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Billionaire Alibaba founder Jack Ma reappears in Hong Kong: Report

The Chinese billionaire has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators.
Jack Ma, billionaire founder of Alibaba Group.(REUTERS)
Jack Ma, billionaire founder of Alibaba Group.(REUTERS)
Published on Oct 13, 2021 11:50 AM IST
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Reuters |

Alibaba fires manager accused of sexually assaulting employee

  • Over the weekend, a female staffer posted an 11-page account on Alibaba's intranet in which she said her supervisor and a client sexually assaulted her while on a business trip, and that managers had failed to take action.
Alibaba will conduct company-wide training for the prevention of sexual harassment and launch a channel for staff to report incidents. REUTERS/Aly Song
Alibaba will conduct company-wide training for the prevention of sexual harassment and launch a channel for staff to report incidents. REUTERS/Aly Song
Updated on Aug 09, 2021 11:47 AM IST
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Reuters | , Shanghai

Alibaba health-backed LinkDoc files for US IPO

The Beijing-based company, which offers cancer-focused healthcare services, reported a 41% jump in revenue for the three months ended March 31, according to the filing.
The company will list on the Nasdaq under the symbol 'LDOC'.(File Photo)
The company will list on the Nasdaq under the symbol 'LDOC'.(File Photo)
Published on Jun 15, 2021 03:58 AM IST
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Reuters |

China's tech giants facing antitrust probe pledge to end unfair competition

  • Beijing is taking China's tech firms to task to curtail the reach of private companies into the daily finances of the Chinese public -- and, analysts say, to rein in their runaway expansion.
Employees are reflected on a glass panel while walking past a logo at the Ant Group Co. headquarters in Hangzhou, China. (Bloomberg)
Employees are reflected on a glass panel while walking past a logo at the Ant Group Co. headquarters in Hangzhou, China. (Bloomberg)
Published on Apr 15, 2021 02:51 PM IST
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AFP | , Beijing

Alibaba shares rise as it plays down effects of record $2.78 billion fine

  • Ant Group, whose planned record-shattering $35 billion Hong Kong-Shanghai IPO was shelved late last year amid the Chinese crackdown on Big Tech, separately announced a restructuring plan but vowed to "ensure business continuity".
The government has cracked down on major Chinese tech platforms -- and Alibaba in particular -- over allegations of anti-competitive behaviour, misuse of consumer data and over-aggressive expansions.( REUTERS)
The government has cracked down on major Chinese tech platforms -- and Alibaba in particular -- over allegations of anti-competitive behaviour, misuse of consumer data and over-aggressive expansions.( REUTERS)
Published on Apr 12, 2021 05:41 PM IST
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AFP | , Beijing

China's crackdown on its powerful companies intensifies: Report

State Administration for Market Regulation (SAMR) slapped a record $2.75 billion fine on Alibaba after an antimonopoly probe.
The $2.75 billion fine on Alibaba underscores the challenges ahead for companies, including global firms with operations in China, mainly in a tech sector that thrived during years of relatively laissez-faire market regulation.(REUTERS)
The $2.75 billion fine on Alibaba underscores the challenges ahead for companies, including global firms with operations in China, mainly in a tech sector that thrived during years of relatively laissez-faire market regulation.(REUTERS)
Published on Apr 11, 2021 03:56 PM IST
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Reuters | , Beijing/hong Kong

China fines Alibaba record $2.75 billion for anti-monopoly violations

Alibaba's billionaire founder Jack Ma's business empire has been particularly put under intense scrutiny after his stinging criticism of China's regulatory system in late October.
The SAMR ordered Alibaba to make
The SAMR ordered Alibaba to make "thorough rectifications" to strengthen internal compliance and protect consumer rights.(Bloomberg file photo)
Updated on Apr 10, 2021 08:24 AM IST
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Reuters | , Shanghai

China eyes record monopoly fine near $1 billion for Alibaba: Report

  • The penalty could top the $975 million paid by US chipmaker Qualcomm in 2015 -- the biggest known for anticompetitive practices in China -- the Wall Street Journal report said, citing unnamed "people with knowledge of the matter".
The logo of Alibaba Group is seen at its office in Beijing, China.(Reuters)
The logo of Alibaba Group is seen at its office in Beijing, China.(Reuters)
Published on Mar 12, 2021 10:51 AM IST
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AFP |

China issues new anti-monopoly rules targeting its tech giants

The new rules formalise an earlier anti-monopoly draft law released in November.
China has in recent months started to tighten scrutiny of its tech giants, reversing a once laissez-faire approach.(Reuters)
China has in recent months started to tighten scrutiny of its tech giants, reversing a once laissez-faire approach.(Reuters)
Published on Feb 07, 2021 06:25 PM IST
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Reuters | , Beijing

Alibaba rallies in credit market as dollar bond deal starts

The Chinese e-commerce giant is marketing a multi-tranche bond offering which is expected to price as early as Thursday, according to a person familiar with the matter.
The logo of Alibaba Group is seen at its office in Beijing, China.(Reuters)
The logo of Alibaba Group is seen at its office in Beijing, China.(Reuters)
Published on Feb 04, 2021 01:51 PM IST
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Bloomberg |

Alibaba resumes plan for $5 billion bond after revenue gain

The Chinese e-commerce giant will initiate a series of investors calls for the planned notes with various maturities up to 40 years from Wednesday, according to a person familiar with the matter.
The logo of Alibaba Group is seen at its office in Beijing, China.(Reuters)
The logo of Alibaba Group is seen at its office in Beijing, China.(Reuters)
Published on Feb 03, 2021 10:32 AM IST
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Bloomberg |

Alibaba beats quarterly revenue estimates on online boom

The results come as China clamps down on founder Jack Ma's sprawling business empire, having forced the suspension of a blockbuster $37 billion IPO for Alibaba's financial affiliate Ant Group.
The logo of Alibaba Group is seen at its office in Beijing, China.(Reuters)
The logo of Alibaba Group is seen at its office in Beijing, China.(Reuters)
Published on Feb 02, 2021 05:58 PM IST
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Reuters |

Deaths, self-immolation draw scrutiny on China tech giants

For white-collar workers in the technology industry, pay is better than in some industries but employees are often expected to work 12 hours a day or more.
The viscera and lungs were sent for forensic examination to ascertain the cause of death and samples of the deceased were taken for Covid 19.(Getty Images/iStockphoto)
The viscera and lungs were sent for forensic examination to ascertain the cause of death and samples of the deceased were taken for Covid 19.(Getty Images/iStockphoto)
Published on Jan 17, 2021 12:10 PM IST
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AP | , Hong Kong

US decides against investing ban on Alibaba, Tencent and Baidu

The decision removes uncertainty hanging over Chinese social media and gaming leader Tencent and Alibaba, the e-commerce titan founded by billionaire Jack Ma that’s now under intense regulatory scrutiny by Beijing regulators.
The logo of Alibaba Group is seen at its office in Beijing, China.(Reuters)
The logo of Alibaba Group is seen at its office in Beijing, China.(Reuters)
Published on Jan 14, 2021 03:20 PM IST
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Bloomberg |

Alibaba to be probed for antitrust charges

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.
The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China.(REUTERS)
The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China.(REUTERS)
Updated on Dec 25, 2020 05:21 AM IST
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Livemint, Beijing | BySutirtho Patranobis

Key events leading to China’s investigation into Alibaba Group

In October, China’s Financial Stability and Development Committee, a cabinet-level body headed by Vice Premier Liu He, flags risks associated with the rapid development of fintech.
Jack Ma, China’s richest man, said the financial and regulatory system stifled innovation and must be reformed to fuel growth.(REUTERS)
Jack Ma, China’s richest man, said the financial and regulatory system stifled innovation and must be reformed to fuel growth.(REUTERS)
Published on Dec 24, 2020 02:58 PM IST
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ByReuters | Posted by Deepali Sharma

Alibaba CEO says China’s draft anti-monopoly rules ‘timely and necessary’

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.
Alibaba Group CEO Daniel Zhang (Zhang Yong) at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020.(Reuters Photo)
Alibaba Group CEO Daniel Zhang (Zhang Yong) at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020.(Reuters Photo)
Published on Nov 23, 2020 09:58 AM IST
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Wuzhen, China | ByReuters | Posted by Kanishka Sarkar

Jack Ma blasts global financial regulators’ curbs on innovation

Digital currencies may play an important role in building the type of a financial system that will be needed in the next 30 years, Ma said.
Founder of Alibaba group Jack Ma at a tech in Paris.(AP File Photo)
Founder of Alibaba group Jack Ma at a tech in Paris.(AP File Photo)
Published on Oct 25, 2020 03:24 PM IST
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ByBloomberg | Posted by Kanishka Sarkar

Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs

Last week, Alibaba announced investments of $2.7 billion in luxury goods retail platform Kaola and a music streaming firm in moves that partly demonstrated its flexibility in adopting new strategies.
Jack Ma, founder of the Alibaba Group, speaks at the company's 20th-anniversary celebration in Hangzhou in eastern China's Zhejiang province, Tuesday, Sept. 10, 2019.(AP)
Jack Ma, founder of the Alibaba Group, speaks at the company's 20th-anniversary celebration in Hangzhou in eastern China's Zhejiang province, Tuesday, Sept. 10, 2019.(AP)
Updated on Sep 10, 2019 10:29 PM IST
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Shanghai | ByReuters

Paytm to start planning IPO in 22-24 months, says CEO Vijay Shekhar at HT-MintAsia Leadership Summit

Paytm’s parent company One97 Communications is India’s most valuable unicorn, or privately held startup with a valuation of $1 billion or more. Its backers include Masayoshi Son’s SoftBank Vision Fund, and Alibaba Group’s Ant Financial.
Vijay Shekhar Sharma, Founder and CEO of Paytm, during the ‘What it takes to be a global unicorn’ session at the Hindustan Times Mint-Asia Leadership Summit, in Singapore, on Friday(HT Photo)
Vijay Shekhar Sharma, Founder and CEO of Paytm, during the ‘What it takes to be a global unicorn’ session at the Hindustan Times Mint-Asia Leadership Summit, in Singapore, on Friday(HT Photo)
Updated on Sep 06, 2019 03:44 PM IST
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ByKristie Neo

Alibaba Singles’ Day smashes $25 bln sales record in under 16 hours

Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing 168 billion yuan sales in under sixteen hours.Singles’ Day, also called “Double 11” is the world’s biggest online sales event, outstripping U.S. shopping holiday Black Friday.
Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record on Sunday, surpassing 168 billion yuan ($24.15 billion) sales in under sixteen hours.(Bloomberg)
Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record on Sunday, surpassing 168 billion yuan ($24.15 billion) sales in under sixteen hours.(Bloomberg)
Updated on Nov 11, 2018 06:42 PM IST
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Shanghai | ByReuters

Daniel Zhang, Alibaba’s new boss and finance ace who quietly shook things up

Daniel Zhang, who takes over from Jack Ma, must now steer the Alibaba Group abroad, where it’s made headway in markets like Southeast Asia but remains alien to many Western consumers.
Daniel Zhang will succeed Jack Ma as Alibaba Group’s executive chairman, just three years after he took over as chief executive officer of the company.(Reuters File Photo)
Daniel Zhang will succeed Jack Ma as Alibaba Group’s executive chairman, just three years after he took over as chief executive officer of the company.(Reuters File Photo)
Updated on Sep 10, 2018 05:45 PM IST
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Bloomberg | ByBloomberg

Alibaba’s Jack Ma, set to retire next year, writes a letter to employees

“The one thing I can promise everyone is this: Alibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba,” the chairman wrote in his letter to employees.
Jack Ma, who founded e-commerce giant Alibaba Group and helped to launch China's online retailing boom, announced he will step down as the company's chairman next September.(AP Photo)
Jack Ma, who founded e-commerce giant Alibaba Group and helped to launch China's online retailing boom, announced he will step down as the company's chairman next September.(AP Photo)
Updated on Sep 10, 2018 03:10 PM IST
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ByBloomberg

Check into Marriott with the help of facial recognition in China

China is spearheading the use of facial recognition for everything from helping control major live events to ordering fast-food.
Visitors check their phones behind the screen advertising facial recognition software during Global Mobile Internet Conference (GMIC) at the National Convention in Beijing, China.(REUTERS/Damir Sagolj/Files)
Visitors check their phones behind the screen advertising facial recognition software during Global Mobile Internet Conference (GMIC) at the National Convention in Beijing, China.(REUTERS/Damir Sagolj/Files)
Updated on Jul 11, 2018 04:34 PM IST
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Reuters | ByReuters, Hong Kong/shanghai

Zomato seeks to raise $400 million at $2 billion valuation: Report

Zomato is seeking the investment at a valuation of as much as $2 billion, as the fast-growing food-tech space continues to draw investor attention.
Zomato founders Deepinder Goyal and Pankaj Chaddah at their office in Gurgaon.((Sanjeev Verma/ HT Photo)
Zomato founders Deepinder Goyal and Pankaj Chaddah at their office in Gurgaon.((Sanjeev Verma/ HT Photo)
Updated on Jun 22, 2018 02:48 PM IST
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Hindustan Times, New Delhi | ByHT Correspondent
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