The enormous IPO, which Hong Kong had lobbied for, will come as a boost for authorities wrestling with pro-democracy protests
Akin to Black Friday and Cyber Monday in the United States, Singles' Day has been promoted as a shopping fest by Alibaba Chairman and Chief Executive Daniel Zhang since 2009,
The investment will go towards subscribing for newly issued Cainiao ordinary shares in its latest financing round and purchasing some equity interest from an existing Cainiao shareholder, Alibaba said in an e-mailed statement.
Alibaba's listing would boost Hong Kong's status as a major capital markets hub. After topping global rankings in 2018 for funds raised through IPOs, the city's bourse fell behind the New York Stock Exchange and Nasdaq this year as a string of pro-democracy demonstrations led to clashes with authorities.
In a survey of more than 740 technology industry business leaders globally, DJI, Google, Netflix, Airbnb, Microsoft, Facebook, and Baidu round out the Top 10 list.
"People judge you by your diploma. They would think ’hey, we’re got a group of people from Harvard, we’ve got people from Stanford, and you are from nowhere," said Ma.
From cab aggregation to food delivery, Uber has always seen fast growth in India. Online grocery may be no different if it manages to find the right operating model.
Retirement or not, Ma has his control, and he’ll always retain his power. A formal retirement and a relief from administrative duties would give him the chance to build his legacy beyond Alibaba as a do-gooder.
Mounting losses and expansion into several business areas could derail India’s first profit-making payments bank. For mobile wallet Paytm, banking could be its best pathway to an IPO
Their chat, which was live streamed, was part of the opening events for the annual World Artificial Intelligence Conference (WAIC) in Shanghai.
Alibaba's Hong Kong-listing plans are being closely watched by the financial community for indications on the business environment in the Chinese-controlled territory and provides a window into Beijing's reading of the situation.
The listing was always expected to be a complex affair because of China's tight control of cross-border share trading, but Hong Kong's unrest has taken the complexity several notches higher.
The real-time payments data and a risk-management system analyses over 3,000 variables to approve instant disbursement of loan requests
An MBA graduate from Columbia Business School, he ran a hedge fund before joining Berkshire in 2010
Alibaba's experiences in India have reportedly made the company review potential investment areas.
Ctrip buying into MakeMyTrip is the latest among Chinese firms nibbling at India’s new-age firms. This could set the alarm bells ringing elsewhere
The growth of e-commerce increases the size of the market, especially in rural areas.
Jack Ma is one of China's richest men and his comments last week brought both condemnation and support as China's more mature economy enters a period of slower growth.
The order is aimed at stopping the sale of counterfeit products through companies like Alibaba Group Holding Ltd, Amazon.com Inc and eBay Inc, Navarro said in a conference call with reporters.
Bigbasket had raised USD 300 million in February last year from Alibaba and others. In November, it had said it was looking at raising fresh funds of up to USD 200 million.
The policy talks less about online commerce, more about data protection; declares data its ‘national asset’
The comments contradict Chinese media reports and market speculation about job cuts and a pull-back for China's internet sector amid weakening domestic demand and an prolonged trade dispute with the United States.
The investment means Alibaba is now the second-largest stakeholder of CICC's H-shares, with an 11.74 percent stake.