
Alibaba has established a new company called 1688 Zhihui Digital Technology
According to the Qichacha APP, recently, Hangzhou 1688 Zhihui Digital Technology Co., Ltd. was established, with Gao Xiang as the legal representative. The business scope includes Class II value-added telecommunications services, data processing and storage support services, conference and exhibition services, translation services, and more. Qichacha's equity penetration shows that the company is wholly owned by Hangzhou Alibaba Advertising Co., Ltd

