China Consumer Spending Set To Power Future Growth
The free-spending younger generation is fueling China’s transition from an export-led economy to one driven by domestic consumption.
Alibaba
Alibaba Signs Deal To Develop Rugby In China
E-commerce giant Alibaba Group Holding Ltd is planning to develop rugby on the Chinese mainland and exclusively broadcast rugby content through the online platform of its new sport division－Alisports.
Jack Ma Enlisted By British PM As Business Advisor
Jack Ma, executive chairman of Chinese e-commerce giant Alibaba (BABA, quote), has been appointed as a non-remunerated member of British Prime Minister David Cameron’s Business Advisory Group, according to Agence France-Presse.