The Taobao figures were released a day after rival Meituan reported record orders for its instant delivery service.

Taobao Instant Commerce, Alibaba’s push into on-demand retail, unveiled a RMB 50 billion ($6.98 billion) subsidy initiative ...

Meituan launched massive high-value coupons for food delivery and instant delivery orders on July 5, which drove its daily ...

Daily orders surpassed 120 million on Meituan’s instant delivery service platform on Saturday; Taobao and JD.com also ...

Alibaba is not without risks. As a Chinese stock, it can be prone to regulatory headwinds in China, while competition in the ...

Alibaba remains undervalued after strong year-over-year revenue and profit growth across most business segments. Learn more ...

Alibaba showed cloud and AI momentum with Qwen3 and Apple ties, but margin pressure and fair valuation temper upside. Learn ...

Want to invest in artificial intelligence (AI), cloud computing, digital media, and e-commerce in one fell swoop? You could ...

The online retail platform of tech giant Alibaba announced on Wednesday that it will issue 50 billion yuan in subsidies for ...

Alibaba's online retail platform, Taobao, is set to issue $7 billion in subsidies to stimulate sluggish spending over a ...

The online retail platform of Chinese tech giant Alibaba announced Wednesday that it will issue $7 billion in subsidies for ...

Alibaba Group Holding Ltd is offering 50 billion yuan ($7 billion) of subsidies for food deliveries and online retail to ...