Page 5 - Alibaba Group

Alibaba Group's 'most influential woman' to get $5 bn richer on Ant IPO

The co-founder of the e-commerce giant rarely speaks in public and is little known outside of China, but over the past two decades she's played a key role guiding Jack Ma's empire

Jack Ma to become richer than Walmart heirs with mega Ant Group IPO

Ma's 8.8% stake is worth $27.4 billion based on the stock pricing in Hong Kong and Shanghai

Alibaba to buy controlling stake in hypermarket chain Sun Art for $3.6 bn

(Reuters) - Alibaba Group Holdings <9988.HK> said on Monday it will invest $3.6 billion to boost its stake in hypermarket operator Sun Art Retail Group Ltd <6808.HK>, gaining further ground in China's booming retail market.

Alibaba Group Holding to buy up to 10% stake in duty-free retailer Dufry

Dufry employs about 31,000 people and said in June it plans to reduce personnel expenses by 20% to 35% as revenue plummets.

Singapore wants cold war's casualties, not a truckload of new money

As escalating violence on its border with China draws India closer to the US, globally-minded Chinese firms need neutral addresses to avoid becoming collateral damage

Alibaba Group's growth is not a recovery for investors to celebrate

Investors who want to cheer a recovery for China's largest e-commerce company should keep in mind what it is they're celebrating

Alibaba beats revenue, profit estimates on gains from cloud, commerce biz

Sales from the company's core commerce business jumped 34 per cent to ¥133.32 billion

China's Ant Group plans consumer finance firm to push for growth: Report

Ant will hold about a 50 per cent stake, while Nanyang Commercial and TransInfo will own 15 per cent and 10 per cent, respectively, of the new firm

Alibaba's Ant Group starts concurrent IPO process in Shanghai, Hong Kong

A concurrent listing of Ant - one of the world's most hotly-anticipated IPOs - would be a boost to both cities' status as capital market centres

SoftBank quietly sells additional $2.2 bn of its stake in Alibaba Group

The deal, which includes a collar contract and call spread, is expected to be settled between May 2024 and June 2024

World Coronavirus Dispatch: EU slams China over fake Covid-19 info

Cases in US cross two million as infections rise in at least 20 states, Amazon, Ebay ordered to stop shipping unproven Covid products

Answers to the Strategist Quiz #659

Answers to the Strategist Quiz #659

Draconian? Alibaba's Lazada demands staff to follow Covid-19 rules strictly

The conflict illustrates how Alibaba's business practices have sometimes played poorly abroad

Mukesh Ambani no more Asia's richest man as recent oil slide erodes wealth

According to the Bloomberg Billionaires Index, Chinese billionaire Jack Ma, the founder of e-commerce major Alibaba Group has toppled Ambani to get the top spot in Asia

Alibaba Group to offer $144 million in subsidies as shopping suffers

Alibaba's announcement comes as the e-commerce giant wrestles with depressed consumer spending in China

Mukesh Ambani set to build Alibaba-like $24-bn e-commerce giant for India

The move is the latest sign of the Reliance group's pivot towards data and digital services for future growth, as it builds an online platform to take on the likes of Amazon and Flipkart in India

Alibaba's Ant Financial applies for Singapore digital banking licence

The Monetary Authority of Singapore (MAS) has said it will issue five such licences, as it embarks on the biggest liberalisation of its banking sector in two decades

Alibaba Group rejigs brass, names veteran Simon Hu as CEO for Ant Financial

Cheng Li, chief technology officer for Ant, will move over to become CTO for Alibaba Group

Softbank's Son reiterates his belief in gut-led investing in chat with Ma

SoftBank owns 26% of China's Alibaba, with its origin in a $20 million investment in 2000, and the stake is now worth more than the Japanese firm's market capitalization

Alibaba-backed AutoX seeks permit to test driverless cars in California

Google-backed Waymo is the only company so far to have secured a full license for testing without a safety driver