Bao Yunhong
Stories by Bao Yunhong
Fate of Ele.me uncertain as Alibaba scales down ‘non-core’ offline operations
Non-core businesses have been left to look after their own profits as Alibaba refocuses on e-commerce and cloud.
Global PE dealmaking witnessed steep decline in 2023: Bain report
Buyout value dropped 37%, while the value of investment exits fell 44%.
Chinese tech firms tweak, slow down hiring plans amid challenging times
China’s tech industry has experienced a few rounds of ups and downs in the past few years.
TikTok’s foray into Southeast Asian e-commerce is no slam dunk
TikTok has over 325m monthly active users in SE Asia, covering nearly half the region’s population.
Alibaba reshuffles partners as restructuring rolls on
Eddie Wu, a co-founder, will take over as the group’s CEO in September.
Alibaba has hurdles to overcome before its drastic restructuring pays off
The restructuring, initially announced in March, will break up the group into six businesses.
Kuaishou, Taobao tap Messi mania to give livestream e-commerce a leg up
Both platforms are seeking to draw much-needed traffic amid competition with established rivals.
China’s struggling economy is good for some businesses. Just ask Pinduoduo
Pinduoduo's revenue leapt 58% in Q1 2023, far outpacing Alibaba's and JD.com's 2% growth.
Alibaba logistics arm Cainiao gears up to go first in Hong Kong IPO plans
Cainiao is in talks with banks for an initial public offering in Hong Kong.
