Tag: Alibaba

Alibaba’s Instant Commerce Hits 40M Daily Orders Fast

Reading Time : 2 minutes Alibaba’s Taobao Instant Commerce has surpassed 40 million daily orders in just one month, offering 60-minute delivery across diverse products. Powered by Ele.me’s logistics, this service intensifies competition with JD.com and Meituan in China’s rapidly growing instant retail market, projected to reach over 2 trillion yuan by 2030.

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How a Chance Meeting Led to a $1B Yahoo Investment

Reading Time : 2 minutesJack Ma and Jerry Yang’s meeting at the Great Wall of China in 1997 was a chance encounter that led to Yahoo’s $1 billion investment in Alibaba in 2005. This strategic move, driven by Yang’s foresight and Yahoo’s need to penetrate the Chinese market, resulted in significant financial gains for Yahoo and helped Alibaba become a global e-commerce giant.

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