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Latest Articles in alibaba

China Tells Tech Giants To Stop Blocking Rivals' Links

The Ministry of Industry and Information Technology (MIIT) did not name any companies, but the 21st Century Business Herald newspaper reported on Saturday that Alibaba Group Holding Ltd and Tencent Holdings Ltd were among the firms told to end the practice by an unspecified time last week.

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Tatas Plan To Acquire Over 60 % Stake In BigBasket

Tatas have been looking to buy into BigBasket for the past many months and the proposed deal also provides an exit route for a host of investors, including Chinese billionaire Jack Ma-controlled Alibaba.

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China's Baidu Beats Revenue Estimates On Strong Cloud, AI Demand

Its total revenue rose 5% to 30.26 billion yuan ($4.69 billion) in the fourth quarter, topping analysts' average estimate of 30.06 billion yuan

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Tatas To Acquire 68 Pc Stake In BigBasket For Rs 9,500 Cr: Sources

BigBasket had raised USD 150 million from Mirae, Alibaba and CDC Group, which placed the Bengaluru-based company in the unicorn club (companies with valuation of USD 1 billion and above).

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China Tech Firms Look To Bolster Legal Defence Amid Regulatory Crackdown - Sources

Companies including Alibaba, Tencent, Meituan, Baidu and ByteDance are hunting for dozens of legal and compliance professionals, according to the people and a Reuters review of their job postings.

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SoftBank Third-Quarter Earnings Recovery Seen Driven By IPO Boom

Alibaba's shares have fallen 17% from October highs after Chinese regulators halted the bumper IPO of its fintech affiliate Ant.

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Alibaba-Backed Logistics Firm Best Weighs Sale In Strategic Review

Billionaire Jack Ma's Alibaba, which owns 33% of the firm, as well as Best founder and CEO Johnny Chou, who has a 11% stake on a fully diluted basis, could both end up selling their stakes, five of the people said.

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Alibaba's Jack Ma resurfaces after months out of public view

Alibaba's Jack Ma resurfaces after months out of public view

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Walmart Nearly Exits Japan After Selling Majority Stake In Seiyu

The deal, which values Seiyu at 172.5 billion yen ($1.65 billion) including debt, comes after on-off speculation about the world's biggest retailer looking to exit Japan.

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Dufry To Enlist Alibaba As Shareholder, Signs China JV

Alibaba will have a 51% stake in the joint venture, while Dufry will hold the rest. Along with pursuing growth opportunities in China, the joint venture will seek to help Dufry grow business in online travel retail

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Alibaba Cloud Division To Be Profitable Within FY2021 - CFO

Alibaba has said it would invest 200 billion yuan ($29.36 billion) in its cloud infrastructure over three years.

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Google Removes Paytm Mobile App From Store Over Policy Violations

Paytm, a pioneer in India's digital payments market, sells everything from digital gold to insurance and also allows for money transfers on a state-backed payments network.

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Alibaba's Ant Group Files For Blockbuster Dual Listing In Hong Kong, Shanghai

Ant's initial public offering would be the first simultaneous listing in Hong Kong and the year-old STAR Market, and help both bourses boost their status as capital market centres.

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After TikTok, Trump Indicates Banning Alibaba, Other Chinese Firms In US

The development came after Trump issued an executive order on August 14, requiring ByteDance to divest its interests in video-sharing app TikTok's operations in the US within 90 days.

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Alibaba's Lazada Appoints Chun Li As New CEO

Alibaba has long had struggles with managing Lazada, a company it owns 90% of after investing $3 billion since 2016, with employees highlighting a long-running culture clash with management from China.

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