Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine's annual billionaires list.
Hypermarket operator Sun Art Retail Group posted an 8.6 percent rise in full-year net profit on Sunday and said it would work with Alibaba to optimise its product range and service through use of big data.
Video streaming service provider iQiyi Inc, a unit of Baidu, filed on Tuesday for an initial public offering that is set to raise more than $1.50 billion amid fierce competition in China's online entertainment market.
The Olympic movement's new Chinese global sponsor, e-commerce group Alibaba, is turning heads at the Pyeongchang Winter Games promising to revolutionise the experience for spectators, from buying tickets to souvenirs.
A new online store has launched in Cuba, conceived as a showcase of ‘Made in Cuba’ products especially for the Cuban consumer, with items including t-shirts, jewellery, leather accessories and handmade soaps.
China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd, worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets.
Alibaba Group Holding will pay about 5.45 billion yuan (625.62 million pounds) for a 15 percent stake in China's Easyhome, a home improvement chain, as the internet giant expands its investments in offline businesses.