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☆ Ad transparency tools are 'major disappointment' ahead of election, new study shows
▼ + stars: | 2024-04-16 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

That's according to research out Tuesday from Mozilla and CheckFirst, which concludes that leading tech platforms are lagging in their ad transparency tools. None of the results were great, and some were "a major disappointment," according to the researchers. "This is now no longer something that's voluntary," Claire Pershan, EU advocacy lead at Mozilla, told CNBC. It's troubling news as the major platforms prepare for a huge year of elections that affect upward of 4 billion people in more than 40 countries. Lesplingart told CNBC that users had to know the advertiser name, targeted country and date of the advertisement in order to export to an ad file.

Persons: Sundar Pichai, Microsoft's Bing, Claire Pershan, Amaury Lesplingart, CheckFirst, Josh Becker, Lesplingart, Bing, Alibaba's, Zalando, Booking.com, TikTok, it's, we'd Organizations: Inc, Government, Society, Mozilla, Google, LinkedIn, Union's Digital Services, CNBC, Democratic, X, European Commission, DSA, Meta, YouTube Locations: Stanford , California, U.S, Meta, California

☆ Op-ed: The effusive China tour is a failing playbook for Apple, Tim Cook, and every CEO
▼ + stars: | 2024-03-27 | by ( Dewardric L. Mcneal | ) www.cnbc.com time to read: +8 min

This ritual, epitomized by high-profile engagements — such as Apple CEO Tim Cook's effusive overtures and statements of commitments to China — signals that American corporate titans think the strategy can still work. Tim Cook's narrative of China as "critical" to Apple , coupled with his admiration for the country's advanced manufacturing capabilities, embodies the ethos of this engagement playbook. Apple's Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024. It's not that the Apple CEO is doing anything wrong. Chinese Apple superfans jostled to enter the smartphone maker's newest store as it opened on March 21 night.

Persons: Tim Cook's, Tim Cook, Pedro Pardo, Jim McNerney, Xi Jinping's, Mark Zuckerberg, Deirdre O'Brien, Strstr, Xi, Xi Jinping, Li Qiang Organizations: Apple, American, titans, U.S, Apple's, China Development Forum, AFP, Getty, Boeing, Airbus, Volkswagen, Qualcomm, Google, Facebook, Huawei, Afp Locations: China, Beijing, Weibo, Shanghai

☆ EU opens probe into Alibaba's AliExpress over illegal content, pornography on platform
▼ + stars: | 2024-03-14 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. The Commission, the executive arm of the European Union, opened the probe into AliExpress under its landmark Digital Services Act, which came into effect this month. The European Commission on Thursday said it opened a formal investigation into AliExpress, an international e-commerce website run by Chinese tech giant Alibaba , over concerns surrounding the dissemination of illegal content. Other areas of the probe include how AliExpress recommends products to users and whether the e-commerce site complies with a rule that allows a searchable repository of ads that are provided on the platform. This is the third formal probe under the DSA, following those opened into TikTok and social media platform X.

Persons: AliExpress Organizations: European Union, Digital Services, European, DSA Locations: Huangpu District, Shanghai

☆ Sam Smith opens Vivienne Westwood’s Fall-Winter 2024 show in Paris
▼ + stars: | 2024-03-04 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

The discombobulating outfit was, in fact, the opening look of Vivienne Westwood’s Fall-Winter 2024 show in Paris — a collection that has proved divisive online. “Vivienne Westwood will be turning in her grave watching Sam Smith in this get up,” wrote one disgruntled fan on X. While many online lamented how Kronthaler’s latest season has “defiled” and “tainted” Westwood’s fashion reputation. The 1990s era of Vivienne Westwood was defined by shape and silhouette, as demonstrated here with Linda Evangelista walking the Fall-Winter 1995 show in Paris. Kronthaler's first solo show for Vivienne Westwood at Paris Fashion Week felt more aligned with the brand's popular 90s silhouettes.

Persons: Sam Smith, trudging, fanny, Mel Gibson’s, Vivienne Westwood’s, Andreas Kronthaler, —, Pascal Le Segretain, Vivienne Westwood, Alexander McQueen, John Galliano, Gen, ”, Linda Evangelista, PL, Kronthaler, Kate Moss, “, Vivienne Westwood's, Giovanni Giannoni, Bella Hadid, Kronthaler's Organizations: CNN, Westwood, PL Gould, Vogue, Penske Media, Paris Fashion, Financial Times Locations: Paris, Sharpie

☆ US lawmakers are turning up the heat on Temu, Shein, and their use of a shipping loophole that helps keep their prices low
▼ + stars: | 2024-02-26 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

US lawmakers are ramping up their pressure on e-commerce platforms like Temu, Shein, and AliExpress. Representatives for Temu, Shein, and AliExpress did not return Business Insider's request for comment. It added that almost 50% of all de minimis shipments to the US come from China. Shipping consultancy ShipMatrix estimates that Temu and Shein each ship more than a million packages to the US daily. Brown and Scott are not the only US lawmakers to advocate for change as Temu and Shein have gained a foothold.

Persons: Joe Biden, Sherrod Brown, Rick Scott, Brown, Scott, AliExpress, spokespeople, Shein, minimis Organizations: Business, U.S . Customs, Border Protection, Customs, Temu, Chinese Communist Party, China . Shipping, Uyghur, Labor Locations: China, minimis, United States, mstone@businessinsider.com

☆ Alibaba bets on overseas e-commerce unit amid sluggish growth in China
▼ + stars: | 2024-02-20 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

Costfoto | Nurphoto | Getty ImagesChinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. James Dong, CEO of Southeast Asian e-commerce giant Lazada Group, was named as Daraz's acting CEO. Dong took over as Lazada Group CEO from Chun Li in June 2022, after running the company's Thailand and Vietnam operations. Intense competitionThe e-commerce business that once propelled Alibaba to success has run into challenges with upstart competitors such as PDD, while consumption growth in China remains sluggish. Alibaba posted 9% year-on-year revenue growth in the third quarter to about $31 billion.

Persons: Eddie Wu, Yinglan Tan, AliExpress, Bjarke Mikkelsen, Jan, James Dong, Lazada, Tan, Alibaba, Zhang, Dong, Chun Li, Li, Pierre, Lucy Peng, PDD Organizations: Nurphoto, Getty, Digital Commerce, Tmall, Tmall Group, Alibaba, Ventures, Lazada, CNBC, Ventures Partners, Alibaba Group, PDD Holdings, Hong Kong, HK Locations: Huangpu District, Shanghai, Taobao, monetization, Alibaba, Pakistan, Asia, China, Thailand, Vietnam, Hong Kong

☆ Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein
▼ + stars: | 2024-01-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +9 min

Temu is owned by PDD Holdings , a Chinese company that moved its principal office to Ireland last year. Meta is expected to report revenue growth of 22% for the quarter to $39.2 billion, according to analysts surveyed by LSEG, formerly Refinitiv. JMP analysts estimated that Temu and Shein spent roughly $600 million and $200 million, respectively, on Facebook and Instagram ads in the third quarter. In December, Temu sued Shein, alleging questionable business practices and a "mafia-style intimidation of suppliers," according to legal documents. Meta isn't the only U.S. internet company effected by the speedy growth from Temu and Shein.

Persons: Mark Zuckerberg, Jack Ma, Shu Zhang, Victor Lee, Lee, who's, Shein, Meta, Pavlo Gonchar, Temu, didn't, Susan Li, data.AI, It's, Chris Mack, Harding Loevner, they've, Mack, Shein confidentially, Mike Gallagher, Gallagher, Brian Wieser, Josh Silverman, Silverman Organizations: Alibaba, China Development Forum, Reuters, Facebook, Hasbro, Unified Commerce, Amazon, PDD Holdings, U.S, Mobile, Meta, LSEG, Getty, CNBC, Cyberspace Administration, China, Street Journal, Google Locations: Beijing, China, Ireland, Singapore, UKRAINE, U.S, United States, Wall, Asia, Pacific, Temu, Meta

☆ Temu was one of the fastest-growing websites in 2023, new data shows
▼ + stars: | 2024-01-23 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Temu was among the fastest-growing large websites in the US last year, according to a new analysis by Similarweb. When considering only websites with more than 10 million monthly visits, Temu came in second only to OpenAI, which saw its traffic grow by 2,690% in 2023 as AI exploded into the mainstream. The ad intelligence company told Modern Retail that Temu spent an estimated $517 million on US ads between September and December 2023. AliExpress, the Alibaba-owned online marketplace, was in third place behind Temu with year-over-year traffic growth of 290%. AliExpress was launched in 2010 but still saw significantly less traffic than Temu in 2023, with an average of about 24.2 million monthly visits.

Persons: Temu, David Carr, AliExpress, Carr Organizations: Pinduoduo Holdings, Business, Modern, Duo Security Locations: Boston, China

"Investors had hoped to receive separate shares of the cloud business in hopes the segment could achieve a higher multiple in the public markets due to its growth potential." The company then appointed Eddie Wu, one of Alibaba Group's co-founders and long-time lieutenant of former chief Jack Ma, as both CEO of Alibaba and the cloud business. Instead the group would focus on growing the cloud business and providing investment for its AI drivers, he said. [1/2]3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. Alibaba International Digital Commerce, a business that includes platforms such as Lazada and AliExpress, however reported a 53% rise in revenues, with retail revenue up 73% year-on-year.

Persons: Cainiao, Thomas Hayes, Alibaba's, Daniel Zhang, Eddie Wu, Alibaba Group's, Jack Ma, Zhang, Joseph Tsai, Tsai, Wu, Dado Ruvic, Alibaba, Akash Sriram, Brenda Goh, Sam Holmes, Arun Koyyur, Jane Merriman Organizations: Alibaba, HK, Tencent Holdings, Alibaba's, Investors, Analysts, Cloud Intelligence Group, REUTERS, Alibaba Group Holdings, PDD Holdings, Digital Commerce, Casey Hall, Thomson Locations: U.S, China, Hong Kong, Alibaba's U.S, Bengaluru, Shanghai

☆ Creators are complaining that the TikTok Shop is turning the app into an ad-filled wasteland
▼ + stars: | 2023-11-11 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

TikTok creators are complaining about TikTok Shop ads making the app "dystopian." TikTok created the TikTok Shop and an affiliate creator program in early 2023. AdvertisementAdvertisementTikTok creators are starting to complain that the app is showing them more sponsored content, making the space feel "dystopian." In April, TikTok announced the TikTok Shop and an affiliate program for US creators to earn commission from the products that they sell on the app. AdvertisementAdvertisementIt's unclear whether the introduction of the TikTok Shop has created an increase in sponsored content on the site.

Persons: TikTok, Instagram, —, Grace Brassel, AliExpress, Brassel, Taylor, Acord Organizations: Service Locations: China, United States

☆ Chinese fast fashion retailer Temu overtakes Shein to dominate Japan and South Korea apps
▼ + stars: | 2023-11-10 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Similarly, in South Korea, Temu ranked No. Among the top shopping apps in South Korea, Temu was the fastest to reach 2 million downloads at around 88 days. Shein took 382 days while AliExpress took 366 days to hit the same milestone. Shein sued Temu in December over intellectual-property infringement while Temu accused Shein in July of threatening and forcing manufacturers into exclusivity agreements. Temu made its foray into Asia through Japan and South Korea in July.

Persons: Nikos Pekiaridis, Shein, Temu, Goldman Sachs, Mercari, Alibaba, AliExpress, Bernstein Organizations: Getty, Nurphoto, PDD Holdings, CNBC, iOS, Google, Nasdaq, Holdings, Citi, U.S, Committee Locations: Japan, South Korea, China, U.S, Australia, New Zealand, France, Italy, Germany, Netherlands, Spain, Boston , Massachusetts, Asia, Philippines, Malaysia

☆ Ukraine says its 'army of drones' struck a record 335 Russian positions in one week
▼ + stars: | 2023-11-07 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Mykhailo Fedorov said drones hit an "absolute record" of 335 Russian positions from Oct 30 to Nov 6. AdvertisementAdvertisementUkraine's "army of drones" is pounding Russian forces at an unprecedented rate, hitting an "absolute record" number of Russian targets last week, a Ukrainian official said. Between October 30 and November 6, Ukrainian airborne drones claimed a record 335 Russian targets. The unverified figures said that in the record week Ukraine also destroyed 36 tanks, 83 armored combat vehicles, 18 self-propelled artillery systems, and 72 trucks. Since the start of the war, Ukraine has extensively developed and used drones to target Russian soldiers , destroy Russian tanks worth millions, and damage ships .

Persons: Mykhailo Fedorov, —, Fedorov, Melissa Haring, They're Organizations: Service, Ukraine's, Digital Transformation, Atlantic Council, Associated Press Locations: Russia, Ukraine, Ukrainian, China

☆ Ukraine has fallen behind Russia in the drone production race, experts say
▼ + stars: | 2023-10-28 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +6 min

Ukraine is falling behind Russia when it comes to the future of warfare, an expert told Insider. "The Ukrainians are way behind the Russians on drones, and this is the future of the war," Haring said. "Ukraine doesn't have enough drone pilots, and they don't have enough sophisticated drones." "Ukraine led in the technological race at the beginning, but the size and the scale of Russia is now working in its favor. It means that Ukraine has to make some choices about which specific drones it wants to invest in," Bendett said.

Persons: Melinda Haring, —, Melissa Haring, Haring, They're, Samuel Bendett, Bendett Organizations: Atlantic Council, Service, Russia, Russian, Ukrainian, The New York Times, Center for Naval Analyses Locations: Ukraine, Russia, Turkish, Moscow, Ukrainian, Washington

☆ The Kremlin is leaning on cheap Russian-made drones like never before, war analysts say
▼ + stars: | 2023-10-25 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

Russia is adding cheap, domestic-made drones to its arsenal, war analysts say. The Institute for the Study of War said Moscow is ramping up production of lighter drones. Analysts with the Institute for the Study of War (ISW) said in a Tuesday dispatch that Moscow used new, long-range "Italmas" drones for the first time in its war on Ukraine, according to speculation by Russian media. The ISW cited Russian sources who said the Russian-produced "Italmas" drones are lighter and harder for Ukrainian air defenses to shoot down. The ISW previously said Russia is aiming to add more drones, loitering munitions, missiles, and guided bombs to its arsenal.

Persons: —, Vladimir Putin's Organizations: Service, Institute for, Ukrainian Air Force Locations: Russia, Moscow, Ukraine, Russian, Iran

☆ Russia is buying engines from China's AliExpress to make 'quick and dirty' drones that are proving lethal, Ukraine says
▼ + stars: | 2023-10-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia is making drones using engines from AliExpress, a Ukrainian Air Force spokesman said. Ukraine learned this from the debris of drones used in Russia's invasion, he said. Drones have been a huge part of Russia and Ukraine's fight, but both sides struggle to have enough. AdvertisementAdvertisementRussia is making lethal drones using engines from Chinese e-commerce giant AliExpress, a Ukrainian Air Force spokesman said. Yurii Ihnat said that Ukraine knows Russia is making drones with the engines due to the debris left by damaged and destroyed UAVs.

Persons: Ukraine's, —, Yurii Ihnat, Ihnat Organizations: Ukrainian Air Force, Service, Pravda, BBC Locations: Russia, Ukraine, AliExpress, crowdfunding, China, Iran

The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo Acquire Licensing RightsBRUSSELS, Aug 24 (Reuters) - Google will provide more information on targeted advertisements and give researchers more access to data on how its products work, to comply with landmark European Union online content rules, the Alphabet (GOOGL.O) unit said on Thursday. "We will increase data access for researchers looking to understand more about how Google Search, YouTube, Google Maps, Google Play and Shopping work in practice, and conducting research related to understanding systemic content risks in the EU," she said. It will roll out a new Transparency Center for people to access information about its policies on a product-by-product basis. Reporting by Foo Yun Chee; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Charles Platiau, Laurie Richardson, Foo Yun Chee, Devika Organizations: Google, Viva Tech, REUTERS, Rights, European Union, Digital Services, Microsoft, Twitter, HK, DSA, Center, Thomson Locations: Paris, France, U.S

European Commissioner for Internal Market Thierry Breton attends a news conference following an informal video conference of internal market and industry ministers in Brussels, Belgium February 25, 2021. These very large online platforms and very large online search engines have until Friday to provide their first annual risk assessment to the European Commission. "Complying with the DSA is not a punishment – it is an opportunity for these online platforms to reinforce their brand value and reputation as a trustworthy site," Breton said in a statement. "My services and I will thoroughly enforce the DSA, and fully use our new powers to investigate and sanction platforms where warranted," he said. Reporting by Foo Yun Chee; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Thierry Breton, Olivier Hoslet, Breton, Foo Yun Chee, Chizu Organizations: Internal, Rights, Google, Microsoft, Twitter, Digital Services, DSA, HK, European Commission, Thomson Locations: Brussels, Belgium, Europe

☆ How Russia is using US tech to build cruise missiles to devastate Ukraine, despite sanctions meant to stop it
▼ + stars: | 2023-08-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Russia has found new ways of obtaining US tech for its cruise missiles. Officials, experts, and media reports have laid out the routes Russia is using to import the banned or restricted technology. Ukrainian officials last Tuesday said that Russian K-100 cruise missiles used in recent attacks were built in 2023, using more than 30 foreign components, meaning that Western sanctions weren't working. The Kazakhstan back door for tech suppliesThe US sanctions include a ban on the sale of technology that could be used by Russia to build weapons. According to the Economist report, logic boards from California-made Altera Flex have been used in building the KH-100 cruise missiles Russia has used in attacks on Ukrainian cities and infrastructure.

Persons: Andriy Yermak, STRINGER, Gary Sommerville, we've, Sommerville, Mykola Danilyuk, Danilyuk Organizations: US, Service, Getty, Royal United Services Institute, Kazakhstan's, National, Russia, Kazakh, Russian, Silverado, New York Times, Free Russia Foundation, eBay, Amazon Locations: Russia, Wall, Silicon, Ukraine, Russian, Kazakhstan, Kazakh, US, Armenia, Ukrainian, California

☆ Opinion: Hitting the gym or going to yoga? Your workout clothes could be doing more harm than you realize
▼ + stars: | 2023-08-16 | by ( Opinion Alden Wicker | ) edition.cnn.com time to read: +13 min

BPA is an endocrine disruptor, meaning that it mimics or interferes with the body’s hormones. It governs weight management and your energy levels, not to mention your skin’s appearance and your ability to fend off illness. Others have tried to argue that some of the chemicals in clothing fell within the legal and regulatory limits. The signs that something is very, very wrong with our reproductive health and endocrine systems are myriad. After all, you might be undoing the benefits of hitting the gym every day when your workout clothes could be doing so much damage to your health.

Persons: Alden Wicker, Athleta, Alden Wicker Alden Wicker, There’s, bisphenol, Ashley Eskew, “, Thinx, ” Dr, Laura Vandenberg, Down, ”, Shanna, Dr, Graham Peaslee, PFAS, Swan, lipsticks, ‘, ” Eskew, Eskew Organizations: New York Times, Vox, Wired, CNN, Center for Environmental Health, Nike, IKEA, Canadian Broadcasting Corporation, CBC, US Environmental Protection Agency, Industry, University of Massachusetts Amherst, of Environmental Health Sciences, Notre, Twitter Locations: Putnam, California, Patagonia, ” North Carolina, Spain

☆ Brazil offers tax advantages via e-commerce compliance program
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationBRASILIA, June 30 (Reuters) - Brazil's Finance Ministry announced on Friday an exemption from federal taxes on e-commerce purchases up to $50 for companies participating in a new compliance program by the tax revenue service. The program, starting Aug. 1, offers faster and cheaper customs treatment for e-commerce companies that voluntarily meet criteria set by the government, the ministry's statement said. Under the program, e-commerce companies must also inform consumers about the product's origin and the merchandise's total value, including federal and state taxes - procedures that are currently optional. The program will essentially relieve the revenue service of such tasks when e-commerce firms participate. The government had previously attempted to end exemptions on all shipments as some companies imported products as individuals to avoid higher rates.

Persons: Dado Ruvic, Alibaba Group's, Marcela Ayres, Emma Rumney Organizations: REUTERS, Brazil's Finance, HK, Thomson Locations: BRASILIA, AliExpress

☆ Zalando sues EU Commission over landmark online content rules
▼ + stars: | 2023-06-27 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 27 (Reuters) - Zalando (ZALG.DE), Europe's biggest online fashion retailer, on Tuesday sued the European Commission for putting it in the same category as Alphabet's (GOOGL.O) Google and Meta Platforms (META.O) regarding new and tough EU online content rules. Under rules known as the Digital Services Act (DSA) which came into force last year, Zalando was labelled a very large online platform (VLOP) because it has more than 45 million users. EU industry chief Thierry Breton in April labelled 19 online platforms and search engines including five Alphabet subsidiaries, two Meta units, two Microsoft (MSFT.O) businesses, Twitter, Alibaba's (9988.HK) AliExpress and Zalando as VLOPs. "The European Commission misinterpreted our user numbers and failed to acknowledge our mainly retail business model. The number of European visitors who connect with our Partners is far below the DSA's threshold to be considered as a VLOP," Zalando CEO Robert Gentz said in a statement.

Persons: Zalando, Thierry Breton, Germany's Zalando, Robert Gentz, Breton, Gentz, Foo Yun, Christina Fincher Organizations: Tuesday, European Commission, Google, Digital Services, Microsoft, Twitter, HK, Justice, European Union, Commission, Partners, Thomson Locations: BRUSSELS, Luxembourg

☆ Alibaba aims to expand local business in Europe, president says
▼ + stars: | 2023-06-15 | by ( Silvia Aloisi | ) www.reuters.com time to read: +2 min

[1/2] A man walks past a logo of Alibaba Group at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File PhotoPARIS, June 15 (Reuters) - Alibaba Group (9988.HK) will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday. "We have started with a pilot project in Spain which we will expand across Europe," he said. Its e-commerce business is to be split, with one side covering Alibaba's domestic-facing e-commerce marketplaces and the other its overseas e-commerce marketplaces such as Lazada, which serves Southeast Asia, and AliExpress. Taobao and TMall are China's dominant e-commerce marketplaces in China.

Persons: Tingshu Wang, J, Michael Evans, Alibaba, Jack Ma, Ma, Jack, Evans, Silvia Aloisi, Benoit Van Overstraeten, Jason Neely Organizations: Alibaba Group, REUTERS, Alibaba, HK, Thomson Locations: Beijing, China, Europe, Paris, Spain, Southeast Asia, Japan, Australia, Thailand, Tokyo, Alibaba

☆ Alibaba to launch local versions of its China e-commerce site in Europe
▼ + stars: | 2023-06-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Michael Evans, President of Alibaba Group, said that the firm will bring its Tmall e-commerce site to Europe. Michael Evans, president of Alibaba, said the company will bring one of its China e-commerce services Tmall into Europe. In China, Tmall is an Alibaba site and app that has a big focus on selling foreign brands to Chinese consumers. Launching Tmall in Europe reflects a significant shift in strategy for Alibaba in its international e-commerce operations. However, Evans' suggestion is that Tmall in Europe would focus on selling local brands to local shoppers.

Persons: Michael Evans, PARIS —, Alibaba, Evans Organizations: Alibaba, PARIS, Viva Tech, Shipping, AliExpress, Tmall, Digital Commerce Locations: Europe, China, Paris, France, Spain

☆ Twitter cannot hide from EU rules after exit from code, EU's Breton says
▼ + stars: | 2023-05-26 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, May 26 (Reuters) - Twitter cannot run away from its obligations even after quitting a voluntary EU code of practice to tackle disinformation, EU industry chief Thierry Breton warned the company late on Friday. Companies which signed up to the code are required to provide regular progress reports with data on how much advertising revenue they had averted from disinformation actors. "Twitter leaves EU voluntary code of practice against disinformation. You can run but you can't hide," Breton said in a tweet. Twitter, which no longer has a public relations department, responded to an emailed request for comment with a poop emoji.

☆ Alibaba plans to list cloud division as quarterly revenue misses expectations
▼ + stars: | 2023-05-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

In this article BABABABA Follow your favorite stocks CREATE FREE ACCOUNTAlibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty ImagesAlibaba announced plans to spin off its cloud division as a separate, publicly traded company, while the e-commerce titan's quarterly revenue missed expectations. In its Thursday report, Alibaba said it plans to spin off its cloud division as a newly listed company, subject to restructuring certain assets, liabilities and contracts, and regulatory approvals. Dan Ives, an analyst at Wedbush Securities, said Alibaba's cloud spin-off plan was a "no brainer strategic move that we believe adds to the sum of the parts valuation on BABA." "We believe this was a step in the right direction for the Alibaba story," Ives told CNBC in emailed comments Thursday.

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