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Top related persons:
Alibaba - 2 Jack Ma - 2 Ma - 2 Michael Evans - 2 Zhang - 1 Joseph Tsai - 1 Daniel Zhang - 1 Eddie Yongming Wu - 1
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Top related orgs:
Alibaba - 1 HK - 1 Tmall - 1 Cloud Intelligence Group - 1 Analysts - 1 Alibaba Health - 1 Technologies - 1 Thomson - 1

Search resuls for: "LatePost"


5 mentions found


☆ Alibaba CEO and Chairman Zhang to step down to focus on cloud business
  + stars: | 2023-06-20 | by ( Brenda Goh Casey Hall | Brenda Goh | Casey Hall | ) www.reuters.com   time to read: +6 min
The CEO role will be handed over to Eddie Yongming Wu, chairman of Alibaba's Taobao and Tmall Group, while Executive Vice Chairman Joseph Tsai will take over Zhang as chairman. "The idea or expectation that one person could manage the business' crown jewel Cloud and at the same time manage the entire Alibaba Group is an unreasonable expectation." "It would be inappropriate for me to continue serving as chairman and CEO of both companies at the same time during the spin-off process." Alibaba thanked Zhang for his "extraordinary leadership in navigating unprecedented uncertainties affecting the company's business over the past few years." Wu, who co-founded Alibaba alongside Ma and Tsai over two decades ago, will continue to concurrently serve as chairman of Taobao and Tmall Group, Alibaba said.
Persons: Zhang, Joseph Tsai, Alibaba, Daniel Zhang, Eddie Yongming Wu, Alibaba's, Daniel, Brian Wong, Jack Ma, Joe, Eddie, Eric Chen, Wu, Ma, Tsai, Alipay, Jacob Cooke, Cooke, China's, J, Michael Evans, Abinaya, Brenda Goh, Scott Murdoch, Anne Marie Roantree, Josh Ye, Muralikumar Anantharaman, Christopher Cushing Organizations: Alibaba, HK, Tmall, Reuters, Cloud Intelligence Group, Analysts, Alibaba Health, Technologies, Thomson Locations: SHANGHAI, China, Hong Kong, Shanghai, Beijing, Japan, Spain, Australia, Thailand, Tokyo, Taobao, Bengaluru, Sydney
☆ Jack Ma reportedly proposed a restructure at Alibaba, and it has echoes of what's been happening at Meta
  + stars: | 2023-06-20 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Alibaba cofounder Jack Ma held a small group meeting with top company execs in May, per LatePost. Alibaba cofounder Jack Ma retired from the company in 2019, but he was back advising the company in late May, per LatePost, a Chinese media outlet. Ma held a small group meeting with executives from the company's e-commerce platforms Taobao and Tmall, LatePost reported on Monday, citing unnamed Alibaba employees. Ma suggested the two Alibaba e-commerce platforms cut out management layers, per the LatePost report. And on Saturday, Ma attended the finals of the Alibaba Global Mathematics Competition in Hangzhou, where Alibaba is based.
Persons: Jack Ma, Ma, LatePost, Alibaba, Mark Zuckerberg's, Michael Evans, Jack Organizations: execs, Meta, Michelin, University of Hong, CNBC Locations: Silicon Valley, China, Hong Kong, Singapore, Douyin, Bangkok, Thai, Hangzhou, University of Hong Kong, Japan, Tokyo
☆ Analysis: Tencent bets big on WeChat Channels in push to build its own TikTok
  + stars: | 2023-01-13 | by ( Josh Ye | ) www.reuters.com   time to read: +6 min
"Tencent hopes it can turn Channels into the next WeChat Pay. Two sources familiar with Tencent said the importance of Channels has been repeatedly communicated within the company. In November, Tencent President Martin Lau said Channels' advertising revenue was on track to reach 1 billion yuan in the fourth quarter of 2022. "For example, in Douyin or Kuaishou, you won't be able to ask your viewers to add you on WeChat. But on Channels, you can quickly add somebody on WeChat," Yang said.
☆ If TikTok wants to compete with Amazon, building US fulfillment centers is a great way to fail, according to e-commerce logistics experts. Here's what to do instead.
  + stars: | 2022-10-25 | by ( Emma Cosgrove | Dan Whateley | ) www.businessinsider.com   time to read: +7 min
TikTok is diving into e-commerce as it builds out a US fulfillment and shipping logistics team. As TikTok takes its initial steps into the physical side of e-commerce, several logistics experts told Insider not to expect the company to follow Amazon's playbook. "If you want to be anything like what Amazon has built you are $100 billion behind," Matthew Hertz, cofounder of e-commerce logistics consultancy Second Marathon, said. Shein is one Chinese company that has managed this transition successfully, by focusing on the niche but fast-growing field of cross-border e-commerce logistics. Japanese e-commerce company Rakuten acquired two US fulfillment companies in 2019 only to combine them and sell them back to the founder of one this year.
☆ TikTok is arming itself for a looming e-commerce battle as it builds out a US fulfillment services team
  + stars: | 2022-10-12 | by ( Dan Whateley | ) www.businessinsider.com   time to read: +5 min
TikTok is hiring for a slew of new roles around e-commerce fulfillment in the US, Axios reported. New staff will assist with US e-commerce logistics, as well as plan and design fulfillment centers. TikTok is arming itself for a looming e-commerce battle as it staffs up to offer fulfillment services in the US. Social platforms have had a tough time breaking into e-commerceEarly efforts in social shopping have been rocky for social-media platforms in the US. Adding a new layer of fulfillment services for merchants suggests TikTok isn't thinking short-term about how it can capitalize on e-commerce, Goldberg said.
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