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Latest Articles in alibaba

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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China's Fosun Seeks Sale Of $1.3 Billion Stake In Alibaba's Cainiao

The once-acquisitive conglomerate has been talking to Chinese investment firms and companies, including Alibaba, over the past few months about the sale, and wants to use the proceeds for new investments in consumer and healthcare businesses.

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Alibaba Revenue, Profit Beat As Online Sales Surge During Lockdown

Overall revenue rose to 114.31 billion yuan ($16.02 billion) in the fourth quarter ended March 31 from about 93.50 billion yuan a year earlier.

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Part 1: How Does India Handle A Malignant China?

In this first of a four part series, Sutanu Guru examines how far ahead China is and why and how India may never catch up in sheer numbers

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Alibaba Plans To Buy At Least 10% Stake In Chinese Courier Yunda

Alibaba's move also comes one year after it took a 14.65% stake in another large express delivery firm, STO Express Co Ltd, through a 4.66 billion yuan deal.

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Apple, Starbucks Warn Of Hit From Virus; Firms Restrict Travel, Airlines Cancel Flights

Alibaba asked employees to work from home for a week after an extended Lunar New Year break ends on Feb. 2.

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Chinese Conglomerate Alibaba Visits IIAD

The Alibaba team came prepared to the Campus with a series of questions targetting the present design sense and preference of the Indian audience.

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Hong Kong's Role In Global Finance Intact Despite Unrest: Fitch Ratings

Fitch now expects the economy to shrink by 1.5 per cent in 2019 with tourism, retail, hotels and catering, and air transport among the sectors most severely hit.

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Alibaba To Price Shares At HK$176 In Landmark $12.9 Billion Hong Kong Listing: Sources

Alibaba is due to officially price the deal later on Wednesday but three sources said investors had been told HK$176 was likely to be the end number.

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Saudi Aramco In Race For IPO Record With $1.7 Trillion Top Value

Aramco cannot sell its shares directly to investors in the United States and other markets, as the IPO will be restricted to Saudis.

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Alibaba Poised To Launch Record-Breaking $ 13.4 Bin Hong Kong Share Sale: Sources

The deal would be the world’s biggest cross-border secondary listing - will be seen as a boost for Hong Kong.

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