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Besieged by Multiple challenges, Alibaba announces appointment of new CFO – Top Tech News

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Besieged by Multiple challenges, Alibaba announces the appointment of new CFO

Alibaba and Times Internet infuse $2.11 Mn in Vidooly

Amid relentless regulatory crackdown and other challenges on multiple fronts, Alibaba has appointed a new CFO. Tobu XU will be new CFO of the Chinese e-commerce giant from April next year. Alibaba also said that it will reorganize its e-commerce business under two divisions, one catering to domestic e-commerce and other catering to international e-commerce business (Click here).


Elon Musk makes an important comment on Cybertruck

Tesla will start rolling out the much anticipated Cybertruck somewhere in 2022. But meanwhile Elon Musk has made an important comment about this awaited vehicle. The talismanic entrepreneur said on his Twitter timeline that Cybertruck debut in the market with “four motor variant, with independent, ultra-fast response torque control of each wheel,” (Click here).       


A popular crypto trading platform gets hacked for $196 Mn

BitMart, one of the popular crypto trading platform, has got hacked in a major security breach. Hackers have reportedly managed to steal cryptos worth $196 Mn from BitMart but the company has quoted the stolen amount to be only $150 Mn (Click here).      


Apple drags Russia to Court

Apple logo on building
Image Credits: Flickr Adam Fagen

Apple is dragging the Russian ant-trust regulatory body to the court. Apple has challenged the decision of the Russian Federal Antimonopoly Services for compelling to introduce third party payment services on its platform. Apple is already engaged in a similar battle with Epic Games in the U.S. (Click here)


eBay bans some users (By Mistake)

eBay is planning a second inning in India.

eBay bans some users (By Mistake) Online shopping platform eBay has officially confirmed that last week it suspended some users, albeit by mistake. But the e-commerce company did not reveal the exact number of  the banned users and the reason that apparently caused this ban. Notably, last week Twitter had also accidentally banned some of its users (Click here).     

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