Misplaced Pages

#135864

128-672: On 9 June 2016, Alibaba officially unveiled the Roewe RX5, its first “ Internet car ” in collaboration with SAIC. Priced upwards of RMB 148,800 ($ 22,300) when deliveries started in August 2016. The RX5 came in three different powertrains, including the petrol engined RX5, the PHEV eRX5, and the fully electric ERX5. The capital "E" in Roewe's naming system indicates fully electric while the lower case "e" indicates hybrid. Exterior styling differences are mainly on

256-688: A UNESCO World Heritage Site west of the city, is among its best-known attractions. In 2023, it became the third Chinese city to host the Asian Games , after Beijing 1990 and Guangzhou 2010 . It was also the second Chinese city to host the Asian Para Games after the Guangzhou 2010 . Hangzhou also hosted the 11th G20 summit in 2016. The celebrated neolithic culture of Hemudu is known to have inhabited Yuyao , 100 km (62 mi) south-east of Hangzhou, as far back as seven thousand years ago. It

384-613: A comparison shopping website that offers search results from mostly Chinese online shopping platforms, including product searches, sales and coupon searches. According to the Alibaba Group web site, eTao offers products from Amazon China, Dangdang , Gome, Yihaodian , Nike China, and Vancl, as well as Taobao and Tmall. As part of a restructuring of Taobao by Alibaba, these spin-offs became separate companies in 2011, with Tmall and eTao becoming separate businesses in June and Juhuasuan becoming

512-665: A state-owned enterprise of the China Internet Investment Fund , established by the Cyberspace Administration of China , took a 1 percent golden share investment in two Alibaba subsidiaries that control Youku and UCWeb . In March 2023, Alibaba announced their "1+6+N" restructuring plan, which reorganized its business structure into six independently run entities: Cloud Intelligence Group, Taobao and Tmall Group, Cainiao Smart Logistics Network, Local Services group, Alibaba International Digital Commerce, and

640-575: A variable interest entity (VIE) structure, buying a 40% stake in the company for US$ 1 billion. This would as a result net in US$ 10 ;billion in Alibaba's IPO alone to Yahoo!. In 2012, China Investment Corporation led a group of Chinese investors in buying out Yahoo!'s 40% stake and in buying the Alibaba shares that had traded on the Hong Kong Stock Exchange . According to Li Chuan,

768-770: A 2.8 km (1.7 mi) long causeway across West Lake made of mud dredged from the lake bottom. The lake is surrounded by hills on the northern and western sides. The Baochu Pagoda sits on the Baoshi Hill to the north of the lake. Hangzhou was chosen as the new capital of the Southern Song dynasty in 1132, when most of northern China had been conquered by the Jurchens in the Jin–Song wars . The surviving imperial family had retreated south from its original capital in Kaifeng after it

896-628: A Chinese crackdown on big tech , SAMR issued a $ 2.8 billion fine against Alibaba for anti-competitive practices and ordered Alibaba to file self-examination and compliance reports to the SAMR for three years. This amounted to 12% Archived 3 June 2021 at the Wayback Machine of its 2020 net profit. Critics say the move tightens the Chinese's governments control of tech companies. Alibaba stated that it would dedicate itself to correct its errors and accepted

1024-591: A GDP of $ 452 billion (the 26th biggest in the World) and Nigeria with a GDP of $ 448 billion (the largest in Africa). A study conducted by PwC and China Development Research Foundation saw Hangzhou ranked first among "Chinese Cities of Opportunity". Hangzhou is also considered a World City with a "Beta+" classification according to GaWC . Hangzhou ranked 89 in the Global Financial Centres Index in 2018. It

1152-563: A US$ 25 million investment from Swedish Wallenberg family's Investor AB , Goldman Sachs and SoftBank . In 1999, Wallenbergs Investor AB owned 6% of the shares. Alibaba.com was expected to improve the domestic e-commerce market and perfect an e-commerce platform for Chinese enterprises, especially small and medium-sized enterprises (SMEs), to help export Chinese products to the global market as well as to address World Trade Organization (WTO) challenges. In 2002, Alibaba.com became profitable three years after launch. Ma wanted to improve

1280-511: A cloud computing service platform, including e-commerce data mining, e-commerce data processing, and data customization. It has R&D centres and operators in Hangzhou, Beijing, Hong Kong, Singapore, Silicon Valley and Dubai. In July 2014, Alibaba Cloud entered into a partnership deal with Inspur. Alibaba Cloud is the largest high-end cloud computing company in China. In 2009, Alibaba acquired HiChina,

1408-539: A corresponding population increase and the city developed well outside its 9th-century ramparts. According to the Encyclopædia Britannica , Hangzhou had a population of over 2 million at that time, while historian Jacques Gernet has estimated that the population of Hangzhou numbered well over one million by 1276. (Official Chinese census figures from the year 1270 listed some 186,330 families in residence and probably failed to count non-residents and soldiers.) It

SECTION 10

#1732872433136

1536-425: A damage control view suggesting that the subscription-driven, third-party verified "China Gold Supplier" program was endangered by diminished trust in its endorsement system, removing the incentive for global buyers to choose Alibaba as their business-to-business service, thus more broadly endangering Alibaba through impact on its brand and capabilities (the latter via the "defenestration of senior people"). The scandal

1664-557: A deal that was worth 1.2 billion yuan (US$ 192 million). On 5 September 2014, the group—in a regulatory filing with the US Securities and Exchange Commission (SEC)—set a US$ 60- to $ 66- per-share price range for its scheduled initial public offering (IPO), the final price of which would be determined after an international roadshow to gauge the investor interest in Alibaba shares to shareholders. On 18 September 2014, Alibaba's IPO priced at US$ 68, raising US$ 21.8 billion for

1792-481: A diverse portfolio of companies around the world in numerous business sectors. On 19 September 2014, Alibaba's initial public offering (IPO) on the New York Stock Exchange raised US$ 25 billion, giving the company a market value of US$ 231 billion and, by far, then the largest IPO in world history. It is one of the top 10 most valuable corporations, and is named the 31st-largest public company in

1920-516: A facelift for the 2021 model year and was launched during the 2020 Guangzhou Auto Show in November 2020. The facelift carries over the same powertrain while featuring a full-width headlamp across the front fascia and the updated Roewe logo. The Roewe RX5 Max received another facelift for the 2022 model year and was launched in December 2021. The update completely restyled the front end and slightly revised

2048-571: A global logistics network, underpinning an aggressive overseas expansion, and demonstrating Alibaba's commitment to building the most efficient logistics network in China and around the world. It is investing a further 5.3 billion yuan in Cainiao Logistics to boost its stake to 51 percent from 47 percent. The investment would value Cainiao, a joint venture of top Chinese logistics firms, at around US$ 20 billion. Alibaba uses Cainiao software at its Belgian-European sales hub. The software

2176-503: A host for other businesses to sell to consumers. Similar to eBay, sellers on Aliexpress can be either companies or individuals. It connects Chinese businesses directly with buyers. The main difference from Taobao is that it's aimed primarily at international buyers, mainly the US, Russia, Brazil and Spain. In 2012, Alibaba instituted its Public Dispute Resolution Center, which crowdsources buyers and sellers to vote on transactional rules and decide

2304-471: A mobile app that recommends customers products based on data analytics. In addition, customers can have their groceries cooked to eat in the food court of the supermarket. In October 2018, it was reported that Alibaba's Koubei have merged with online food delivery service platform Ele.me into a new local life service subsidiary. However, the newly formed Alibaba Local Life Service entity experienced major competition from local service giant Meituan , which

2432-406: A population of 3,780,000 and the suburban districts occupy 7,586.04 km (2,928.99 sq mi) and have a population of 4,461,000. The West Lake Scenic Area holds the country-level administrative power, though not formally a county or district. In the early 90s, the urban districts of Hangzhou only comprised Shangcheng, Xiacheng, Gongshu, Jianggan. On December 11, 1996, Binjiang District

2560-589: A public appearance in Hangzhou, China in March 2023 where he met with students and teachers at the Alibaba partners-funded Yungu School. In February 2021, Alibaba sold $ 5 billion in bonds, the company's third large sale of dollar bonds , issuing four sets priced to yield between 2.143% and 3.251%. The four sets of bonds were $ 1.5 billion of both 10-year and 30-year debt along with $ 1 billion of bonds due in 20 and 40 years. The 20-year bonds were designated as sustainability notes . On 9 April 2021, as part of

2688-561: A senior executive at Alibaba, the company was planning in 2013 to open traditional brick and mortar retail outlets in partnership with Wanda Group, a Chinese real estate company. Additionally, Alibaba purchased a 25% stake in Hong Kong-listed Chinese department store chain Intime Retail in early 2014. In early 2017, Alibaba and Intime's founder Shen Guojun agreed to pay as much as HK$ 19.8 billion (US$ 2.6 billion) to take

SECTION 20

#1732872433136

2816-585: A separate business later in October. In 2010, Alibaba launched AliExpress.com, an online retail service made up of mostly small Chinese businesses offering products to international online buyers. It is the most visited e-commerce platform in Russia. It allows small businesses in China to sell to customers all over the world, resulting in a wide variety of products. It might be more accurate to compare AliExpress to eBay, though, as sellers are independent; it simply serves as

2944-628: A significant amount of technology for the Digital Silk Road . In 1999, Jack Ma launched the primary business of Alibaba, Alibaba.com, while working as an English teacher in Hangzhou . Alibaba.com later became the world's largest online B2B trading platform for small businesses as of 2014. Alibaba.com has three main services: the English language portal Alibaba.com, which handles sales between importers and exporters from more than 240 countries and regions,

3072-589: A six speed manual gearbox, a six speed automatic gearbox, a six speed dual clutch transmission. The RX5 eMax is the plug-in hybrid version of the RX5 Max crossover. It is powered by a 1.5 liter turbo engine and an electric motor. The transmission is a 10-speed transmission by SAIC. The pure electric range of the RX5 eMax is 70 kilometres (43 mi), and the fuel consumption is 1.4 L/100 km (200 mpg ‑imp ; 170 mpg ‑US ). The Roewe RX5 Max received

3200-461: A variety of products for retail sales. Taobao grew to become China's largest C2C online shopping platform and later became the second most visited website in China, according to Alexa Internet . Taobao's growth was attributed to offering free registration and commission-free transactions using a free third-party payment platform. Advertising made up 75 percent of the company's total revenue, allowing it to break even in 2009. In 2010, Taobao's profit

3328-572: Is a 12 nm 16-core with a clockrate of 2.5 GHz, and was designed by Alibaba's subsidiary T-Head (also known as Pingtouge). Alibaba claim the Xuantie-910 is faster than the ARM Cortex-A73 and is capable of 7.1 Coremark/MHz. On 25 September 2019, Alibaba announced an AI accelerator called the Hanguang 800. The Hanguang 800 contains 17 billion transistors built with a 12 nm process and

3456-459: Is a Chinese multinational technology company specializing in e-commerce , retail , Internet , and technology . Founded on 28 June 1999 in Hangzhou, Zhejiang , the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates

3584-511: Is able to access data about retailers, products, transport details and flows, a person familiar with the company's IT systems told the British newspaper Financial Times . Chinese companies are legally obliged to pass on their data to China's authorities and security services. The Belgium State Security Service is monitoring the hub in Lütich because of this fact and possible espionage . According to

3712-728: Is affected by the plum rains of the Asian monsoon in June. In late summer (August to September), Hangzhou suffers typhoon storms, but typhoons seldom strike it directly. Generally they make landfall along the southern coast of Zhejiang, and affect the area with strong winds and stormy rains. Extremes since 1951 have ranged from −9.6 °C (15 °F) on 6 February 1969 up to 41.9 °C (107 °F) on 3 August 2024; unofficial readings have reached −10.5 °C (13 °F), set on 29 December 1912 and 24 January 1916, up to 42.1 °C (108 °F), set on 10 August 1930. With monthly percent possible sunshine ranging from 30% in March to 51% in August,

3840-399: Is also available as a plug-in hybrid variant called the Roewe eRX5. The PHEV variant is powered by SAIC's Blue Core GS61 1.5-litre turbo VTGI engine developing 138 kW (185 hp; 188 PS) and an electric motor with a maximum output of 180 kW (241 hp; 245 PS) and 570 N⋅m (420 lb⋅ft; 58.1 kg⋅m). The transmission is a 10-speed automatic gearbox. Top speed of

3968-429: Is also one of the biggest venture capital firms and investment corporations in the world, as well as the second largest financial services group behind Visa via its fintech arm Ant Group . The company hosts the largest B2B (Alibaba.com), C2C ( Taobao ), and B2C ( Tmall ) marketplaces in the world. It has been expanding into the media industry, with revenues rising by triple percentage points year after year. It also set

Roewe RX5 - Misplaced Pages Continue

4096-900: Is also the Jingci Temple , the Baochu Pagoda , and the Leifeng Pagoda .The Qiantang River is the largest river in Zhejiang Province, China. Every year during August 15 to August 18 of the lunar month in China, the Qiantang Tide occurs. It is called "the Biggest Tide in the World". The world's largest tidal bore races up the Qiantang River through Hangzhou reaching up to 12 m (39 ft) in height. Other religious sites in Hangzhou include

4224-399: Is backed by Tencent , leading to rumours of planned layoffs in 2022. In September 2019, Alibaba announced it would acquire Chinese e-commerce platform Kaola from NetEase for around US$ 2 billion . In October 2020, Alibaba agreed to pay US$ 3.6 billion to take control of China's biggest hypermarket operator Sun Art (SEHK: 6808) from French billionaire Mulliez family . The deal doubled

4352-401: Is believed that Hangzhou was the largest city in the world from 1180 to 1315 and from 1348 to 1358. Because of the large population and densely crowded (often multi-story) wooden buildings, Hangzhou was particularly vulnerable to fires. Major conflagrations destroyed large sections of the city in 1208, 1229, 1237, and 1275. The 1237 fire alone destroyed 30,000 dwellings. However, the worst was

4480-611: Is classified as a sub-provincial city and forms the core of the Hangzhou metropolitan area, the fourth-largest in China. It is the capital and most populous city of Zhejiang Province in East China . Hangzhou comprises 10 districts , 1 county-level city , and 2 counties . The ten urban districts occupy 8,292.31 km (3,201.68 sq mi) and have a population of 8,241,000, in which there are six central urban districts and four suburban districts. The central urban districts occupy 706.27 km (272.69 sq mi) and have

4608-499: Is composed of three parts, with the main regions being the Zhijiang Sci-Tech Industrial Park and Xiasha Sci-Tech Industrial Park. HHTZ has become one of the most influential high-tech innovation and high-tech industry bases in Zhejiang Province. As of 2013 , HHTZ hosts more than 1,100 software developers and BPO enterprises. Major companies such as Motorola , Nokia and Siemens have established R&D centers in

4736-427: Is designed as an online mall for brands such as airline companies and agencies. Fliggy set the target audience as the younger generation and it strives to become a one-stop service when they plan their trips, particularly in overseas travel. On 7 August 2017, Alibaba Group and Marriott International hotel group announced a comprehensive strategic co-operation. Two companies will set up a joint venture company. Through

4864-657: Is home to many types of birds. It holds a temple and several historic rural houses. The Qiandao Lake is a man-made lake with the largest number of islands in Chun'an County , under administration of the Hangzhou prefecture-level city . These islands are different in size and shape, and have distinctive scene. The Hangzhou Botanical Garden and the Hangzhou Zoo are located in the Xihu District . The native residents of Hangzhou, including those of Zhejiang and southern Jiangsu , speak

4992-710: Is located in the Xiacheng District and houses several famous buildings in the city, including the Zhejiang Natural History Museum , Zhejiang Museum of Science and Technology, and the Zhejiang Global Center, one of the tallest buildings in the city center at about 160 m (520 ft). The Xixi National Wetland Park was established with the aim of preserving the wetland ecological system, it covers an area of about 10 km (4 sq mi). Fish ponds and reed beds have been restored and it

5120-522: Is located near the West Lake . Lingyin Temple (Soul's Retreat), located about 2 km (1.2 mi) west of West Lake, is believed to be the oldest Buddhist temple in the city, which has gone through numerous destruction and reconstruction cycles. Yue Fei Temple , on the northwest shore of West Lake, was originally constructed in 1221 in memory of General Yue Fei , who died due to political persecution. There

5248-437: Is not a thief. Alibaba is a kind, smart business person, and he helped the village. So ... easy to spell, and global know. Alibaba opens sesame for small- to medium-sized companies. We also registered the name AliMama, in case someone wants to marry us! On 28 June 1999, Jack Ma , with 17 friends and students founded Alibaba.com, a China-based B2B marketplace site, in his Hangzhou apartment. In October 1999, Alibaba received

Roewe RX5 - Misplaced Pages Continue

5376-616: The Financial Times , Cainiao denied suggestions of wrongdoing, noting that the firm operates in compliance with relevant laws and regulations. According to the Reuters , Alibaba Group Holding Ltd has divested its logistics arm for $ 8.5 billion to a consortium led by investment firms Boyu Capital and Primavera Capital Group . In conjunction with the company's 10th anniversary, Alibaba launched Alibaba Cloud in September 2009, aiming to build

5504-488: The Hangzhou dialect , a Wu dialect unique to the area. Hangzhou's dialect differs from those of regions in southern Zhejiang and southern Jiangsu . As the official language defined by China's central government, Mandarin is the dominant spoken language, though it is mutually unintelligible with the Hangzhou dialect. The Hangzhou dialect has an estimated total of 1.2 to 1.5 million speakers. There are several museums located in Hangzhou including China National Silk Museum ,

5632-555: The Liuhe Pagoda , located on Yuelun Hill on the north bank of Qiantang River and the Hupao Temple ( 虎跑寺 ). In 2019, Hangzhou established a pilot program artificial intelligence-based Internet Court to adjudicate disputes related to ecommerce and internet-related intellectual property claims. Parties appear before the court via videoconference and AI evaluates the evidence presented and applies relevant legal standards. Hangzhou

5760-632: The Ming dynasty . There was persecution of Christians in the early 21st century in the city. There are many temples near the West Lake. Lingyin Temple was founded in the first year of Xianhe in the Eastern Jin Dynasty (AD 326). It has a history of about 1,700 years and is the earliest famous temple in Hangzhou. Yuefei Temple , a temple constructed during the Song Dynasty in 1221 to commemorate Yue Fei ,

5888-607: The Mongol siege of Kaifeng , while sparing the city of Hangzhou including the Chinese Zhao royal family of the Southern Song . The Mongols rehired Southern Song government officials and had Han Chinese artisans in Shangdu marry the palace women. The capital of the new Yuan dynasty was established in the city of Dadu ( Beijing ), but Hangzhou remained an important commercial and administrative center for their southern territory. Yuan China

6016-457: The Olympic Games . In September 2018, Jack Ma, the main founder of Alibaba, announced that he would step down as chairman in a year's time so he could focus on philanthropy. In response to the announcement, The Economist stated that Ma had a significant impact in China and worldwide via contributions and dedication to various businesses. In May 2019, Bloomberg cited sources familiar with

6144-522: The Tmall Genie smart speaker. In 2018, Alibaba's Wanli Min presented City Brain , a technology geared towards urban solutions such as streamlining traffic, detecting accidents and improving transport efficiency. China's government designated Alibaba as one of its "AI champions " in 2018. On 27 July 2019, Alibaba unveiled a 64-bit RISC-V processor called the XuanTie-910 (Black Iron 910). It

6272-637: The Yuan Mongol administrator of the city, who according to Ibn Battuta, was fond of the skills of local Chinese conjurers . The city remained an important port until the middle of the Ming dynasty era, when its harbor slowly silted up. Under the Qing , it was the site of an imperial army garrison. In 1856 and 1860, the Taiping Heavenly Kingdom occupied Hangzhou. The city was heavily damaged during its conquest, occupation, and eventual reconquest by

6400-592: The eleventh G20 summit in 2016. In February 2020, the city was under curfew measures due to the outbreak of coronavirus beginning in Wuhan that spread across China . Hangzhou is located in northwestern Zhejiang province, at the southern end of the Grand Canal of China , which runs to Beijing , in the south-central portion of the Yangtze River Delta . Its administrative area (sub-provincial city) extends west to

6528-491: The "1" referring to the digital economy and the "6" referring to cultural/creative economy, finance, tourism, fashion manufacturing, and high-end equipment manufacturing. As of at least 2023, Hangzhou's economic growth has been led by the digital sector and the creative/cultural sectors. In March 2013 the Hangzhou Tourism Commission started an online campaign via Facebook, the 'Modern Marco Polo' campaign. Over

SECTION 50

#1732872433136

6656-442: The 1208 fire which burned for 4 days in a 3-mile diameter and burnt 58,097 houses as well as killing 59 people. To combat this threat, the city constructed storage buildings that were rented out to merchants where watchmen patrolled by night and was enclosed by water on all sides. Besides this, the government established an elaborate system for fighting fires, erected watchtowers, devised a system of lantern and flag signals to identify

6784-418: The 19th city in the world with the most skyscrapers as well as the 9th in China. One of Hangzhou's most popular sights is West Lake , a UNESCO World Heritage Site . The West Lake Cultural Landscape covers an area of 3,323 ha (8,210 acres) and includes some of Hangzhou's most notable historic and scenic places. Adjacent to the lake is an area which includes historical pagodas, cultural sites, as well as

6912-468: The Chinese portal 1688.com, which manages domestic B2B trade in China, and AliExpress .com, a global consumer marketplace. Alibaba.com went public at the Hong Kong Stock Exchange in 2007, and was delisted again in 2012. In 2013, 1688.com launched a direct channel that was responsible for $ 30 million in daily transaction value. In 2003, Alibaba launched Taobao Marketplace (淘宝网), offering

7040-484: The Digital Media and Entertainment group. Each business unit would have their own CEO and board of directors and be able to seek their own fundraising and market listings. Under the new "1+6+N" structure, Alibaba also established a Capital Management Committee and a Compliance and Risk Committee. The Wall Street Journal reported on 30 March that Jack Ma engineered this in talks with company CEO Daniel Zhang while he

7168-464: The Hangzhou metropolitan area was estimated to produce a gross metropolitan product ( nominal ) of 4 trillion yuan (US$ 590 billion), making it larger than the economy of Sweden. As of the 2020 Chinese census , it had a total population of 11,936,010 inhabitants. However, its metropolitan area, populated by 13.035 million people over an area of 8,107.9 km (3,130.5 sq mi), consists of all urban districts in Hangzhou and 3 urban districts of

7296-604: The Qing army. Hangzhou was ruled by the Republic of China government under the Kuomintang from 1927 to 1937. From 1937 to 1945, the city was occupied by Japan . The Kuomintang returned in 1945, and governed until 1949. On May 3, 1949, the People's Liberation Army entered Hangzhou and the city came under Chinese Communist Party (CCP) control. After Deng Xiaoping 's reformist policies began in

7424-484: The Roewe RX5 Plus. It is essentially the facelift version of the standard RX5. It featured a new front fascia, including a new headlights, a new grille shape which adds one diamond like woven shape with a new black background Roewe logo, and a refreshed rear fascia. The Roewe RX5 Plus received another facelift in 2021 mainly updating the front grilles. The 2021 model was unveiled at 2021 Auto Shanghai. The Roewe RX5 Max

7552-696: The World". The world's largest tidal bore races up the Qiantang River through Hangzhou reaching up to 12 m (39 ft) in height. Hangzhou's climate is humid subtropical ( Köppen Cfa ) with four distinct seasons, characterised by long, very hot, humid summers and chilly, cloudy and drier winters, albeit with occasional snow. The mean annual temperature is 17.0 °C (62.6 °F), with monthly daily averages ranging from 5 °C (41.0 °F) in January to 29.3 °C (84.7 °F) in July. The city receives an average annual rainfall of 1,438 mm (56.6 in) and

7680-566: The announcement. A statement from the firm reported that Yan Limin, the general manager of Alibaba.com at the time, had been dismissed in March for "misconduct"; Phil Muncaster of UK's The Register additionally reported that "a further 28 employees had been involved in dodgy dealings". As The Economist noted, the company's response has conflicting components: Alibaba's promulgated view that its corrective actions indicate its commitment to quality and integrity (where it contrasts itself with other scandal-associated Chinese business sectors), versus

7808-589: The area of Wulin Mountains and Wulin Lakes, Hangzhou's aliases Qiantang ( 錢唐 ) and Wulin ( 武林 ) began to appear during the Qin and Han dynasties. Hangzhou was made the seat of the prefecture of Hang in AD 589 , entitling it to a city wall which was constructed two years later. By a longstanding convention also seen in other cities like Guangzhou and Fuzhou , the city took on

SECTION 60

#1732872433136

7936-472: The arts, particularly of Buddhist temple architecture and artwork. The dyke built to protect the city by King   Qian Liu gave the Qiantang its modern name. Hangzhou also became a cosmopolitan center, drawing scholars from throughout China and conducting diplomacy with neighboring Chinese states, and also with Japan , Goryeo , and the Khitan Liao dynasty . In 1089, another renowned poet governor Su Shi (Su Dongpo) used 200,000 workers to construct

8064-488: The business for an equal equity stake. In 2016, Alibaba acquired control of Singapore-based e-commerce platform Lazada . Lazada is the largest e-commerce platform in southeast Asia, with a major presence in Malaysia, the Philippines, Singapore, Thailand, and Vietnam. This acquisition increased integration on Alibaba between Chinese merchants and their customers in southeast Asia. In October 2016, Alibaba launched Alitrip, later named Fliggy, an online travel platform that

8192-399: The city of Shaoxing . Hangzhou is the eighth largest GDP among cities in mainland China with a GDP of around 1.8 trillion RMB ($ 280 billion). Home to the headquarters of large global tech companies such as Alibaba Group , Ant Group , and NetEase , Hangzhou is known for attracting professionals and entrepreneurs who work in information technology . As of August 2023 , Hangzhou has

8320-435: The city receives 1,709.4 hours of sunshine annually. and (yearend est.) As of 2023, Hangzhou had a permanent population of 12.522 million (including Xiaoshan and Yuhang), of which 10.543 million (84.2%) lived in urban areas. The encompassing metropolitan area was estimated by the OECD (Organisation for Economic Co-operation and Development) to have, as of 2010 , a population of 13.4 million, although other sources put

8448-425: The company and investors. Alibaba was the biggest US IPO in history, bigger than Google, Facebook, and Twitter combined. On 19 September 2014, Alibaba's shares (BABA) began trading on the NYSE at an opening price of $ 92.70 at 11:55 am EST. On 22 September 2014, Alibaba's underwriters announced their confirmation that they had exercised a greenshoe option to sell 15% more shares than originally planned, boosting

8576-479: The company to return its focus to digital-payments. People's Daily , the official newspaper of the Central Committee of the Chinese Communist Party , endorsed the investigation shortly after the announcement, claiming the investigation to be "an important step in strengthening antimonopoly oversight in the internet sphere". As a result, from the antitrust probe, Alibaba lost nearly all of its stock-market gains in 2020, from $ 859 billion to $ 586 billion, by

8704-450: The company. On 23 June 2015, Alibaba announced that it is selling 11 Main to OpenSky, an online-marketplace operator based in New York. In February 2015, Alibaba invests US$ 590 million in Meizu , acquiring an undisclosed minority stake. In June 2015, Alibaba started a joint venture Koubei with its affiliate Ant Financial Group to tap China's fast-growing local services market, each investing approximately US$ 483 million into

8832-399: The counterfeiters as of 4 January 2017 , but brands whose sales have been affected by the counterfeit products accused Alibaba of not doing enough. In 2017, Alibaba started opening a chain of supermarkets, named Freshippo (or Hema; 盒马), as part of the company's "new retail strategy," where customers can either order in the store or online for delivery in under 30 minutes. It offers

8960-488: The docking technology system and the superiority resources, Fliggy has Marriott hotel flagship store. It has the same function with Marriott Chinese website and Marriott mobile app to create the best global travel experience for consumers. In 2016, the Office of the United States Trade Representative added Taobao back onto a list of notorious counterfeit platforms that includes the likes of torrent site The Pirate Bay . Alibaba denied wrongdoing and filed two lawsuits against

9088-424: The dyke, making it a landmark. It is listed as one of the Seven Ancient Capitals of China . It was first the capital of the Wuyue Kingdom from 907 to 978 during the Five Dynasties and Ten Kingdoms period . Named Xifu ( 西府 ) at the time, it was one of the three great bastions of culture in southern China during the tenth century , along with Nanjing and Chengdu . Leaders of Wuyue were noted patrons of

9216-632: The eRX5 is 200 km/h (120 mph) and acceleration from 0 to 100 km/h (0 to 62 mph) takes 6.9 seconds, fuel consumption is 3.3 litres per 100 kilometres (30.3 km/L; 71.3 mpg ‑US ; 85.6 mpg ‑imp ). The Roewe D5X is the hybrid variant of the third generation Roewe RX5. The D5X is powered by the DMH system consisting of a 1.5-liter Turbo engine producing 110kW and an electric motor producing 153kW. Alibaba Group Alibaba Group Holding Limited , branded as Alibaba ( / ˌ æ l i ˈ b ɑː b ə , ˌ ɑː -/ ),

9344-400: The eighth most visited web site in China as of 2013. In 2012, Tmall.com later changed its Chinese name to Tianmao (天猫, "sky cat"), reflecting Tmall's Chinese pronunciation. In March 2010, Taobao launched the group shopping website Juhuasuan (聚划算), offering "flash sales", which are products that are available at a discount for only a fixed time period. In October 2010, Taobao beta-launched eTao,

9472-544: The end of 1978, Hangzhou took advantage of being situated in the Yangtze Delta to bolster its development. It is now one of China's most prosperous major cities. During the Cultural Revolution , Hangzhou was stage to a series of labor unrest and factional fighting known as the Hangzhou incident . Hangzhou was the third city in China to host the Asian Games after Beijing 1990 and Guangzhou 2010 . It also hosted

9600-423: The end of December. Jack Ma, co-founder of both Alibaba and Ant Group , vanished from public view when Ant's IPO was suspended in early November, but resurfaced in January 2021 in a 50-second video, appearing briefly via video link at the digitally facilitated Rural Teacher Initiative. As of February 2021, he has yet to be seen in public. The video appearance caused Alibaba stock to jump more than 7%. Jack Ma made

9728-482: The figure at over 21 million. The Hangzhou metropolitan area includes the major cities of Shaoxing , Jiaxing and Huzhou . Hangzhou has a life expectancy of 83.18 years for the city's registered population as of 2021 , one of the highest in China. In 1848, during the Qing dynasty , Hangzhou was described as the "stronghold" of Islam in China , the city containing several mosques with Arabic inscriptions. A Hui from Ningbo also told an Englishman that Hangzhou

9856-557: The fine without making any appeal. On 11 November 2021, it was reported that over the course of its 11-day Singles' Day sales extravaganza, Chinese e-commerce giant Alibaba Group Holding received a record 540.3 billion yuan (S$ 114.4 billion) in orders, a 14 percent increase over the previous year. In July 2022, the SEC added Alibaba to a list of companies facing delisting from U.S. stock exchanges if its auditors remain unable to examine Alibaba's books before 2024. In December 2022,

9984-702: The front view, with the eRX5 and ERX5 having larger grilles and grille mounted front license plates. The only styling difference between the eRX5 and ERX5 are the different inner headlamp setup and graphics. The RX5 is also sold under the MG marque, though only with petrol powertrains. It was launched in the Middle East and the Philippines in February 2018. It is also sold in Cambodia, Iran and South America. In April 2020, SAIC released

10112-463: The global e-commerce system, so from 2003 onward, Alibaba launched Taobao Marketplace , Alipay , Alimama.com, and Lynx. When eBay announced its expansion into China in 2003, Ma viewed the American company as a foreign competitor and rejected eBay's buyout of Alibaba's subsidiary Taobao. By applying existing technologies, gaining trust in the Chinese e-commerce market, and expanding through dominating

10240-403: The group's stake in the hypermarket chain with a tootles ownership of 72%. Alibaba.com offers a paid Gold Supplier membership to try to ensure that each seller is genuine; sellers' Gold Supplier status and the number of years it has been held are displayed. The supplier verification types and checks are listed on Alibaba.com's website, with more stringent checks for sellers outside China. While

10368-529: The large population. Arab merchants lived in Hangzhou during the Song dynasty , due to the fact that the oceangoing trade passages took precedence over land trade during this time. The Phoenix Mosque was constructed by a Persian settler in Hangzhou at this time. From 1132 until the Mongol invasion of 1276, Hangzhou remained the capital of the Southern Song dynasty and was known as Lin'an ( 臨安 ). It served as

10496-412: The largest domain registration service and web hosting service company in China, and built it into Alibaba Cloud. On 28 July 2011, Alibaba Cloud released AliOS (formerly Yun OS and Aliyun OS ), a Linux distribution designed for mobile devices. In the 2017 Computing Conference in Hangzhou, Alibaba launched AliGenie , a China-based open-platform intelligent personal assistant. It is currently used in

10624-408: The largest silk museum in the world, China National Tea Museum ( 中国茶叶博物馆 ), and Zhejiang Provincial Museum , which has a collection of integrated human studies, exhibition and research with over 100,000 collected cultural relics. Many theaters in Hangzhou host opera shows such as Yue opera . There are several big shows themed with the history and culture of Hangzhou like Impression West Lake and

10752-586: The lawsuit. Alibaba is among the most prominent investors in Thailand's Eastern Economic Corridor , which was opened in 2018. Alibaba committed approximately US$ 320 million for the development of an e-commerce digital hub in the EEC. In January 2017, Alibaba and the International Olympic Committee jointly announced an $ 800 million deal that would last until 2028 where the company would sponsor

10880-514: The lowest close in around 6 months, following the antitrust investigation into the company by Chinese regulators. In December 2020, China's State Administration for Market Regulation (SAMR) stated that it opened an investigation into Alibaba over monopolistic practices. The country's central bank , as well as three other regulators, confirmed in a separate statement that the affiliated Ant Group would also be summoned for discussions over "competition and consumer rights", where regulators instructed

11008-438: The majority of suppliers are reported to be genuine, there have been many cases of sellers, some with Gold Supplier status, seeking to defraud unsuspecting buyers. In February 2011, controversy ensued when Alibaba's corporate office admitted that it had granted the mark of integrity of its "China Gold Supplier" program to more than 2,000 dealers that had subsequently defrauded buyers; the firm's share price dropped "abruptly" after

11136-433: The market at a loss before making a return on additional services, Alibaba's subsidiaries outperformed eBay in the Chinese e-commerce market, claiming a growing percentage of consumers from eBay. Alibaba subsidiary Taobao would later force eBay out of the Chinese market, with eBay closing its unprofitable China Web unit, though the two companies would break even six years later. In 2005, Yahoo! invested in Alibaba through

11264-655: The matter as saying that Alibaba was considering raising $ 20 billion through a second listing in Hong Kong. In November 2019, Alibaba raised 12.9 billion in its secondary listing in Hong Kong, which became the world's largest offering that year. On Tuesday, 10 September 2019, Jack Ma officially stepped down as the chairman of Alibaba, Daniel Zhang succeeded him at the head of the company. In November 2020, The Wall Street Journal reported that Chinese leader Xi Jinping personally scuttled Jack Ma's Ant Group IPO. Bo Zhuang, chief China economist at TS Lombard said that

11392-532: The most celebrated poets in Chinese history such as Su Shi , Lu You , and Xin Qiji came here to live and die. Hangzhou is also the birthplace and final resting place of the scientist Shen Kuo (1031–1095 AD), his tomb being located in the Yuhang district. During the Southern Song dynasty, commercial expansion, an influx of refugees from the conquered north, and the growth of the official and military establishments, led to

11520-473: The mountainous parts of Anhui province, and east to the coastal plain near Hangzhou Bay . The city center is built around the eastern and northern sides of the West Lake, just north of the Qiantang River . The Qiantang River is the largest river in Zhejiang Province, China. Every year during August 15 to August 18 of the lunar month in China, the Qiantang Tide occurs. It is called "the Biggest Tide in

11648-453: The name of the area it administered and became known as Hangzhou. Hangzhou was at the southern end of China's Grand Canal which extends to Beijing. The canal evolved over centuries but reached its full length by 609. In the Tang dynasty , Bai Juyi , a renowned poet, was appointed governor of Hangzhou. He noticed that the farmland nearby depended on the water of West Lake , but due to negligence

11776-529: The natural environment of the lake and hills, including Phoenix Mountain . There are two causeways across the lake. The west of the lake contains Dreaming of the Tiger Spring , popular for longjing tea fields. The parts of the Grand Canal in Hangzhou, also a World Heritage Site was built in 610 AD. The core historical sites are accessible by Hangzhou Metro Line 5 's The Grand Canal station or East Gongchen Bridge station . The West Lake Cultural Square

11904-422: The next year nearly 26,000 participants applied from around the globe, in the hopes of becoming Hangzhou's first foreign tourism ambassador. In a press conference in Hangzhou on 20 May 2014, Liam Bates was announced as the successful winner and won a $ 55,000 contract, being the first foreigner ever to be appointed by China's government in such an official role. Hangzhou Economic and Technological Development Zone

12032-457: The number of stores with sales between ¥10 thousand and ¥1 million increased by 30%, and the number of stores with sales over ¥1 million increased by 33%. In April 2008, Taobao introduced a spin-off, Taobao Mall (淘宝商城, later Tmall.com), an online retail platform to complement the Taobao C2C portal, offering global brands to an increasingly affluent Chinese consumer base. It became

12160-459: The old dyke had collapsed, and the lake so dried out that the local farmers were suffering from severe drought . He ordered the construction of a stronger and taller dyke, with a dam to control the flow of water, mitigating the drought problem. The livelihood of local people of Hangzhou improved over the following years. Bai Juyi used his leisure time to enjoy the West Lake, visiting it almost daily. He then had willows and other trees planted along

12288-640: The original home of the Kaifeng Jewish community . There was formerly a Jewish synagogue in Ningbo, as well as one in Hangzhou, but no traces of them are now discoverable, and the only Jews known to exist in China were in Kaifeng. Two of the Three Pillars of Chinese Catholicism were from Hangzhou. The Immaculate Conception Cathedral of Hangzhou is one of the oldest Catholic churches in China, dating back 400 years to

12416-450: The outcome of disputes on the platform. This decentralized approach was popular and similar mechanisms were adopted or experimented with by other e-commerce platforms in China. On 11 June 2014, Alibaba launched US shopping site 11 Main. The 11 Main marketplace hosts more than 1,000 merchants in categories such as clothing, fashion accessories and jewelry as well as interior goods and arts and crafts and it plans to keep adding more, said

12544-556: The palace walls. The city walls were built with tamped earth and stone and was 30 feet high and 10 feet thick at its base. There were 13 gates and several towers on the walls. The walls covered the city by four miles north to south and only one mile east to west. According to the Italian explorer Odoric of Pordenone , Hangzhou was the greatest city in the world. It was heavily populated and filled with large family estates. It had 12,000 bridges. Bread, pork, rice, and wine were abundant despite

12672-431: The provincial capitals after Guangzhou. The city has more than tripled its GDP since then, increasing from RMB 156.8 billion in 2001 to RMB 1.3509 trillion in 2018 and GDP per capita increasing from US$ 3,020 to $ 21,184. As of 2019, the Hangzhou metropolitan area was estimated to produce a gross metropolitan product ( nominal ) of 3.2 trillion yuan ($ 486.53 billion), making it larger than the economies of Argentina, with

12800-420: The rear end styling. Images of the third generation Roewe RX5 was released in March 2022. The third generation RX5 is powered by a 1.5 liter turbo engine codenamed 15FDE producing a maximum power output of 188 hp (140 kW; 191 PS) mated to a 7-speed wet dual clutch transmission. The engine is the updated version of the second generation Blue Core powertrain of SAIC . The third generation Roewe RX5

12928-525: The record on the 2018 edition of China's Singles' Day , the world's biggest online and offline shopping day. The company's name came from the character Ali Baba from the Middle Eastern folk-tale collection One Thousand and One Nights because of its universal appeal. As Jack Ma , one of the founders, replied to Lorraine Hahn on TalkAsia : One day I was in San Francisco in a coffee shop, and I

13056-464: The seat of the imperial government, a center of trade and entertainment, and the nexus of the main branches of the civil service . During that time the city was a gravitational center of Chinese civilization as what used to be considered "central China" in the north was taken by the Jin , an ethnic minority dynasty ruled by Jurchens . Numerous philosophers, politicians, and men of literature, including some of

13184-519: The source of the flames and direct the response, and charged more than 3,000 soldiers with the task of putting out fire. Hangzhou was besieged and captured by the advancing Mongol armies of Kublai Khan in 1276, three years before the final collapse of the Southern Song. Historian Patricia Buckley Ebrey noted that the Mongol Yuan dynasty killed the Jurchen Wanyan royal family by the hundreds in

13312-454: The store chain private. Alibaba's stake—28% from 2014's US$ 692 million investment—would rise to about 74% after the deal. In April 2014, Alibaba invested in Lyft, along with Coatue Management , and Andreessen Horowitz ; they led a US$ 250 million Series D financing round. On 5 June 2014, Alibaba bought a 50% stake of Guangzhou Evergrande F.C. from Evergrande Real Estate Group Ltd. in

13440-419: The suspension "forms part of a wider political drive as the leadership seeks to widen and consolidate its control over finance and technology". What followed was an unexpected Chinese government-released draft on 10 November 2020, which gives regulatory authorities a wider latitude to regulate their biggest tech enterprises. In December 2020, the shares of Alibaba Group suffered a historic stock price crash to

13568-819: The tenth-most Fortune Global 500 headquarters of any city in the world and the fourth-most in China ;– after Beijing , Shanghai and Shenzhen  – within its city limits. According to the 2020 Hurun Global Rich List, Hangzhou ranks 11th in the world and 6th in China (after Beijing, Shanghai, Hong Kong , Shenzhen and Guangzhou ) in the number of resident billionaires. Hangzhou ranks 13th globally by scientific outputs. It hosts several notable universities , including Zhejiang , Zhejiang University of Technology , Hangzhou Normal , Hangzhou Dianzi , Zhejiang A&F , Zhejiang Sci-Tech , Zhejiang Chinese Medical , Westlake , China Jiliang and Zhejiang University of Finance and Economics . Its West Lake ,

13696-792: The tenth-most Fortune Global 500 headquarters of any city in the world and the fourth-most in China – after Beijing, Shanghai and Shenzhen – within its city limits. Hangzhou is the headquarters of several technology companies including Alibaba Group , NetEase , Ant Group , Geely , and HikVision . As a result of its internet industry, many programmers from other cities such as Shanghai or Beijing have come to Hangzhou. The city has developed many new industries, including medicine, information technology, heavy equipment, automotive components, household electrical appliances, electronics, telecommunication, fine chemicals, chemical fibre and food processing. The city describes its important industries as "1 + 6" industrial clusters, with

13824-575: The total amount of the IPO to $ 25 billion. Alibaba and the underwriters of its IPO were sued in a California superior court in a consolidated class action lawsuit. The lawsuit was filed in October 2015 on behalf of investors who purchased Alibaba's American depositary shares alleging violations of the Securities Act . Alibaba reached a settlement agreement in December 2018, subject to court approval, in which it agreed to pay $ 75 million to settle

13952-534: The world on the Forbes Global 2000 2020 list. In January 2018, Alibaba became the second Asian company to break the US$ 500 ;billion valuation mark, after its competitor Tencent . As of 2022 , Alibaba has the ninth-highest global brand valuation . Alibaba is one of the world's largest retailers and e-commerce companies . In 2020, it was also rated as the fifth-largest artificial intelligence company. It

14080-523: The world's largest and most popular online retail marketplaces, achieved a total transaction volume of 3 trillion yuan (US$ 478.6 billion). The company aims to double the transaction volume to 6 trillion yuan by 2020. As of February 2018 , Taobao reached 580 million monthly active users , while Tmall achieved 500 million monthly active users. It is also rapidly expanding its e-commerce network abroad. Alibaba has also announced that it will invest 100 billion yuan over five years to build

14208-569: The zone. In 2011, the GDP of the zone rose by 13.1 percent, amounting to RMB 41.63 billion. This accounted for 5.9 percent of Hangzhou's total GDP. The HHTZ positions itself as the "Silicon Valley" of China. The Alibaba Group is headquartered in the zone. Although Hangzhou has been through many recent urban developments, it still retains its historical and cultural heritage and natural environment. Today, tourism remains an important factor for Hangzhou's economy. Hangzhou has numerous skyscrapers , making it

14336-405: Was "the biggest city I have ever seen on the face of the earth." He visited Hangzhou in 1345 and noted its charm and described how the city sat on a beautiful lake and was surrounded by gentle green hills. He was particularly impressed by the large number of well-crafted and well-painted Chinese wooden ships with colored sails and silk awnings in the canals. He attended a banquet held by Qurtai,

14464-611: Was also ranked first in the China Emerging City Rankings of the Economist Intelligence Unit , which assesses Chinese cities growth potential, in both 2021 and 2022. Hangzhou ranks 11th in the world and 6th in China (after Beijing , Shanghai , Hong Kong , Shenzhen and Guangzhou ) in terms of the number of billionaires according to the Hurun Global Rich List 2020. As of August 2023, Hangzhou has

14592-586: Was captured by the Jurchens in the Jingkang Incident of 1127. Emperor Gaozong moved to Nanjing, then to modern Shangqiu , then to Yangzhou in 1128, and finally to Hangzhou in 1129. Once the prospect of retaking northern China had diminished, buildings in Hangzhou were extended and renovated to become a permanent imperial capital. The imperial palace in Hangzhou, modest in size, was expanded in 1133 with new roofed alleyways, and in 1148 with an extension of

14720-519: Was designed by T-Head and DAMO Academy (Alibaba's research team). Alibaba claim it is capable of 78,563 images per second (IPS) inference and 500 IPS/W in ResNet-50. The Hanguang 800 will be available to be rented on Alibaba Cloud. Hangzhou, Zhejiang Hangzhou is the capital of Zhejiang, China . It is located in the northeastern part of the province, sitting at the head of Hangzhou Bay , which separates Shanghai and Ningbo . As of 2022,

14848-553: Was during this time that rice was first cultivated in southeast China. Excavations have established that the jade -carving Liangzhu culture (named for its type site just northwest of Hangzhou) inhabited the area immediately around the present city around five thousand years ago. The first of Hangzhou's present neighborhoods to appear in written records was Yuhang , which probably preserves an old Baiyue name. In 222 BC, Emperor Qin Shi Huang established Qiantang County, located in

14976-515: Was established and approved as a national development zone by the State Council in 1993. It covers an area of 104.7 km (40.4 sq mi). Encouraged industries include electronic information, biological medicine, machinery and household appliances manufacturing, and food processing. Hangzhou Export Processing Zone was established on April 27, 2000, upon approval of the State Council. It

15104-427: Was established. Hangzhou's economy has rapidly developed since its opening up in 1992. It is an industrial city with many diverse sectors such as light industry, agriculture, and textiles. It is considered an important manufacturing base and logistics hub for coastal China. Additionally, the city is an e-commerce and technology hub. The 2001 GDP of Hangzhou was RMB 156.8 billion, which ranked second among all of

15232-441: Was established. On March 12, 2001, Xiaoshan and Yuhang, formerly two county-level cities under the administration of Hangzhou prefecture-level city , were re-organized as two districts. On December 13, 2014, and in July 2017, Fuyang and Lin'an, formerly two county-level cities under the administration of Hangzhou prefecture-level city , were re-organized as two districts. On April 9, 2021, Linping District and Qiantang District

15360-420: Was estimated to be ¥1.5 billion (US$ 235.7 million), which was only about 0.4 percent of their total sales figure of ¥400 billion (US$ 62.9 billion) that year, way below the industry average of 2 percent, according to iResearch estimates. According to Zhang Yu, the director of Taobao, between 2011 and 2013, the number of stores on Taobao with annual sales under ¥100 thousand increased by 60%;

15488-421: Was one of the first zones and the only one in Zhejiang Province to be approved by the government. Its total planned area is 2.92 km (1.13 sq mi). It is located close to Hangzhou Xiaoshan International Airport and Hangzhou Port. Hangzhou Hi-Tech Industrial Development Zone was set up with approval from the State Council as a state-level high-tech Industrial Development Zone in March 1991. The HHTZ

15616-448: Was overseas. In September 2023, Cainiao Smart Logistics Network Ltd., the logistics arm of Alibaba Group, has filed for its Hong Kong initial public offering, potentially making it among the first of the Chinese e-commerce leader's units to go public. The key trends for Alibaba are (as at the financial year ending March 31): Alibaba is viewed by the Chinese government as one of its national champion corporations. Alibaba supplies

15744-524: Was previewed during the 2019 Shanghai Auto Show , as the Roewe Max pre production concept. The model was later revealed as the Roewe RX5 Max . The model is designed to be a larger and more upmarket alternative to the RX5. The Roewe RX5 Max is powered by the same engine of the Roewe RX5, including the 1.5 litre turbo inline four engine, and the 2.0 litre turbo inline four engine. Transmission options include

15872-446: Was said to have placed the head of Alibaba Group, Jack Ma—who was described as having been furious over the scandal—in a position to personally fight to win back trust. In 2013, Alibaba and six large Chinese logistics companies (including SF Express) established a company called Cainiao for delivery of packages in China. This network gradually grew to 14 local logistics companies in 2014. In 2016, Alibaba's Taobao and Tmall , two of

16000-519: Was so enormous that no man could form a just estimate thereof". Polo's account greatly exaggerates the city's size, although it has been argued that the "hundred miles" of walls would be plausible if Chinese miles were intended instead of Italian ones and that the "12,000 stone bridges" might have been a copyist error born from the city's 12 gates. In the 14th century, the Moroccan traveler Ibn Battuta arrived; his later account concurred that al-Khansā

16128-514: Was the "stronghold" of Islam in Zhejiang province, containing multiple mosques, compared to his small congregation of around 30 families in Ningbo for his mosque. Within the city of Hangzhou are two notable mosques: New Hangzhou Great Mosque and the Phoenix Mosque . As late as the latter part of the 16th and early 17th centuries, the city was an important center of Chinese Jewry , and may have been

16256-459: Was thinking Alibaba is a good name. And then a waitress came, and I said do you know about Alibaba? And she said yes. I said what do you know about Alibaba, and she said ' Open Sesame .' And I said yes, this is the name! Then I went onto the street and found 30 people and asked them, 'Do you know Alibaba'? People from India, people from Germany, people from Tokyo and China. ... They all knew about Alibaba. Alibaba—open sesame. Alibaba—40 thieves. Alibaba

16384-445: Was very open to foreign visitors, and several returned west describing Hangzhou—under the names Khinzai , Campsay , etc. —as one of the foremost cities in the world. The Venetian merchant Marco Polo supposedly visited Hangzhou in the late 13th century. In his book , he records that the city was "greater than any in the world" and that "the number and wealth of the merchants, and the amount of goods that passed through their hands,

#135864