Page 6 - Alibaba

Food delivery firm Zomato stake sale fetches Rs 1,631 crore for Alibaba

Prior to the stake sale, Alipay held 6.7 per cent stake in Zomato while affiliate firm Antfin holds another 6.6 per cent share in the foodtech giant

Alibaba to sell Zomato shares worth $200 million via block deal: Report

Alibaba Group Holding Ltd plans to sell a stake of about 3% in Indian food delivery firm Zomato Ltd worth $200 million through a block deal

Alibaba lays off nearly 10,000 in three months after 50% drop in net income

These are an effort to cut expenses amid sluggish sales and a slowing economy in China

SoftBank to book $34-bn gain on Alibaba shares; reduce stake to 14.6%

The transaction 'will be able to eliminate concerns about future cash outflows, and furthermore, reduce costs associated with these prepaid forward contracts', SoftBank said

Alibaba lays off nearly 10,000 employees to cut expenses amid poor sales

According to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimmed its overall headcount to 245,700.

Alibaba revenue beats in June qtr despite flat growth due to Covid lockdown

Alibaba Group Holding Ltd, on Thursday beat market expectations for revenue in the quarter ending late June, even though growth was flat for the first time ever due to the impact of COVID-19 lockdown.

Alibaba moves a step closer towards getting booted off US stock exchanges

The firm's shares fell 9.5 per cent at 1:13 pm in New York after the announcement

Alibaba aims to add primary listing in Hong Kong, woo China investors

Removes Ant executives amid shake-up, increased scrutiny

Alibaba says will seek primary listing in Hong Kong, adding to NYSE

Alibaba, the world's biggest e-commerce company by sales, announced plans to change the status of its shares traded in Hong Kong, making them more accessible to Chinese investors

Alibaba to apply for primary Hong Kong listing to woo Chinese investors

Alibaba Group Holding Ltd. will seek a primary listing in Hong Kong, entrenching the financial hub's status as an alternative to US markets and paving the way for Chinese investors

Alibaba removes Ant Executives amid shakeup and increased Chinese scrutiny

Jack Ma's twin empires have been recasting themselves amid closer scrutiny by China's watchdogs on everything from corporate governance to dealings among affiliates.

Alibaba, Bilibili stocks eye fresh gains as China approves more games

Live-streaming platform Bilibili Inc. was among the top gainers of the group, rising 8% in premarket trading.

Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak

Curbs on investment by Chinese investors a major roadblock

All the world's a stage for unicorns

In 2021, when the buzz is around start-ups going for IPOs and celebration of Indian entrepreneurship, it's also time to acknowledge the role of global players in the journey to stardom

Jack Ma exits Paytm Mall; offloads 43% stake for Rs 42 cr: Report

Paytm E-commerce have bought back the entire stake of Alibaba, which held 28.34 per cent, and Antfin (Netherlands) Holding, which held 14.98 per cent stake, a total of 43.32 per cent, for Rs 42 crore.

Paytm Mall pivots to build on ONDC as primary focus, explore exports scope

Alibaba and Ant Group exit Paytm Mall

Tencent, Alibaba jump over 20% as govt assures stability and support

The HSI surged more than 9 per cent to above the 20,000-point mark

Alibaba, Tencent preparing to cut tens of thousands of jobs this yr: Rpts

The job cuts at the two companies would be their first major layoffs since Chinese regulators launched an unprecedented campaign a year-and-a-half ago to rein in its internet giants

Tech giants Alibaba, Tencent likely to trim workforce by up to 30%

It is rumoured in the Chinese social media platform Weibo that tech giants Alibaba and Tencent employees are expecting around 30 per cent job cuts

Alibaba has a much bigger problem than the crackdown on technology

Alibaba's struggle is borne out in the numbers. Revenue for the three months to December climbed just 10%, compared with 29% growth the prior period