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  • Alibaba apps start offering WeChat Pay option after government orders Sep 28, 2021 10:03 AM IST

    Alibaba apps start offering WeChat Pay option after government orders

    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.

  • Crackdown-hit Alibaba to divest 5% stake in Chinese broadcaster Sep 24, 2021 10:56 AM IST

    Crackdown-hit Alibaba to divest 5% stake in Chinese broadcaster

    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.

  • China's Alibaba promises $15.5 billion for anti-poverty work Sep 03, 2021 01:39 PM IST

    China's Alibaba promises $15.5 billion for anti-poverty work

    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.

  • The Eastern Window | Why China’s action against tech firms would be counterproductive Aug 16, 2021 09:13 AM IST

    The Eastern Window | Why China’s action against tech firms would be counterproductive

    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?

  • Alibaba says working with China police on sex assault allegation Aug 08, 2021 01:41 PM IST

    Alibaba says working with China police on sex assault allegation

    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."

  • Could China tech crackdown offer lessons to the rest of the world? Jul 30, 2021 12:10 PM IST

    Could China tech crackdown offer lessons to the rest of the world?

    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 

  • China's tech crackdown unlikely to cause much damage Jul 29, 2021 09:39 AM IST

    China's tech crackdown unlikely to cause much damage

    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? 

  • Alibaba to develop self-driving trucks with logistics unit Cainiao Jun 10, 2021 09:55 AM IST

    Alibaba to develop self-driving trucks with logistics unit Cainiao

    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.

  • Paytm board gives in-principle approval for IPO May 30, 2021 09:19 PM IST

    Paytm board gives in-principle approval for IPO

    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.

  • Jack Ma to step down as president of his business school: FT May 24, 2021 01:48 PM IST

    Jack Ma to step down as president of his business school: FT

    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.

  • Alibaba issues upbeat annual forecast on strong e-commerce trend May 13, 2021 06:08 PM IST

    Alibaba issues upbeat annual forecast on strong e-commerce trend

    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.

  • Jack Ma/Ant Group: a disruptor who is no longer good for business Apr 23, 2021 12:20 PM IST

    Jack Ma/Ant Group: a disruptor who is no longer good for business

    Beijing’s unrelenting displeasure with the man behind Ant justifies a steep haircut to the valuation of $316bn mooted before the listing was suspended

  • A Global Tipping Point for Reining In Tech Has Arrived Apr 20, 2021 05:52 PM IST

    A Global Tipping Point for Reining In Tech Has Arrived

    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.

  • Explained | Why Jack Ma's wealth rose by $2.3 billion after China fined Alibaba Apr 13, 2021 11:36 AM IST

    Explained | Why Jack Ma's wealth rose by $2.3 billion after China fined Alibaba

    The penalty on Alibaba Group is equivalent to around 4 percent of the e-commerce giant's revenues in 2019.

  • China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group Apr 13, 2021 09:29 AM IST

    China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

    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.

  • Alibaba says it is unaware of other investigations into company, expects no impact on business model Apr 12, 2021 10:58 AM IST

    Alibaba says it is unaware of other investigations into company, expects no impact on business model

    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.”

  • China regulators fine Alibaba $2.75 billion for anti-monopoly violations Apr 10, 2021 08:10 AM IST

    China regulators fine Alibaba $2.75 billion for anti-monopoly violations

    Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing.

  • China asks Alibaba to divest stake in media assets, including South China Morning Post Mar 16, 2021 12:24 PM IST

    China asks Alibaba to divest stake in media assets, including South China Morning Post

    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.

  • Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders Feb 02, 2021 02:50 PM IST

    Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders

    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.

  • Jack Ma's first public appearance in months helps Alibaba’s valuation soar $58 billion Jan 21, 2021 11:11 AM IST

    Jack Ma's first public appearance in months helps Alibaba’s valuation soar $58 billion

    Ma’s last public appearance before this was in October 2020, when he criticised China's regulatory system and state-run banks.

  • Alibaba's shares surge as Jack Ma reappears Jan 20, 2021 03:08 PM IST

    Alibaba's shares surge as Jack Ma reappears

    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.

  • Jack Ma spotted attending video conference for rural teachers, months after public absence Jan 20, 2021 10:36 AM IST

    Jack Ma spotted attending video conference for rural teachers, months after public absence

    In early January, Alibaba founder Jack Ma was found missing from public action for more than two months.

  • Where is Jack Ma, China’s e-commerce pioneer? Jan 06, 2021 11:15 AM IST

    Where is Jack Ma, China’s e-commerce pioneer?

    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.

  • Amid China's scrutiny, Jack Ma's wealth falls nearly $11 billion in two months: Report Dec 30, 2020 10:06 AM IST

    Amid China's scrutiny, Jack Ma's wealth falls nearly $11 billion in two months: Report

    China has begun an investigation into suspected monopolistic activities by Alibaba, which hurt the company's Hong Kong-listed shares.

  • Why China turned against Jack Ma Dec 25, 2020 10:40 AM IST

    Why China turned against Jack Ma

    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

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