequently eclipsed by outspoken founder and Executive Chairman Jack Ma. Lu will remain on the board as vice chairman.
BEIJING/SHANGHAI, April 9 (Reuters) – Alibaba Group Holding
Ltd and its finance affiliate accelerated a drive to be
a full-fledged Chinese online financial network, with the launch
on Thursday of an e-commerce tracking stock index and plans for
a June start of an internet bank.
Ant Financial Services Group’s CSI Taojin Big Data 100 Index
is the first of its kind in the mainland, tracking e-commerce
activities to gauge firms’ performance, and marrying the China
internet shopping giant’s data troves with its financial
BEIJING/SHANGHAI, April 9 (Reuters) – Alibaba Group
Holding’s finance arm launched on Thursday an index
that tracks e-commerce activities to gauge firms’ performance,
marrying the China internet shopping giant’s data troves with
its financial services aspirations.
The CSI Taojin Big Data 100 Index, the first in China to tap
e-commerce data, is composed of 100 stocks in sectors such as
household durables, textiles and apparel, food and hospitality,
said Ant Financial Services Group in a statement.
BEIJING, March 12 (Reuters) – China’s Alibaba Group Holding
Ltd, the world’s largest e-commerce firm, has begun
hunting staff in Seattle, home turf of Amazon.com Inc
and Microsoft Corp, focusing on savvy cloud computing
hires as it ramps up U.S. operations.
Three positions were open to people in Seattle, two of which
also allow applications for Alibaba’s Silicon Valley offices,
according to advertisements on LinkedIn Corp’s N> business
networking site in the past week.