Who Is Alibaba’s New Boss Daniel Zhang

Businesses in China’s eastern manufacturing hub of Suzhou, residence to an enormous industrial park for pharmaceutical corporations and tech companies, will keep shut until at least Feb. 8, to guard against any spread, the town authorities mentioned in an announcement on Sunday. Hotpot restaurant chain Haidilao International Holding said it could shut shops throughout China from Sunday to Friday, whereas gaming giant Tencent Holdings Ltd and social media agency ByteDance informed workers to work at home.

Nov 1 (Reuters) – China’s Alibaba Group Holding Ltd reported a greater-than-anticipated 40% rise in second-quarter income on Friday, powered by strong development in its e-commerce and cloud computing businesses. ZURICH, Oct 26 (Reuters) – Cartier-owner Richemont is teaming up with Alibaba to try to crack China’s on-line procuring market, potentially a significant progress driver for luxurious companies but which has proven difficult to tackle for outsiders going it alone.

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Chinese e-commerce platform Pinduoduo saw a close to 1,000% soar in sales of farming merchandise including seeds, cheapest 1688 agent fertilizer and sprinklers in February versus last year.

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