Taobao news from around the web
- Will China’s coronavirus-related trends shape the future for American VCs?There may be dark horses waiting to break out when this pandemic is over. Paraphrasing "A Tale of Two Cities," this is the worst time, but also maybe the best time.
- Alibaba to pump $28 billion into cloud computing to handle coronavirus trafficAlibaba has pledged to invest 200 billion yuan ($28 billion) in its own cloud computing infrastructure over the next three years — roughly half the company’s revenue from the last fiscal year. The Chinese tech giant will use the cash to build more data center…
- Tmall president calls for probe into himself following wife’s affair accusationThe high-level executive of Alibaba's Tmall was widely seen as a potential choice of the CEO position of e-commerce behemoth.