Alibaba Establishes Digital Tech Firm Within E-Commerce Unit

9/10/2024 2:35:08 PM

(MENAFN- Investor Brand Network) Alibaba Group Holding Ltd. (NYSE: BABA)
has established a
new digital tech firm
within e-commerce outfit Taobao and Tmall Group (TTG) to further its goal of expanding its share of the global market: the
Hangzhou Taobao and Tmall Digital technology Company .
The new Technology company has a registered capital base of $1.4 million (10 million yuan) and will be involved in a variety of businesses. This includes outdoor products, food sales, export and import of products, household appliances, daily groceries and tech-related services such as technology transfer and software development.

The new technology company was registered on Aug. 23, 2024, shortly after Alibaba successfully...

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