--- title: "Alibaba has established a new company called 1688 Zhihui Digital Technology" description: "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 second-class value-a" type: "news" locale: "en" url: "https://longbridge.com/en/news/259242020.md" published_at: "2025-09-29T01:58:12.000Z" --- # 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 second-class 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 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 ### Related Stocks - [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md) - [KBAB.US - KraneShares 2x Long BABA Daily ETF](https://longbridge.com/en/quote/KBAB.US.md) - [BABO.US - YieldMax BABA Option Income Strategy ETF](https://longbridge.com/en/quote/BABO.US.md) - [BABX.US - BABA 2x Long Daily ETF - GraniteShares](https://longbridge.com/en/quote/BABX.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Alibaba unveils Qwen3.5 as China’s chatbot race shifts to AI agents | Alibaba Group has launched its latest AI model, Qwen3.5, featuring advanced agentic capabilities amid rising competition | [Link](https://longbridge.com/en/news/276091034.md) | | Alibaba unveils new Qwen3.5 model for 'agentic AI era' | Alibaba has launched its new AI model, Qwen 3.5, which is designed for independent task execution and boasts significant | [Link](https://longbridge.com/en/news/276045126.md) | | Alibaba Stock Forecast Ahead of Q3 Earnings – Here's What to Expect | E-commerce giant Alibaba (BABA) is set to report fiscal Q3 2026 results soon, with analysts expecting earnings of $1.68 | [Link](https://longbridge.com/en/news/276325421.md) | | CenterBook Partners LP Buys 91,929 Shares of PAR Technology Corporation $PAR | CenterBook Partners LP increased its stake in PAR Technology Corporation by 407.6% in Q3, acquiring 91,929 shares, total | [Link](https://longbridge.com/en/news/276327262.md) | | PNC Financial Services Group Inc. Acquires 3,223 Shares of Alibaba Group Holding Limited $BABA | PNC Financial Services Group Inc. increased its stake in Alibaba Group Holding Limited by 7.1% in Q3, acquiring an addit | [Link](https://longbridge.com/en/news/276318339.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.