Alibaba

Linkage Software went public in Shanghai on Monday. Getty Yet another successful IPO by a technology company has minted a billionaire couple in China. Financial industry software developer Linkage Software climbed by 18.6% at the Shanghai Stock Exchange on Wednesday, giving its shares a more than 300% gain in the…

Hayden Capital commentary for the first quarter ended March 31, 2020, discussing Carvana Co (NYSE:CVNA) partner inventory listing. Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your…

An Ethiopian Airlines worker transports a consignment of medical donation from Chinese billionaire Jack Ma and Alibaba Foundation to Africa for coronavirus disease (COVID-19) testing, upon arrival at the Bole International Airport in Addis Ababa, Ethiopia March 22, 2020. REUTERS/Tiksa Negeri – RC2ZOF95SBCBEthiopian Airlines, Africa’s biggest and most profitable, was…

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…