Alibaba has applied for several trademarks in China related to the metaverse. This popular concept refers to an immersive virtual world built by augmented reality, virtual reality, artificial intelligence, and cloud computing technologies. Alibaba’s Singapore holding company applied recently to trademark “Dingtalk metaverse,” “Taobao metaverse,” and “Ali metaverse” (our translation), Chinese enterprise database Qichacha shows. Some names refer to Alibaba’s popular products. [IT Homes, in Chinese]
A former Alibaba manager at the center of China’s latest #metoo case was in the process of applying for a job at ByteDance.
China’s telecoms regulator in Zhejiang province said Alibaba Cloud had violated China’s Cybersecurity Law and ordered it to rectify. Alibaba Cloud is a crucial source of revenue growth for Alibaba. In a July 5 letter replying to a complaint, the regulator said Alibaba Cloud leaked users’ registration information to third-party partners without consent on Nov. 11, 2019. Alibaba Cloud admitted the wrongdoing in a Monday response and said an outsourced worker leaked the information, and that the company had dealt with the incident internally. [Yicai, in Chinese]
ByteDance is moving away from Alibaba Cloud for overseas markets as it faces mounting pressure about data security in international markets.
Police in the eastern Chinese city of Jinan detained two men involved in a sexual assault case that has shaken Alibaba. Wang Chengwen, a former Alibaba employee, and Zhang Guo, a client of Alibaba, are accused of sexual assault against a female Alibaba employee surnamed Zhou. The two men are suspected of the crime of “forcible molestation,” police in the eastern city of Jinan said in a Saturday statement. The police didn’t find evidence of rape, the statement said. [AP News]
Alibaba earnings per share in the quarter ending in June beat expectations while revenue missed estimates. The company reported 34% yearly revenue growth, slowing from last quarter’s 64%, in a quarterly report released on Tuesday. In a Tuesday earnings call, Alibaba said “new rules and regulations” could reduce the growth of Alibaba Cloud by affecting customers such as online education. [Alibaba]
Alibaba restructures its local services to better compete with Meituan. Nayuki Tea and Dingdong Maicai go public.
Alibaba on Tuesday announced a new Arm-based chip that will power the cloud computing giant’s data centers. Known as Yitian 710, the chip features the most advanced 5-nanometer semiconductor technology. The chip is the third semiconductor Alibaba has introduced since 2019. Developed by Alibaba’s chip unit T-Head, the chip will only be available to the company’s data centers and will not be commercially available. Alibaba is China’s largest cloud computing provider by market share. [Bloomberg]
Yu Yongfu, the newly appointed CEO of Alibaba’s Local Life department, is gearing up for a major organizational reshuffle, local media LatePost reported. Yu plans to reorganize the local life services sector of the company – which includes travel service Fliggy, delivery platform Ele.me, and map app AutoNavi – into ten business units including five consumer-facing business units, four enterprise-facing segments and one infrastructure service unit for logistic support. Yu, the former head of Alibaba’s entertainment arm, was appointed as chief executive officer of Alibaba’s local service department on Tuesday. Alibaba’s move comes on the heels of organizational adjustments made by ByteDance and Meituan. [LatePost, in Chinese]
Alibaba and Tencent are considering opening up their ecosystems to each other, under pressure from tightening antitrust regulations in China, the Wall Street Journal reported on Wednesday. The change could allow users to use Tencent’s WeChat Pay on Alibaba platforms and share links to Alibaba stores on Tencent’s WeChat, both previously not allowed. [The Wall Street Journal]