Pulling off the sale as Jack Ma’s internet empire faces a regulatory crackdown and antitrust probe would be a sign of global investor confidence in the company.
Published on Jan 06, 2021 08:17 PM IST
By Bloomberg | Posted by Kunal Gaurav
The e-commerce giant aims to raise at least $5 billion but could wind up with more depending on reception, said the people who aren’t authorized to speak publicly and asked not to be identified.
Published on Jan 06, 2021 11:37 AM IST
By Bloomberg | Posted by NIlavro Ghosh
Alibaba acquired the music service in 2013, and invested millions of yuan to compete in China’s online music market, which is dominated by Tencent Holdings.
Published on Jan 05, 2021 10:17 PM IST
Beijing/Shanghai | By Reuters | Posted by Deepali Sharma
Ant Group was also under heavy scrutiny by the Chinese government after Jack Ma’s speech that criticised the regulation system of the country and called the banks “pawnshops”.
Updated on Jan 04, 2021 07:56 PM IST
Hindustan Times, New Delhi | By hindustantimes.com | Edited by Deepali Sharma
The shares of Jack Ma’s e-commerce and financial empire slumped 9% to their lowest since June on Monday.
Updated on Dec 29, 2020 01:59 PM IST
Beijing/Hong Kong | By Reuters | Posted by Karan Manral
Once hailed as the standard-bearers of China’s economic and technological ascendancy, Alibaba, now face increasing pressure from regulators worried about the speed with which they’re amassing hundreds of millions of users and gaining influence over almost every aspect of daily life.
Updated on Dec 28, 2020 10:57 AM IST
By Bloomberg | Posted by Ayshee Bhaduri
Draft anti-monopoly rules released November gave the government wide latitude to restrain entrepreneurs who until recently enjoyed unusual freedom to expand their realms.
Published on Dec 25, 2020 08:09 AM IST
By Bloomberg | Posted by Deepali Sharma
The announcement spooked many investors who dumped shares of Alibaba’s subsidiaries and affiliates, as well as other internet firms that risk being targeted by Chinese antitrust regulators.
Updated on Dec 25, 2020 05:21 AM IST
Livemint, Beijing | By Sutirtho Patranobis
The probe is part of an accelerating crackdown on monopolistic behaviour in China’s booming internet space, and the latest setback for Alibaba founder Jack Ma.
Updated on Dec 24, 2020 01:59 PM IST
Shanghai | By Reuters | Posted by Nilavro Ghosh
The probe is seen as a pushback by China’s communist party against internet giant Alibaba that has rapidly expanded its size and power.
Updated on Dec 24, 2020 03:46 PM IST
Hindustan Times, Beijing | By Sutirtho Patranobis
The State Administration for Market Regulation is investigating Alibaba, the top antitrust watchdog said in a statement without further details.
Updated on Dec 24, 2020 10:37 AM IST
By Bloomberg | Posted by Prashasti Singh
China has vowed to strengthen oversight of its big tech firms, which include the likes of Alibaba Group Holding and Tencent Holdings. Speaking at a wealth management forum, China’s former finance minister Lou Jiwei, warned that fintech platforms with oversized market shares can lead to bad debts.
Published on Dec 20, 2020 02:50 PM IST
Beijing | By Reuters | Posted by Ayshee Bhaduri
Gucci, the profit engine of French group Kering, is one of the most prized names to join the Tmall Luxury Pavilion platform, which was created in 2017 and now boasts more than 200 brands ranging from apparel to high-end cars.
Published on Dec 18, 2020 03:25 PM IST
Milan | By Reuters | Posted by Kunal Gaurav
A report this week revealing the software feature made Alibaba, one of the world’s most valuable companies, the latest Chinese corporate entity embroiled in the controversy over China’s treatment of Uighurs.
Updated on Dec 18, 2020 12:43 PM IST
Beijing | By Agence France-Presse| Posted by Mallika Soni
Updated on Dec 14, 2020 03:17 PM IST
Hong Kong | By Associated Press | Posted by Karan Manral
Alibaba’s e-commerce marketplaces and payment services are also expected to face greater oversight under the draft rules published on Nov. 10 by China’s market regulator, which said it wanted to prevent platforms from dominating the market or from adopting methods aimed at blocking fair competition.
Published on Nov 23, 2020 09:58 AM IST
Wuzhen, China | By Reuters | Posted by Kanishka Sarkar
Along with JD.com, Alibaba racked up around $115bn in sales across their platforms during the Singles Day shopping event.
Updated on Nov 12, 2020 03:25 PM IST
Hindustan Times, Beijing | By Sutirtho Patranobis , edited by Vinod Janardhanan
China’s antitrust watchdog is seeking feedback on a raft of regulations that establish a framework for curbing anti-competitive behavior such as colluding on sharing sensitive consumer data.
Updated on Nov 10, 2020 02:48 PM IST
By Bloomberg | Posted by Srivatsan K C
SoftBank has engineered a comeback this year after missteps with startups like WeWork and concerns about fallout from the coronavirus pandemic.
Published on Nov 09, 2020 07:45 AM IST
By Bloomberg | Posted by Kanishka Sarkar
The results come on the heels of China’s surprise suspension of Alibaba affiliate Ant Group’s record $37 billion Shanghai listing that was viewed by analysts and investors as an attempt to cut founder Jack Ma and his financial services empire down to size.
Published on Nov 05, 2020 06:59 PM IST
Reuters | By Reuters| Posted by: Harshit Sabarwal
Alibaba owns about a third of the payments company, which was expected to begin trading on both exchanges on Nov 5.
Published on Nov 03, 2020 11:18 PM IST
By Bloomberg | Posted by Deepali Sharma
Alibaba’s path to smart manufacturing starts with garments, a market worth 2.2 trillion yuan ($328 billion) in China last year based on Euromonitor International’s estimates.
Published on Nov 02, 2020 07:04 AM IST
By Bloomberg | Posted by Kanishka Sarkar
The panel has given Google and Paytm time to submit written responses to queries on structure, tax regimes, data processing and protection, and privacy.
Updated on Oct 30, 2020 03:07 AM IST
Hindustan Times, New Delhi | By Deeksha Bhardwaj
For the Tata group, the deal is aimed at securing as much control as possible in India’s fast-growing e-commerce market before Reliance Industries Ltd and Flipkart become too big, said the second person.
Published on Oct 28, 2020 06:12 AM IST
Hindustan Times, Mumbai | By Anirudh Laskar
The Chinese conglomerate and its affiliates Alibaba Capital Partners and Ant Group have invested more than $2 billion in Indian companies since 2015 and participated in funding rounds of at least another $1.8 billion, according to data from PitchBook.
Updated on Aug 27, 2020 01:24 AM IST
New Delhi/Hong Kong | By Reuters | Posted by Kanishka Sarkar
“As the world’s largest e-commerce platform, Alibaba’s primary commercial focus in the US is to support American brands, retailers, small businesses and farmers to sell to consumers and trade partners in China as well as other key markets around the world,” Chief Executive Officer Daniel Zhang said on an earnings call.
Published on Aug 20, 2020 08:06 PM IST
By Bloomberg| Posted by: Harshit Sabarwal
The embrace of benchmark-beating technology companies is considered an overdue move for an underperforming gauge that is overstuffed with banks and financial stocks.
Updated on Aug 14, 2020 12:56 PM IST
By Bloomberg | Posted by: Shankhyaneel Sarkar
The case comes weeks after India cited security concerns in banning Alibaba’s UC News, UC Browser and 57 other Chinese apps after a clash between the two countries’ forces on their border.
Updated on Jul 26, 2020 03:06 PM IST
New Delhi | By Reuters| Posted by: Harshit Sabarwal
UCWeb, which entered India a decade ago and operated the browser along with a news app and the Vmate short video app, told some employees in a letter dated July 15 and seen by Reuters that they were losing their jobs.
Published on Jul 16, 2020 02:51 PM IST
New Delhi | By Reuters| Posted by Susmita Pakrasi
The country’s largest game developer has surpassed Alibaba Group Holding Ltd. as Asia’s most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time.
Updated on Jun 24, 2020 08:56 PM IST
By Bloomberg | Posted by: Shivani Kumar