Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares - BABA STOCK NEWS

Mindee, an API-first platform focused on automating data entry, has raised $14 million in a Series A round led by GGV Capital, with participation from Alven, Serena Capital, and Bpifrance. The funding aims to expand Mindee's presence in the U.S. and Europe, enhancing its machine learning capabilities and platform features. Notable investors include leaders from Algolia and Datadog. Mindee simplifies document processing with its API, helping businesses mitigate manual data entry in various applications.

J.P. Morgan (NYSE: JPM) has launched a credit card payment processing service for Alibaba.com (NYSE: BABA), enhancing payment options for U.S. small and medium-sized businesses. This partnership with Alipay facilitates smoother transactions, allowing U.S. credit cards to be used on Alibaba.com. J.P. Morgan, recognized as the top U.S. payments processor, aims to support businesses pivoting to digital solutions amidst the growing e-commerce landscape, which saw over $4.2 trillion in online sales in 2020.

Ouster, Inc. (NYSE: OUST) has signed a Strategic Customer Agreement with Juzhen Data Tech, expecting to supply 1,190 lidar sensors through 2025 for Juzhen's next-gen delivery vehicles in China. Juzhen aims to enhance its electric delivery vehicles with Ouster’s sensors for improved navigation and obstacle avoidance. Ouster’s CEO highlighted the partnership's role in advancing automation in logistics, emphasizing cost efficiency and performance. Juzhen's first electric vehicle was launched in November 2020, catering to the growing e-commerce market.

Alibaba.com, a leading B2B ecommerce marketplace and a unit of Alibaba Group (NYSE: BABA), announced new products and services aimed at supporting the rise of "New Digital Entrepreneurs." Key offerings include Alibaba.com Dropshipping Solutions and a $500,000 grants program to assist ecommerce businesses. In 2020, the US saw a surge of new online businesses, with Alibaba.com experiencing a 150% increase in transactions from US enterprises. The new services aim to alleviate challenges such as inventory management and capital constraints for these entrepreneurs.

Intercontinental Exchange (NYSE:ICE) announced a record trading day for its MICRO NYSE FANG+™ Index futures on August 26, with 20,732 contracts traded. This marks an increase in average daily volume to 8,423 contracts for August. The NYSE FANG+™ Index includes major tech firms like Alibaba and Amazon, boasting an annualized return of 33.41%. The futures contracts were reduced in notional value to approximately $35,000 in September 2020, enhancing accessibility for a broader range of participants.

Alibaba Group announced its financial results for Q2 2021, reporting a 34% year-over-year revenue growth to RMB205,740 million (US$31,865 million). Annual active consumers reached 1.18 billion, with significant contributions from its China retail marketplaces and international business. Notably, adjusted net income rose 10% to RMB43,441 million (US$6,728 million). However, income from operations fell 11% to RMB30,847 million (US$4,778 million) due to increased investments. The company has also increased its share repurchase program from US$10 billion to US$15 billion.

Alibaba Group Holding Limited (NYSE: BABA) has filed its annual report on Form 20-F for the fiscal year ending March 31, 2021. Available on the company’s investor relations website, the report includes audited consolidated financial statements. Shareholders and ADS holders can request a hard copy of the report free of charge. The company continues to focus on its mission to simplify business and aims to build a lasting future infrastructure of commerce.

Alibaba Group Holding Limited (NYSE: BABA) will announce its unaudited financial results for the quarter ended June 30, 2021, before U.S. markets open on August 3, 2021. A conference call will be held at 7:30 a.m. Eastern Time to discuss these results. Investors can join the call through various international numbers or via a live webcast accessible on Alibaba's Investor Relations website. An archived version of the webcast will be available after the call.