"Singles Day" -- launched by tech giant Alibaba in 2009 -- has ballooned into an annual blockbuster period for retail, with days of discounts luring customers to the country's online shopping platforms.
Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation
Alibaba's net income was 10.7 billion yuan ($1.51 billion), a decrease of 77 percent
It will first be integrated into DingTalk, Alibaba's workplace messaging app and can be used to summarise meeting notes, write emails and draft business proposals. It will also be added to Tmall Genie, Alibaba's voice assistant
The announcement comes days after Chinese search giant Baidu said it would complete testing of its AI chatbot in March.
Daraz Bangladesh will also lay off dozens of employees as part of the plan of its mother organisation, Daraz Group
Chinese e-commerce giant Alibaba has not released full sales figures for its annual Singles Day event for the first time ever, as a cooling economy dampened demand.
Alibaba, the global e-commerce giant, officially enters the Bangladeshi food delivery scene through the acquisition of Hungry Naki in its locally invested venture, Daraz. The confirmation comes after both the parties entered negotiation in early December last year.
Jack Ma steps aside as leader of the Alibaba Group, ending a spectacularly successful 20-year run during which the charismatic former English teacher's e-commerce company left a profound impact on China's economy.
Alibaba's charismatic co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview.
Multinational e-commerce company Alibaba acquires Bangladesh’s one of the leading online commerce sites daraz.
Alibaba develops an artificial intelligence model that scores better than humans in a Stanford University reading and comprehension test.
Chinese women have made their strongest showing on Forbes magazine's list of the world's most powerful women.
E-commerce giant Alibaba has broken its own record for sales on China's Singles Day, the world's biggest online shopping event.
Internet giant Yahoo is closing its China office as part of a worldwide consolidation aimed at cutting costs
Alibaba Group Holding Ltd (BABA.N) is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese e-commerce company builds up mobile services.
Smartwatches that mirror the look of the Apple Watch's hardware and software are being advertised on China's most popular online shopping service as AW08 and iWatch
