Taobao

China’s Interim Measures for the Management of Generative AI Services: A Comparison Between the Final and Draft Versions of the Text

Retrieved on: 
Tuesday, April 23, 2024

Authors: Yirong Sun and Jingxian Zeng Edited by Josh Lee Kok Thong (FPF) and Sakshi Shivhare (FPF) The following is a guest post to the FPF blog by Yirong Sun, research fellow at the New York University School of Law Guarini Institute for Global Legal Studies at NYU School of Law: Global Law & Tech [?]

Key Points: 


Authors: Yirong Sun and Jingxian Zeng Edited by Josh Lee Kok Thong (FPF) and Sakshi Shivhare (FPF) The following is a guest post to the FPF blog by Yirong Sun, research fellow at the New York University School of Law Guarini Institute for Global Legal Studies at NYU School of Law: Global Law & Tech [?]

Alibaba Group Cainiao IPO Update and Share Purchase Offer Conference Call

Retrieved on: 
Tuesday, March 26, 2024

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) announced that its logistics subsidiary Cainiao Smart Logistics Network Limited (“Cainiao”) has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange.

Key Points: 
  • Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) announced that its logistics subsidiary Cainiao Smart Logistics Network Limited (“Cainiao”) has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange.
  • At the same time, Alibaba Group plans to offer to minority shareholders of Cainiao (including employees) an opportunity to sell all of the outstanding shares of Cainiao held by them to Alibaba Group for US$0.62 per share, representing a total consideration of up to US$3.75 billion (the “Offer”).
  • Cainiao shareholders may choose to accept the Offer and sell their shares to Alibaba Group for cash consideration or continue to own Cainiao shares.
  • Alibaba Group owns approximately 63.7% of the fully-diluted equity interest in Cainiao (including vested equity interests under Cainiao’s employee share ownership plan).

Datasea Enters into a Sales Agreement for its Acoustic Products Bringing its Evolutionary Technology to Market in a Strategic Milestone to Develop Rapid Online Sales

Retrieved on: 
Thursday, April 4, 2024

The signing of this Agreement signifies a new milestone for Datasea in promoting the domestic and international sales of its acoustic high tech products and it is expected to be a key driver of the Company's future revenue growth.

Key Points: 
  • The signing of this Agreement signifies a new milestone for Datasea in promoting the domestic and international sales of its acoustic high tech products and it is expected to be a key driver of the Company's future revenue growth.
  • Zhixin Liu, CEO of Datasea, commented, "We are delighted to have signed this Agreement with Xiaoranfang Marketing.
  • This marks a significant milestone in advancing the market promotion and sales of our leading-edge acoustic high tech products.
  • We are confident that our experience with digital sales promotion and online sales channels, with our large customer base, will promote sales of Datasea's products and achieve a win-win situation."

Image Recognition Market worth $98.6 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 27, 2024

Services in the Image Recognition Market encompass a wide range of offerings that contribute to professional and managed services.

Key Points: 
  • Services in the Image Recognition Market encompass a wide range of offerings that contribute to professional and managed services.
  • The Image Recognition Market, by application, is segmented into scanning and imaging, security and surveillance, image search, augmented reality, marketing and advertising, and other application areas.
  • During the forecast period, the scanning and imaging segment holds the second-largest market size and share in the Image Recognition Market.
  • Image recognition technologies improve operational efficiency by automating processes like object detection, image classification, and image tagging.

Image Recognition Market worth $98.6 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 27, 2024

Services in the Image Recognition Market encompass a wide range of offerings that contribute to professional and managed services.

Key Points: 
  • Services in the Image Recognition Market encompass a wide range of offerings that contribute to professional and managed services.
  • The Image Recognition Market, by application, is segmented into scanning and imaging, security and surveillance, image search, augmented reality, marketing and advertising, and other application areas.
  • During the forecast period, the scanning and imaging segment holds the second-largest market size and share in the Image Recognition Market.
  • Image recognition technologies improve operational efficiency by automating processes like object detection, image classification, and image tagging.

Be Friends Holding Limited announces FY2023 financial results: annual GMV exceeded RMB12 billion, revenue increased by approximately 152% YoY, and adjusted net profit surged by approximately 601% YoY

Retrieved on: 
Tuesday, March 26, 2024

The Group achieved a revenue of approximately RMB1,074.3 million for FY2023, representing an increase of approximately 152.4% year-on-year; whereas adjusted net profit also surged by approximately 601.3% year-on-year to approximately RMB180.4 million.

Key Points: 
  • The Group achieved a revenue of approximately RMB1,074.3 million for FY2023, representing an increase of approximately 152.4% year-on-year; whereas adjusted net profit also surged by approximately 601.3% year-on-year to approximately RMB180.4 million.
  • Such positive results were mainly driven by the rapid growth of its live-streaming e-commerce business, achieving a total Gross Merchandise Volume ("GMV") of over RMB12 billion during FY2023.
  • Chairman of the Group, Mr. Li Jun, said: "Our target has been focusing on using the latest technologies to establish a new retail company.
  • The Group will continue to expand its cross-platform, standardized and replicable matrix broadcasting rooms, advancing the construction scale of these rooms.

Global Live Commerce Platforms Market Size, Share & Trends Analysis Report 2024-2030: Focus on Apparel & Fashion, Cosmetics & Personal Care, Consumer Electronics, Furnishing - ResearchAndMarkets.com

Retrieved on: 
Friday, March 8, 2024

The "Global Live Commerce Platforms Market Size, Share & Trends Analysis Report by Category (Apparel & Fashion, Cosmetics & Personal Care, Consumer Electronics, Furnishing), Region (Asia-Pacific, North America), and Segment Forecasts, 2024-2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Live Commerce Platforms Market Size, Share & Trends Analysis Report by Category (Apparel & Fashion, Cosmetics & Personal Care, Consumer Electronics, Furnishing), Region (Asia-Pacific, North America), and Segment Forecasts, 2024-2030" report has been added to ResearchAndMarkets.com's offering.
  • Live commerce platforms significantly contribute to the expansion of e-commerce.
  • Platforms, such as Alibaba's Taobao Live and Amazon, have shown an increase in consumer engagement due to live-stream commerce.
  • Social media platforms have become integral to daily life, providing live commerce platforms with a direct channel to reach their target audience.

Yifei Group's Yi Beauty & Lifestyle Expo Concludes Successfully

Retrieved on: 
Wednesday, January 3, 2024

The 13th Yi Beauty & Lifestyle Expo and Global Beauty Summit, organized by Yi Beauty & Lifestyle

Key Points: 
  • Shanghai, China--(Newsfile Corp. - January 2, 2024) - The 13th Yi Beauty & Lifestyle Expo and Global Beauty Summit, organized by Yi Beauty & Lifestyle - Yifei's subsidiary and a professional service platform that has focused on the beauty and fashion industry for over 10 years - has recently concluded in Shanghai.
  • At this expo, Yi Beauty & Lifestyle also debuted the industry-first Top 100 Channel Exhibition, with dedicated zones for Taobao, private domain leader, video accounts, Douyin, and offline new retail.
  • Concurrently, over 500 heavyweight awards were presented at the "Beauty Night Yi Beauty & Lifestyle High-End Social Banquet and Award Ceremony" to outstanding enterprises and individuals across the industry.
  • Yi Beauty & Lifestyle also looks forward to more cooperation with global beauty and fashion brands and e-commerce platforms and completing a new growth cycle together.

Taobao and Tmall’s 11.11 Shopping Festival Records Positive Growth

Retrieved on: 
Sunday, November 12, 2023

Taobao and Tmall Group (“Taobao and Tmall”), Alibaba Group’s China commerce business, today successfully concluded its 15th annual 11.11 Shopping Festival (“11.11” or the “Festival”).

Key Points: 
  • Taobao and Tmall Group (“Taobao and Tmall”), Alibaba Group’s China commerce business, today successfully concluded its 15th annual 11.11 Shopping Festival (“11.11” or the “Festival”).
  • For the entire campaign period, Taobao and Tmall recorded positive year-on-year growth in GMV, order number, and participating merchants compared to the same period last year.
  • Since beta launch in September, millions of users used Taobao App’s embedded generative AI application "Taobao Wenwen" which helps guide consumer purchasing decisions through AI-powered question-and-answer interactions.
  • GMV disclosed in this press release refers to the total value of orders in RMB settled through Alipay on Alibaba's Taobao and Tmall platforms.

YanGuFang Expands Whole Grain Food Offering On Leading E-Commerce Platforms

Retrieved on: 
Thursday, November 2, 2023

The launch of these products on JD.com, one of China’s largest e-commerce platforms, underscores YangGuFang’s dedication to supporting the development of China’s public health with healthier food options backed by dietary science.

Key Points: 
  • The launch of these products on JD.com, one of China’s largest e-commerce platforms, underscores YangGuFang’s dedication to supporting the development of China’s public health with healthier food options backed by dietary science.
  • The product has also maintained good sales volume by a substantial margin on various other e-commerce platforms, including Taobao.
  • Low-GI oat products and other whole grain foods are aligned with the push for healthier eating habits in China.
  • YanGuFang’s Germ Oatmeal products have also gained momentum in overseas markets, offering international consumers a wider variety of healthy options.