Sep 28, 2021 10:03 AM IST
Local tech blog 36Kr reported on Tuesday that users of Alibaba’s food delivery app Ele.me, luxury goods app Kaola and e-book app Shuqi can now purchase goods via WeChat Pay, one of China’s most popular online payment options.
- Sep 24, 2021 10:56 AM IST
The sale comes less than a year after the investment in December last year, as Chinese authorities mount an anti-trust crackdown on large tech companies.
- Sep 03, 2021 01:39 PM IST
Alibaba said it will invest in 10 projects for job creation, “care for vulnerable groups” and technology innovation. Its 100 billion yuan ($15.5 billion) pledge includes 20 billion yuan ($12.5 billion) for a fund to “cut income inequality” in the company's home province of Zhejiang, south of Shanghai.
- Aug 16, 2021 09:13 AM IST
China’s $4 trillion tech industry has played a key role in establishing the China brand, bringing in new technology and talent and enhancing the country’s bargaining capability. Will all that change with the crackdown?
- Aug 08, 2021 01:41 PM IST
A statement by Alibaba said the company also had suspended "relevant parties suspected of violating our policies and values," asserting that it had a "zero-tolerance policy against sexual misconduct."
- Jul 30, 2021 12:10 PM IST
It has looked sudden, not to mention sharp, but more likely than not, Chinese President Xi Jinping has a broad geopolitical agenda, as much as a plan to rein in tech excesses that are tearing apart not only Chinese society, but also those across the world
- Jul 29, 2021 09:39 AM IST
While the immediate damage may be curtailed to some extent, what is the guarantee that China will not change the rules of the game again?
- Jun 10, 2021 09:55 AM IST
Alibaba's announcement of developing self-driving trucks came as dozens of startups, automakers and large technology firms, such as internet search leader Baidu Inc, are accelerating work on self-driving vehicle systems.
- May 30, 2021 09:19 PM IST
The eight-member board met on May 28, 2021, to give their approval for a $3 billion initial public offering, making it the biggest in India's history.
- May 24, 2021 01:48 PM IST
Sources told FT that Hupan University — an elite academy for Chinese business executives established in Ma's hometown of Hangzhou in 2015 — has changed its name and will restructure its curriculum.
- May 13, 2021 06:08 PM IST
Alibaba forecast annual revenue to be 930 billion yuan ($144.12 billion) for the fiscal year ended March 2022, above analysts' average estimate of 928.25 billion yuan.
- Apr 23, 2021 12:20 PM IST
Beijing’s unrelenting displeasure with the man behind Ant justifies a steep haircut to the valuation of $316bn mooted before the listing was suspended
- Apr 20, 2021 05:52 PM IST
Around the world, governments are moving simultaneously to limit the power of tech companies with an urgency and breadth that no single industry had experienced before.
- Apr 13, 2021 11:36 AM IST
The penalty on Alibaba Group is equivalent to around 4 percent of the e-commerce giant's revenues in 2019.
- Apr 13, 2021 09:29 AM IST
The overhaul includes Ant turning itself into a financial holding firm, a move expected to curb its profitability and valuation by curtailing some of its freewheeling businesses.
- Apr 12, 2021 10:58 AM IST
Executives of the e-commerce giant also said that going forward focus will be on better services for customers and merchants, “while complying with regulators.”
- Apr 10, 2021 08:10 AM IST
Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing.
- Mar 16, 2021 12:24 PM IST
Alibaba is most notably the owner of Hong Kong's leading English-language daily, the South China Morning Post and has stakes in social media site Weibo and online video platform Bilibili besides other media and advertising.
- Feb 02, 2021 02:50 PM IST
China’s best-known businessman Jack Ma was not mentioned in a front-page article published by the Shanghai Securities News. Instead, Huawei Technologies’ Ren Zhengfei, Xiaomi Corp’s Lei Jun and BYD’s Wang Chuanfu were lauded for their contributions.
- Jan 21, 2021 11:11 AM IST
Ma’s last public appearance before this was in October 2020, when he criticised China's regulatory system and state-run banks.
- Jan 20, 2021 03:08 PM IST
Jack Ma -- one of Asia's richest people with a fortune estimated at around $58 billion -- disappeared from the public eye after he was hauled in front of regulators for an October speech critical of China's financial system.
- Jan 20, 2021 10:36 AM IST
In early January, Alibaba founder Jack Ma was found missing from public action for more than two months.
- Jan 06, 2021 11:15 AM IST
The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators said such businesses would be allowed. Both long shots grew to dominate their industries.
- Dec 30, 2020 10:06 AM IST
China has begun an investigation into suspected monopolistic activities by Alibaba, which hurt the company's Hong Kong-listed shares.
- Dec 25, 2020 10:40 AM IST
For all of China’s economic success, a long-running resentment of the rich, sometimes called the wealthy-hating complex, has long bubbled below the surface. With Ma, it has emerged with a vengeance