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  • Dufry to enlist Alibaba as shareholder, signs Chinese joint venture Oct 05, 2020 12:30 PM IST

    Dufry to enlist Alibaba as shareholder, signs Chinese joint venture

    The Swiss firm has reeled under the hit of COVID-19 and plans to ask shareholders on October 6 to fund a buyout of its Hudson Ltd unit via a new rights issue.

  • Ant Group IPO -- a chance for China to showcase its financial muscle Aug 28, 2020 10:08 AM IST

    Ant Group IPO -- a chance for China to showcase its financial muscle

    The issue, if it goes through, will make it the biggest primary market offering ever, beating Saudi Aramco’s $29 billion IPO

  • Alibaba's Ant Group files for blockbuster Hong Kong, Shanghai dual listing Aug 25, 2020 06:46 PM IST

    Alibaba's Ant Group files for blockbuster Hong Kong, Shanghai dual listing

    Ant's IPO would be the first simultaneous listing in Hong Kong and the year-old STAR Market, boosting Hong Kong's status as an international IPO market and helping enhance STAR as a capital markets centre.

  • Donald Trump says looking at pressuring other Chinese companies after TikTok's owner Bytedance Aug 16, 2020 07:50 AM IST

    Donald Trump says looking at pressuring other Chinese companies after TikTok's owner Bytedance

    Asked at a news conference whether there were other particular China-owned companies he was considering a ban on, such as Alibaba, US President Donald Trump replied: "Well, we're looking at other things, yes."

  • Investors revalue Chinese tech giants after US ban Aug 12, 2020 04:15 PM IST

    Investors revalue Chinese tech giants after US ban

    The move followed US President Donald Trump's announcement of a sweeping ban on US transactions with Tencent Holdings, the Chinese owner of messaging app WeChat, and Bytedance, which owns the video-sharing app TikTok, citing national security threats.

  • This Indian company's stock becomes world's second most widely tracked after that of Alibaba: Report Jul 28, 2020 03:09 PM IST

    This Indian company's stock becomes world's second most widely tracked after that of Alibaba: Report

    ICICI Bank comes only behind Chinese e-commerce major Alibaba whose stock is tracked by 64 experts, of whom 63 had a 'buy' call on the stock.

  • Starbucks expands Chinese order services to multiple Alibaba apps Jul 21, 2020 11:15 AM IST

    Starbucks expands Chinese order services to multiple Alibaba apps

    Starbucks' mobile pre-order and in-store pick up feature, "Starbucks Now", previously only available on the coffee giant's own app, will be extended to four Alibaba platforms, including local services app Koubei and digital payment app Alipay.

  • Alibaba, other Chinese suppliers offer discounts to Indian traders as bans, boycotts gain steam Jul 03, 2020 11:39 AM IST

    Alibaba, other Chinese suppliers offer discounts to Indian traders as bans, boycotts gain steam

    Chinese e-commerce major Alibaba and other Chinese suppliers have been offering discounts after #BoycottChinese Product campaign gathered steam and CAIT listed 500 Chinese products it will ban in a phased manner

  • Vijay Shekhar Sharma of Paytm, which has big Chinese investments, says Chinese apps ban is ‘in national interest’  Jun 30, 2020 10:56 AM IST

    Vijay Shekhar Sharma of Paytm, which has big Chinese investments, says Chinese apps ban is ‘in national interest’ 

    Paytm counts China's Alibaba and Ant Financial as its major investors.

  • SoftBank CEO Masayoshi Son to step down from Alibaba's board: Report Jun 25, 2020 04:11 PM IST

    SoftBank CEO Masayoshi Son to step down from Alibaba's board: Report

    This follows last month's announcement the Alibaba's Jack Ma will be leaving SoftBank's board.

  • India-China tension| Startups may find it more difficult to attract Chinese funds Jun 17, 2020 06:35 PM IST

    India-China tension| Startups may find it more difficult to attract Chinese funds

    Revised FDI norms had slowed down approvals, the border clash will make it even more difficult to get Chinese investment, say experts.

  • Alibaba says cloud unit to recruit 5,000 staff globally this financial year Jun 09, 2020 08:35 AM IST

    Alibaba says cloud unit to recruit 5,000 staff globally this financial year

    "The digital transformation journey for businesses in China, which was previously expected to take three to five years, is now likely to be accelerated to be completed within one year," said Jeff Zhang, president of Alibaba Cloud Intelligence.

  • Jio Platforms will supercharge India’s startup ecosystem Jun 08, 2020 03:56 PM IST

    Jio Platforms will supercharge India’s startup ecosystem

    Jio Platforms is a tale of the triumph of chutzpah. When the rest of the world has been cowering, frantic about survival, Jio has put together one of the largest technology funding deals in history

  • Alibaba to invest $1.4 billion in AI system for smart speakers May 20, 2020 01:40 PM IST

    Alibaba to invest $1.4 billion in AI system for smart speakers

    The announcement comes as the e-commerce giant continues its push into new technologies and business sectors beyond online shopping.

  • Indian companies can learn from their Chinese counterparts in raising capital from the US May 20, 2020 09:25 AM IST

    Indian companies can learn from their Chinese counterparts in raising capital from the US

    It’s partly because an Alibaba and Baidu could raise big capital from the US market that they have reached where they are today

  • SoftBank proposes three new board members as Alibaba's Jack Ma resigns May 18, 2020 07:45 AM IST

    SoftBank proposes three new board members as Alibaba's Jack Ma resigns

    The departure of Ma, who retired as Alibaba's executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy.

  • Exclusive | Startup deals trip on China FDI rule May 05, 2020 04:48 PM IST

    Exclusive | Startup deals trip on China FDI rule

    The changes that require the government's approval for Chinese investments have put in doubt dozens of new investments and top-ups.

  • Alibaba says to invest $28 billion in cloud computing services Apr 20, 2020 09:29 AM IST

    Alibaba says to invest $28 billion in cloud computing services

    The plan comes as the coronavirus pandemic has increased demand for cloud services and data centres.

  • Alibaba plans to buy at least 10% stake in Chinese courier Yunda: Sources Mar 31, 2020 10:50 AM IST

    Alibaba plans to buy at least 10% stake in Chinese courier Yunda: Sources

    Alibaba is looking to buy the stake from Yunda's controlling shareholders - founding couple Nie Tengyun and Chen Liying - who own 52.19% of Yunda through their wholly owned firm Shanghai LuoJieSi Investment Management, said one of the people. At the current market price, the stake would be worth at least $790 million.

  • Covid-19 pandemic | China’s propaganda machinery is in full swing Mar 23, 2020 10:19 AM IST

    Covid-19 pandemic | China’s propaganda machinery is in full swing

    The pandemic is seen as offering an opportunity for China to push Chinese President Xi Jinping’s rhetoric of a “community of common destiny” — part of the narrative of the Belt and Road Initiative — as a way of framing China’s help to the outside world.

  • Alibaba undercuts Amazon in Europe to woo wary brands Jan 08, 2020 08:00 AM IST

    Alibaba undercuts Amazon in Europe to woo wary brands

    A flood of small businesses have joined its European platform, AliExpress, in recent months but some larger brands are holding back, according to the sources.

  • MSME sector poised for mega transformation in 2020 Dec 30, 2019 01:29 PM IST

    MSME sector poised for mega transformation in 2020

    The Centre envisions a contribution of USD 2 trillion from micro, small and medium enterprises (MSMEs) as India eyes becoming a USD 5 trillion economy by 2024.

  • SoftBank-backed Paytm raises $660 million Dec 13, 2019 11:54 AM IST

    SoftBank-backed Paytm raises $660 million

    The board of One 97 Communications Ltd will allot about 2.6 million shares to the investors, financial data accessed by business intelligence platform Tofler dated December 12 showed.

  • SoftBank's Masayoshi Son sticks with gut-led investing in chat with Alibaba's Jack Ma Dec 06, 2019 02:07 PM IST

    SoftBank's Masayoshi Son sticks with gut-led investing in chat with Alibaba's Jack Ma

    SoftBank owns 26% of China's Alibaba, with its origin in a $20 million investment in 2000, and the stake is now worth more than the Japanese firm's market capitalization.

  • Alibaba raises further $1.7 billion in over-allotted shares in Hong Kong listing Dec 03, 2019 09:35 PM IST

    Alibaba raises further $1.7 billion in over-allotted shares in Hong Kong listing

    The company has received approval to list 75 million over-allotment shares at HK$176 per share, the same price it offered under its secondary listing, it said in a filing to the Hong Kong stock exchange.

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