
Cainiao REIT advances toward approval in potential Zhejiang first
This move brings it a step closer to becoming Zhejiang’s first warehouse and logistics REIT sponsored by a private enterprise.

This move brings it a step closer to becoming Zhejiang’s first warehouse and logistics REIT sponsored by a private enterprise.

The agreement covers the UEFA Champions League, Europa League and Conference League from the 2027/28 season through 2032/33, as well as UEFA Euro 2028.

Media reports on May 22 said the latest round had expanded to 70 billion yuan ($10.33 billion), with a pre-money valuation of about $45 billion.
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That effectively extends the gap between earnings payouts, with employees facing a period of up to roughly 15 months without receiving the consolidated bonus.
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Under the agreements, Alibaba.com will provide AI and digitalization training for 10,000 Pakistani small businesses through its AI-powered trade platform Accio Work.
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Alibaba said the model was specifically designed for AI agents and enterprise-grade autonomous workflows, with improvements in coding, reasoning and tool-use capabilities.

The company said the service has already achieved full coverage across the Chinese mainland as well as Hong Kong, Macau and Taiwan, spanning nearly 500,000 traffic-light intersections.
The company said the AI achieved a 99% accuracy rate in identifying merchant requests and resolved more than 95% of submitted issues.

The rapid uptake of the service reflects a broader shift in AI services from chatbot-style interaction toward task execution.

Alibaba Cloud’s external commercial revenue rose 40% during the quarter, the fastest pace in nine quarters.