Tech Insider: Jack Ma Buys Alibaba Shares, IPhone Takes China Smartphone Crown

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene. Jack Ma buys Alibaba in present of assist for struggling empire Alibaba Group Holding Ltd. gained its most in six months on information co-founders Jack Ma and Joseph Tsai purchased some $200 million of its shares, providing … Read more

XPeng (XPEV) Inventory Slumps After Alibaba Plans to Reduce Stake in Chinese language EV Maker

US-traded shares of XPeng Inc. slumped Friday after Alibaba Group Holding Ltd. disclosed a plan to chop its stake within the Chinese language electrical car maker. XPeng shares tumbled as a lot as 8.6% on Friday after a Securities and Alternate Fee submitting confirmed that Taobao China Holding Ltd., an Alibaba subsidiary, intends to promote … Read more

An excellent-cheap 2-seater Alibaba electrical automotive that may do 75 MPH

Many of the enjoyable and oddly-shaped electrical autos we’ve discovered for the Awesomely Bizarre Alibaba Electrical Car of the Week column have been moderately sluggish, city type autos. That’s true whether or not its a tiger-shaped bus or a Cinderella carriage. However this super-cheap electrical automotive by some means received an additional serving of energy … Read more