Alibaba

TO SAY THAT China’s economy has been hurt by covid-19 is putting it mildly. The 6.8% year-on-year fall in GDP in the first quarter ended a 28-year stretch of continuous, mostly rapid growth. The Communist Party, which derives legitimacy from rising living standards, is keen to put the slump behind…

TO SAY THAT China’s economy has been hurt by covid-19 is putting it mildly. The 6.8% year-on-year fall in GDP in the first quarter ended a 28-year stretch of continuous, mostly rapid growth. The Communist Party, which derives legitimacy from rising living standards, is keen to put the slump behind…

Dan Kitwood/Getty Images Walk through the City of London, and know what it feels like to be the only person alive. There is no traffic. Gleaming steel and glass skyscrapers are deserted. The streets from Farringdon to Billingsgate are so quiet, you can hear birds chirping. The centre of the…

(Bloomberg Opinion) -- China has plenty to gain from lending a hand to its friends battling the coronavirus in Africa. Contrary to some perceptions, that won't mean opportunistic grabs in oil, copper or arable land. The biggest prize for Beijing is political capital.Sub-Saharan Africa faces its first recession in 25 years,…

By Lulu Yilun ChenBloombergMon., April 27, 2020timer2 min. readAlibaba Group Holding Ltd. demoted e-commerce chief Jiang Fan and took away a year’s worth of financial incentives, disciplining the top executive after concluding an investigation into allegations of improper behaviour, a person familiar with the matter said.Alibaba removed Jiang, who oversees…

SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) has demoted Jiang Fan, one of its most senior executives, after an internal investigation into allegations of improper behaviour, according to a person familiar with the matter. FILE PHOTO: Alibaba Group's Taobao and Tmall president Jiang Fan attends the…

Following the ₹43,574-crore Facebook-Jio Platforms deal, billionaire Mukesh Ambani has clawed back his position as Asia’s richest man, a position he lost to Chinese technology giant Alibaba founder Jack Ma in March.In January this year, Mukesh Ambani’s net worth stood at $67 billion, making him the richest Asian, while that…

( Tomdispatch.com ) – Historically, in hyper-crises, local and global systems can change fundamentally. Before the coronavirus pandemic hit first China and then the rest of the globe, the question of whether the American imperial era might be faltering was already on the table, amid that country’s endless wars and…

Image copyright Getty Images The richest man in China opened his own Twitter account last month, in the middle of the Covid-19 outbreak. So far, every one of his posts has been devoted to his unrivalled campaign to deliver medical supplies to almost every country around the world. "One world,…

Joseph Tsai, a co-founder of Alibaba, the Chinese e-commerce giant, and owner of the Brooklyn Nets and the New York Liberty basketball teams, in New York, May 9, 2019. (Hiroko Masuike/The New York Times)HONG KONG — U.S. hospitals and state officials face desperate shortages of the masks, ventilators and other…