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Jack Ma's Ant Group Putting Together Largest IPO In History
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Alibaba's Ant Group files for record-breaking IPO
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Alibaba Boosts its Holding in Sun Art Group in a Deal Worth $3.6 BillionAlibaba Group Holding has increased its stake in Sun Art Retail Group, a Hypermarket chain operator. As by Reuters, the move by Alibaba Group Holding Ltd (HKG: 9988) to increase its investment in the..
Alibaba increases stranglehold on Chinese shoppersThe tech giant is increasing its offline footprint by acquiring leading supermarket chain Sun Art.
Alibaba reports 34% surge in quarterly revenueHANGZHOU - China's e-commerce giant Alibaba Group reported year-on-year revenue growth of 34 percent to 153.8 billion yuan ($21.76 billion) for the quarter that ended on June 30, 2020. The company's...
China's Alibaba offers olive branch to TrumpThe comments from the online retail giant's boss come as the firm saw sales jump in the wake of the pandemic.
After TikTok, Trump administration may ban Alibaba, other Chinese firms in USUS President Donald Trump has indicated that he was looking to ban other Chinese-owned companies, including e-commerce giant Alibaba in the United States, days after signing an executive order..
After TikTok and WeChat, Alibaba could be the next target in Trump's tech warHong Kong (CNN Business)The United States has taken aim at some of China's biggest tech champions, from Huawei and ByteDance's TikTok to Tencent's WeChat. Alibaba, one of the world's largest retail and..
Hong Kong launches share index of technology giantsInvestors will now have greater access to Chinese tech firms including Alibaba, China's answer to Amazon.
Alibaba’s Jack Ma ordered to appear before Indian court after ex-employee sues over alleged censorship & fake newsJack Ma, CEO of Alibaba, has been pulled into a lawsuit filed by a former Indian employee who claims the company’s mobile apps censor content. The case comes after India imposed a sweeping ban on..
Gurgaon court summons Chinese billionaire Jack Ma, founder of Alibaba Group, over 'wrongful firing' of ex-employeeThe case comes weeks after India cited security concerns in banning Alibaba`s UC News, UC Browser, and 57 other Chinese apps after a clash between the two countries` forces on their border.
Gurugram court summons Alibaba, founder Jack Ma on former employee's complaintThe court documents showed that a summons has been issued to Alibaba, Jack Ma, and about a dozen individuals or company units, asking them to appear in court or through a lawyer on July 29.
Ecommerce Website Design Trends To Win The CompetitionE-commerce is an emerging market with a ton of competitors. The greater part of the enormous names are operating worldwide. Amazon and Alibaba are e-commerce stores offering a wide range of items to..
Huawei, Alibaba among 7 companies with links to Chinese army; could soon face action in IndiaNot all of the seven Chinese companies are in the mobile or tech sectors. They have got a wide net of investments in various Indian industries.
Alibaba co-founder Jack Ma sells $8.2bn worth of sharesAlibaba co-founder Jack Ma has cut his stake in the company over the past year to 4.8 per cent from 6.2 per cent, cashing out around $8.2 billion at its current share price, the firm’s annual filing..
China's Alibaba to open third cloud center in Indonesia next yearChinese tech behemoth Alibaba plans to open its third cloud data center in Indonesia by next year in expanding its presence in the Indonesian market amid rising competition. Alibaba Cloud, a subsidiary..
Alibaba's Lazada appoints Chun Li as new CEOLazada Group Chief Executive Officer and co-founder Pierre Poignant will be replaced by Chun Li, a former Alibaba executive, who is currently Lazada co-president and head of its Indonesia operations,..
SoftBank's Son leaves Alibaba board following Ma's departureMasayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba. ......
Alibaba extends its reach in China as coronavirus outbreak opens doorsAlibaba Group Holding Ltd is emerging as one of China's biggest corporate winners of the coronavirus crisis, gaining the opportunity to expand its businesses and solidify its status as a critical part..
Alibaba's sales surge as people shop online during lockdownAlibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns.
SoftBank to raise over $11 billion for buybacks using Alibaba sharesSoftbank Group will raise 1.25 trillion yen ($11.7 billion) using Alibaba stock to fund buybacks of its own shares, Chief Executive Masayoshi Son said on Monday.
Alibaba's Jack Ma resigns from SoftBank boardSoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
SoftBank proposes three new board members as Alibaba's Jack Ma resignsSoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
Alibaba acquires 50 per cent stake in Singapore’s AXA Tower, home to its Lazada e-commerce unitChinese technology giant Alibaba Group Holding has acquired a 50 per cent stake...
Alibaba to invest $28 billion in cloud services after coronavirus boosted demandAlibaba Group Holding Ltd said it will invest 200 billion yuan ($28 billion) in its cloud infrastructure over three years - a plan that follows a boom in demand for business software as the coronavirus..
Billionaire Brooklyn Nets owner Joe Tsai donates ventilators and masks to New YorkNew York (CNN Business)Joe Tsai, the billionaire co-founder of Chinese ecommerce giant Alibaba, and his wife Clara Wu Tsai, have donated 2.6 million masks, 170,000 goggles and 2000 ventilators to New..
Coronavirus supplies donated by Alibaba's Ma arrive in AfricaA first planeload of protective and medical equipment donated to Africa by Chinese billionaire and Alibaba co-founder Jack Ma to help it fight the coronavirus arrived in the Ethiopian capital Addis..
Chinese billionaire Jack Ma tweeted for the first time ever to say he's started shipping 1 million masks and 500,000 coronavirus testing kits to the USAlibaba billionaire Jack Ma. Ruben Sprich/Reuters Alibaba billionaire Jack Ma announced on Friday his charitable foundation would donate 500 million coronavirus testing kits and 1 million face masks to..
More African countries confirm first coronavirus cases as Jack Ma pledges aidChinese billionaire and Alibaba co-founder Jack Ma pledged to donate over 1 million coronavirus tests to Africa on Monday, as more African nations confirmed their first cases or shut borders amid fears..
Shanghai Fashion Week to go ahead online as virus disrupts eventsShanghai Fashion Week, initially postponed due to the coronavirus outbreak, will go ahead as scheduled online in a tie-up with Alibaba Group's Tmall marketplace, its organizers said.
China seeks help of national tech giants to track coronavirus with QR codesChina's government is enlisting the help of Alibaba Group Holding Ltd and Tencent Holdings Ltd to expand color-based systems for tracking individuals affected with the coronavirus nationwide.
Alibaba warns of drop in e-commerce revenues due to coronavirusAlibaba Group Holding Ltd warned of a drop in revenues at its key e-commerce businesses this quarter as the coronavirus sweeping China hits supply chains and deliveries.
Alibaba beats estimates on record Singles' Day salesChina's Alibaba Group Holding Ltd beat analysts' estimates for quarterly results on Thursday, driven by record sales during its annual Singles' Day shopping blitz and demand for its cloud computing..
Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreakSHANGHAI (Reuters) - Alibaba Group Holdings said on Monday its affiliate Ant Financial's MYBank unit would offer 20 billion yuan ($2.86 billion) in loans to companies in China in light of the..
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In bid to curb virus, China firms tell staff to work from home even after holidays endChinese corporate giants including Alibaba Group Holding and Tencent Holdings Ltd said they have asked staff to work from home for one week after an extended Lunar New Year break ends, seeking to limit..
Alibaba's Taobao takes down overpriced face masks on its marketplaceAlibaba's Taobao marketplace said on Sunday that it has removed sales of face masks from shops that show "unstable prices or false advertising", as prices for the products surged as Chinese consumers..
Virus outbreak prompts Chinese travel firms to offer free cancellationsChinese travel booking platforms from Trip.com to Alibaba Group's Fliggy said on Tuesday they would offer free cancellations on bookings made for Wuhan amid mounting fears over a viral outbreak in the..
Alibaba undercuts Amazon in Europe to woo wary brandsAfter years of reconnaissance, China's retail king Alibaba is finally making its move on Europe. It is undercutting Amazon sellers' fees to attract vendors but has had mixed results, six sources with..
Global financial watchdogs take aim at Big Tech's data dominanceGoogle, Alibaba and other "Big Tech" companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition.
SoftBank's Son sticks with gut-led investing in chat with Alibaba's MaWeeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group..
Also reported by •Reuters
Saudi Aramco raises $25.6bn in world's biggest share saleThe oil giant's listing is the biggest ever, surpassing that of China's Alibaba in 2014.
Timeline: Saudi Aramco's winding road to an IPOState-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion..
FACTBOX: Saudi Aramco: the oil colossusState-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion..
Saudi Aramco says IPO priced at top to make it world's biggest IPOState-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, the company said on Thursday, making it the world's biggest flotation, above..