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Apple's iPhones will use AI from Alibaba for Chinese market: Report

Apple's iPhones in China will utilise Alibaba's AI technology due to local regulations.

Joseph Tsai, chairman of Alibaba Group Holding Ltd., during the Asia Financial Forum in Hong Kong, China, on Tuesday, Jan. 14, 2025. The forum runs through Jan. 14.(Lam Yik/Bloomberg)
Published on Feb 13, 2025 04:04 PM IST

SoftBank CEO inflates AI bubble; He once threatened to set himself on fire for…

Masayoshi Son is a man of extremes with his $20 million bet on Alibaba becoming the most successful of all time when it grew to over $70 billion after a decade

So unusual is Masayoshi Son — known as “Masa” — that he is now the subject of two books, one by former Financial Times editor Lionel Barber and another by Alok Sama, a former president of Son’s telecommunications and technology giant Softbank Group International(Reuters)
Updated on Oct 27, 2024 01:09 PM IST
Bloomberg |

Alibaba to hire 2k graduates in China amid youth unemployment, eased regulations

Alibaba's e-commerce arm is hiring 2,000 graduates as youth unemployment hits record levels and regulatory crackdown eases.

The Alibaba Group logo is lit up at its office building in Beijing, China (Reuters/File)
Published on Aug 19, 2023 11:49 AM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

China's Alibaba rolls out ChatGPT rival Tongyi Qianwen

The new AI model will be added to Alibaba's Slack-like DingTalk app as well its smart home appliance provider Tmall Genie.

The large language model — dubbed Tongyi Qianwen, roughly translated to “Truth from a Thousand Questions” — will be incorporated across all of Alibaba’s products and services in the “near future, (REUTERS)
Updated on Apr 11, 2023 02:23 PM IST
Bloomberg |

Alibaba to split empire into 6 units as co-founder Jack Ma returns to China

Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as Beijing vows to ease a sweeping regulatory crackdown and support its private enterprises.

Alibaba (REUTERS)
Published on Mar 28, 2023 05:29 PM IST
Reuters |

Alibaba founder Jack Ma is living in Tokyo now: Report

Ma, 58, has largely disappeared from public view since he criticised the Chinese regulators in 2020, accusing the state-run banks of having a “pawnshop mentality” and calling for bold new players that can extend credit to the collateral poor.

Alibaba Group co-founder and executive chairman Jack Ma(REUTERS/File)
Published on Nov 29, 2022 08:52 PM IST
PTI |

Indonesian tech firm GoTo in talks with Alibaba, Softbank for stake sale

Formed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value of stakes of China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.

GoTo is gauging the interest of early backers including Alibaba Group Holding Ltd. and SoftBank Group Corp. for a managed sale of some of their shares to new investors
Published on Oct 21, 2022 10:29 AM IST
Bloomberg | | Posted by Aryan Prakash

Jack Ma escapes Beijing’s crosshairs by giving up his power

The 57-year-old co-founder of Alibaba Group Holding Ltd. has popped up at restaurants in Austria, toured a university in the Netherlands to learn about sustainable agriculture and docked his yacht off the Spanish island of Mallorca, according to reporting by Bloomberg and local media.

Jack Ma, the co-founder and former executive chairman of Alibaba Group.(REUTERS)
Published on Jul 29, 2022 04:16 PM IST
Bloomberg |

Alibaba seeks primary Hong Kong listing to court China investors

China’s e-commerce leader said Tuesday it will apply to elevate its trading status in the Asian city, which will in turn allow Alibaba to seek inclusion in the Stock Connect link with the Shanghai and Shenzhen exchanges.

Alibaba seeks primary Hong Kong listing to court China investors(REUTERS)
Published on Jul 26, 2022 07:04 AM IST
Bloomberg |

Alibaba increases share buyback size to record high $25 billion

This is the second time Alibaba Group Holding Ltd has expanded its buyback programme in a year. It had hiked the programme from $10 to $15 billion last August.

The Alibaba Group (Reuters file photo)
Published on Mar 22, 2022 09:24 AM IST
Reuters |

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)
Published on Oct 13, 2021 11:50 AM IST
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
Updated on Aug 09, 2021 11:47 AM IST
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)
Published on Jun 15, 2021 03:58 AM IST
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)
Published on Apr 15, 2021 02:51 PM IST
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)
Published on Apr 12, 2021 05:41 PM IST
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)
Published on Apr 11, 2021 03:56 PM IST
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
Updated on Apr 10, 2021 08:24 AM IST
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)
Published on Mar 12, 2021 10:51 AM IST
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)
Published on Feb 07, 2021 06:25 PM IST
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)
Published on Feb 04, 2021 01:51 PM IST
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)
Published on Feb 03, 2021 10:32 AM IST
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)
Published on Feb 02, 2021 05:58 PM IST
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)
Published on Jan 17, 2021 12:10 PM IST
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)
Published on Jan 14, 2021 03:20 PM IST
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)
Updated on Dec 25, 2020 05:21 AM IST
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)
Published on Dec 24, 2020 02:58 PM IST
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)
Published on Nov 23, 2020 09:58 AM IST
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)
Published on Oct 25, 2020 03:24 PM IST
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)
Updated on Sep 10, 2019 10:29 PM IST
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)
Updated on Sep 06, 2019 03:44 PM IST
ByKristie Neo
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