Alibaba Group Holding Ltd. (NYSE: BABA) has established a new digital tech firm within e-commerce outfit Taobao and Tmall Group (TTG) to further its goal of expanding its share of the global market: the Hangzhou Taobao and Tmall Digital Technology Company. The new technology company has a registered capital base of $1.4 million (10 million yuan) and will be involved in a variety of businesses. This includes outdoor products, food sales, export and import of products, household appliances, daily groceries and tech-related services such as technology transfer and software development.
The new technology company was registered on Aug. 23, 2024, shortly after Alibaba successfully…
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