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Alibaba buys into CICC

Hangzhou-based Alibaba said it has bought a 4.84 percent stake in Beijing-headquartered investment bank China International Capital Corp. 
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Alibaba leads smart speaker sales in Q4 in Chinese market

Alibaba emerged as the leader in China's smart speaker market with 2.7 million units shipped in the fourth quarter of 2018, accounting for 31 percent of the market.
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World's first '5G railway station' is coming to Shanghai

The world's first "5G railway station" will debut in Shanghai this year, delivering easy access to super-fast 5G network services for all passengers.
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Didi cuts redundant staff, but vows to hire more to boost safety

Didi said it is to cut 2,000 staff, or about 15 percent of its personnel, to ensure legitimate operation and passenger safety in the wake of two deadly incidents last year.
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Amazon drops New York headquarters plan amid protests

Amazon abandoned plans for a new headquarters in New York City on Thursday, blaming opposition from community leaders angry at the huge subsidies being offered to it.
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Huawei says it receives reply from Czech cyber watchdog

China's tech company Huawei has received a reply from the Czech Republic's cyber watchdog, a spokeswoman for Huawei said on Thursday.
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Pilot launch of downtown 5G networks later this year

China Mobile's Shanghai branch has signed a memorandum of collaboration with the Huangpu District government to push forward pilot operation of the 5G network in downtown areas.
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Google to invest US$13b in US data centers

Google will make a new investment of more than US$13 billion in data centers across the United States in 2019, Google CEO Sundar Pichai said Wednesday.
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Alibaba sees growth in Russia

Alibaba's logistics arm Cainiao has signed a letter of intent to strengthen collaboration with Russian Post to help raise efficiency for cross-border trade and bolster SME trade.
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Lower-tier cities splash out online during Chinese New Year

Lower-tier cities saw the biggest growth in terms of sales volume of on-demand delivery services during the Chinese New Year, Koubei and Eleme data showed.
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