consumers are Luk Fook's target

BRIEF: Alibaba to develop AI-powered iPhone with Apple for China

Alibaba Group Holding Ltd. (BABA.US; 9988.HK) and Apple Inc. (AAPL.US) have reportedly agreed to jointly develop and produce an iPhone equipped with artificial intelligence (AI) capabilities for the Chinese market,…
E-commerce is what Shein and Temu do

BRIEF: Alibaba to sell Sun Art stake, record $1.8 billion loss

Following its sale last month of brick-and-mortar department store operator Intime, Alibaba Group Holding Ltd. (BABA.US; 9988.HK) on Wednesday announced another similar agreement to sell its majority stake in supermarket…