Page 4 - Alibaba Group

Jack Ma to step down as head of business school he founded, amid clampdown

Chinese billionaire Jack Ma will be stepping down as the President of Hupan, an elite business school he founded, in the face of government pressure on the tech industry

Alibaba reports first operating loss as a public company due to record fine

Alibaba forecast annual revenue to be 930 billion yuan ($144.12 billion) for the fiscal year ended March 2022, above analysts' average estimate of 928.25 billion yuan.

Alibaba aims to report strong financial earnings, after $260 billion slide

Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.

Tata to finally enter online grocery with CCI nod to BigBasket stake deal

With this, Tata Digital will buy 64.3% stake in Supermarket Grocery Supplies and also be sole control over Innovative Retail Concepts, which runs BigBasket's online retail biz

Chinese regulator orders Ant Group to carry out a major overhaul

Ant Group is a financial affiliate of e-commerce giant Alibaba Group Holding

Fine, thank you, says Alibaba Group after China's $2.8-billion penalty

It's a sign of how odd China's crackdown on the power of big tech has been compared with the rest of the world

Tencent raises $8.3 billion with its biggest offshore syndicated loan

The deal comes amid a flurry of debt financings by tech giants, with Alibaba Group Holding Ltd. issuing $5 billion of bonds in early February

Alibaba's $38-billion bond sale shows confidence among Jack Ma fans

The four-tranche offer received more than $38 billion in orders at the peak, according to people with knowledge of the matter

Alibaba Group Holding sales beat estimates as regulatory headwinds loom

Net income attributable to shareholders rose 52 per cent to 79 billion yuan

Alibaba Group plans to sell up to $8-billion bonds in show of strength

The company aims to raise at least $5 billion but could wind up with more depending on the reception, according to people familiar with the matter

Alibaba Group to shut down Xiami streaming platform on February 5

Xiami is a music streaming app

Alibaba Group increases share repurchase programme to $10 billion

Alibaba Group Holding said on Sunday its board has authorised an increase in the company's share repurchase programme to $10 billion from $6 billion

Key events behind China's probe into Alibaba for monopolistic behaviour

China has launched an investigation into Alibaba Group for suspected monopolistic behaviour in the latest blow for Jack Ma's e-commerce and fintech empire

SoftBank Group debates new strategies to go private via gradual buyout

Masayoshi Son wouldn't buy more shares himself, but his ownership stake, now about 27 per cent, would increase as other investors sell stock

India bans AliExpress, 42 other Chinese apps over security concerns

Other apps on the list include Snack Video, a short video app that was gaining traction after the ban on TikTok, and Alipay Cashier, which helped users collect payments from Alipay through a QR Code

China's clampdown on big tech puts more billionaires like Jack Ma on notice

Wednesday's selloff sent Alibaba shares down 7%, while analysts estimated that Ant's $280 billion valuation could be cut in half due to stricter regulations. Both companies were co-founded by Jack Ma

China's new antitrust rules turn up heat on internet giants like Alibaba

China laid out detailed regulations for the first time to root out monopolistic practices in the internet industry

Watchdogs hold talks with Ant as China releases draft online lending rules

People's Bank of China, China Securities Regulatory Commission as well as the country's banking and insurance regulator and forex regulator held the talks with Ant's controlling shareholder Ma

Alibaba's secret three-year experiment to modernise China's old factories

Alibaba claims it is able to cut order lead times by 75% with its solutions

Alibaba's secret three-year experiment to reinvent outdated factories

Its ultimate goal, according to Alibaba, is to become a one-stop production solution provider for garment merchants on its Taobao and Tmall marketplaces.