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  • China’s mega corporations are under threat at home and abroad Sep 02, 2022 09:05 AM IST

    China’s mega corporations are under threat at home and abroad

    Overseas investors too have been pulling money out of the country at a furious pace, fearing more uncertainty and continuing government crackdowns as part of its zero COVID policy

  • China regulator says Alibaba, Tencent have submitted app algorithm details Aug 12, 2022 04:03 PM IST

    China regulator says Alibaba, Tencent have submitted app algorithm details

    According to China's top internet watchdog, digital behemoths like Tencent Holdings and Alibaba Group have provided information about the algorithms used in some of their products, complying with efforts by the government to strengthen oversight of platform algorithms.

  • SoftBank to gain $34 billion from cutting Alibaba stake Aug 11, 2022 05:35 PM IST

    SoftBank to gain $34 billion from cutting Alibaba stake

    SoftBank will reduce its stake in Alibaba to 14.6% from 23.7% by settling prepaid forward contracts. Alibaba's U.S.-listed shares were down 1.7% in premarket trade after the announcement.

  • Rs 1 lakh crore worth of free-float to loom over markets in coming months Aug 06, 2022 05:59 PM IST

    Rs 1 lakh crore worth of free-float to loom over markets in coming months

    Pre-IPO shares will be released from their Sebi-mandated lock-in, said CNBC TV18’s Prashant Nair in Editors’ Roundtable

  • Alibaba sales better than feared in defiance of economic turmoil Aug 04, 2022 06:08 PM IST

    Alibaba sales better than feared in defiance of economic turmoil

    China’s e-commerce leader reported revenue of 205.6 billion yuan ($30.4 billion) in the June quarter, enough to beat projections for 204 billion yuan. Net income fell 50% to 22.7 billion yuan. Its shares rose more than 3% in pre-market trading in New York.

  • Alibaba revenue beats despite flat growth due to COVID-19 lockdown Aug 04, 2022 05:14 PM IST

    Alibaba revenue beats despite flat growth due to COVID-19 lockdown

    "Following a relatively slow April and May, we saw signs of recovery across our businesses in June....," the company said.

  • Alibaba and Tencent face end of an era as sales start to shrink Aug 03, 2022 07:59 AM IST

    Alibaba and Tencent face end of an era as sales start to shrink

    The milestones are a reminder for investors that, after a government crackdown that wiped more than $1 trillion off their combined market value in 2021, Alibaba and its longtime arch-rival are shadows of their former selves.

  • Alibaba strives to keep New York and Hong Kong listings Aug 01, 2022 07:05 AM IST

    Alibaba strives to keep New York and Hong Kong listings

    The company on Friday became the latest of more than 270 firms to be added to the U.S. Securities and Exchange Commission's list of Chinese companies that might be delisted for not meeting auditing requirements.

  • U.S. SEC adds Alibaba to list of Chinese companies facing delisting risk Jul 30, 2022 10:50 AM IST

    U.S. SEC adds Alibaba to list of Chinese companies facing delisting risk

    U.S. regulators have been demanding complete access to audit working papers of New York-listed Chinese companies, which are stored in China.

  • Jack Ma escapes Beijing’s crosshairs by giving up his power Jul 29, 2022 09:07 AM IST

    Jack Ma escapes Beijing’s crosshairs by giving up his power

    In one sign of how skittish investors had been about the tycoon’s fate as recently as two months ago, Alibaba shares briefly lost $26 billion after a state media report that authorities had imposed curbs on a person surnamed Ma. Subsequent information made clear the report was referring to someone else.

  • China's Alibaba to apply for primary listing in Hong Kong Jul 26, 2022 06:55 AM IST

    China's Alibaba to apply for primary listing in Hong Kong

    The company expects the listing to be completed by the end of 2022, making it a dual primary listed company on HKEX and NYSE.

  • China takes steps to ease up on regulatory crackdown as economy slows Jul 21, 2022 01:44 PM IST

    China takes steps to ease up on regulatory crackdown as economy slows

    Chinese financial authorities allowed a further cut in mortgage loan interest rates for some home buyers, in another push to prop up its property market and revive a flagging engine of the world's second-largest economy.

  • Alibaba cuts a third of deals team staff after regulatory crackdown: Report Jul 14, 2022 06:58 PM IST

    Alibaba cuts a third of deals team staff after regulatory crackdown: Report

    Alibaba plans to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70, Reuters learnt from sources.

  • New report warns big tech firms about risks associated with blockchain; experts react Jul 14, 2022 05:51 PM IST

    New report warns big tech firms about risks associated with blockchain; experts react

    The report, commissioned by the Pentagon, stated that blockchain is not decentralised, is vulnerable to attacks and is running outdated software. It further said that a subset of participants can “exert excessive and centralized control over the entire blockchain system.” 

  • Ant, Alibaba plan for less intertwined future after China crackdown Jun 22, 2022 06:26 AM IST

    Ant, Alibaba plan for less intertwined future after China crackdown

    E-commerce giant Alibaba Group Holding created what would become payments and financial services provider Ant and spun it off in 2011, although it still retains a 33% stake and the two companies have some overlap in leadership.

  • Exclusive-Beijing gives initial nod to revive Ant IPO after crackdown cools-sources Jun 09, 2022 11:35 PM IST

    Exclusive-Beijing gives initial nod to revive Ant IPO after crackdown cools-sources

    According to two persons familiar with the subject, China's central leadership has granted billionaire Jack Ma's Ant Group a tentative green light to resuscitate its initial public offering (IPO),

  • China Weighs Reviving Jack Ma’s Ant IPO as Crackdown Eases Jun 09, 2022 03:58 PM IST

    China Weighs Reviving Jack Ma’s Ant IPO as Crackdown Eases

    According to persons familiar with the situation, Chinese financial regulators have begun preliminary discussions about reviving Ant Group Co.'s initial public offering.

  • Alibaba shelves guidance due to COVID risks; resilient Q4 lifts stock May 27, 2022 08:27 AM IST

    Alibaba shelves guidance due to COVID risks; resilient Q4 lifts stock

    The markets, however, focused on Alibaba's quarterly revenue and earnings beat in a sharply weakening economy and sent its shares surging 15%. Analysts said the results were more resilient than expected.

  • Elon Musk says he's a 'rare exception' as a rich person with several kids May 25, 2022 01:01 PM IST

    Elon Musk says he's a 'rare exception' as a rich person with several kids

    Elon Musk has seven children -- twins Xavier and Griffin, triplets Kai, Saxon and Damina, X Æ A-Xii and his youngest, Y.

  • The detention of a man named 'Ma' in China sent Alibaba’s stock crashing May 06, 2022 03:03 PM IST

    The detention of a man named 'Ma' in China sent Alibaba’s stock crashing

    A whopping $26 billion was wiped off of Alibaba’s market value in just a few minutes. But the company managed to recover the losses after a clarification.

  • Alibaba hikes buybacks to $25 billion as crackdown signals ease Mar 22, 2022 08:04 AM IST

    Alibaba hikes buybacks to $25 billion as crackdown signals ease

    The board of China’s e-commerce leader has approved the program, which will run for two years through to March 2024, the company said in a statement.

  • Alibaba raises share buyback to $25 billion from $15 billion Mar 22, 2022 06:18 AM IST

    Alibaba raises share buyback to $25 billion from $15 billion

    The announcement marks an increase from its earlier plan to buy back $15 billion shares, and marks the biggest share repurchase ever since it went public in 2014

  • SoftBank seen trimming Alibaba stake to fill shortfall: Analyst Feb 22, 2022 06:08 AM IST

    SoftBank seen trimming Alibaba stake to fill shortfall: Analyst

    SoftBank sold 20 million Alibaba shares in the last quarter and "will need to sell more in 2022," Jefferies analyst Atul Goyal wrote in a note.

  • 54 more Chinese apps banned over security concerns: Check list here Feb 14, 2022 11:26 AM IST

    54 more Chinese apps banned over security concerns: Check list here

    The new list of 54 Chinese apps banned in India includes several apps from Tencent and Alibaba groups like Tencent Xriver, Onmyoji Chess and Viva Video Editor

  • Local businesses, HNIs pile into bourse-bound Snapdeal, as Alibaba exits the firm Dec 30, 2021 04:27 PM IST

    Local businesses, HNIs pile into bourse-bound Snapdeal, as Alibaba exits the firm

    The development comes after India subjected Chinese investments to extra scrutiny last year after their soldiers clashed on the border and New Delhi worried about investors from the neighbour doing opportunistic takeovers during the pandemic.

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