Alibaba Group announced financial results for the quarter and fiscal year ended 31 March 31, 2021. Full-year 2020 revenue rose 41% to CNY717.3 bn (US$109.5 bn). The company also reached a milestone of over one billion annual active consumers. March quarter revenue up 64%YoY, but with an operating loss due to the anti-monopoly fine Revenue was CNY187.4 bn (US$28.6 bn), an increase of 64% YoY...

To stand out from the highly competitive digital world, brands are now using drone displays to create memorable marketing campaigns in China. Hyundai’s Genesis brand used 3,281 drones to create its logo The show lit up Shanghai’s skyline on 29 March to mark the brand’s arrival in China. That number of drones sets a new Guinness World Record for “The Most Unmanned Aerial Vehicles (UAVs) airb...

The company has rolled out a new set of measures to benefit merchants and sellers on its online marketplaces, Tmall and Taobao, after record anti-trust fine .      Offering services free or at lower costs, supported by technological improvements Alibaba Group Chairman and CEO Daniel Zhang said that ongoing technological improvements and upgrades have enabled the company to expand its por...