Alibaba

Rondae Hollis-Jefferson reacts against the Philadelphia 76ers during game three of Round One of the 2019 NBA Playoffs at Barclays Center. Getty Images Brooklyn Nets are on the verge of changing hands two years ahead of the expected transfer of the NBA team …

Billionaire Alibaba cofounder Joseph Tsai is taking full ownership of the Brooklyn Nets, the New York Post reported. To do so, Tsai will buy out Russian financier Mikhail Prokhorov’s 51% stake in the team for $US2.35 billion, according to the Post. That’s th…

Now that Joe Tsai, the Nets minority owner, is closing in on his purchase of Barclays Center, that opens the door to accelerating his takeover of the rest of the team. But what does that means for fans? Once Tsai completes the deal for the team, worth an NBA…

The world knows that China's GDP growth rate has recently fallen (although some are more worried about it than others). But what the world may not know is that while the U.S. capital markets have steadily grown for the past decade (see chart below), the Chine…

In Pictures Ltd · Corbis · Getty Cui Jian, godfather of Chinese rock, drew 30,000 fans to the Workers Stadium in Beijing on 30 September last year for a concert that was also a lesson in contemporary history. When he launched into his signature tune Yì Wú Su…

In the history of the world, no economy has made as big of a leap in such a short time as China's has in the last generation. A nation of over 1 billion people that not so long ago relied on the bicycle as its primary form of transportation is…

James Zhu knew the time had come to join Fanli as full-time chief operating officer in 2010, when the Shanghai-based startup first began to raise money. At the time, Fanli was an online shopping rebates service cofounded by an acquaintance, Gary Ge Yongchang,…

In the eyes of "Shark Tank" star Kevin O'Leary, work knows no bounds even during vacation. "I don't have a division anymore between vacation time and work. It's always both," O'Leary tells CNBC Make It. "I work every day." And that rule also applies to hi…

San Francisco and Lagos based fintech startup Flutterwave has partnered with Chinese e-commerce company Alibaba to offer digital payments between Alipay and African merchants. Flutterwave is a Nigerian founded B2B payments service (primarily) for companies i…

Brendan Smialowski/AFP/Getty Images The crypto whiz kid who paid $4.6 million to have lunch with Warren Buffett and invited Donald Trump to join them could permanently cancel the meal under pressure from the Chinese government, says a host of CNBC Africa's C…