Alibaba

(Source: Lazada) Your browser doesn’t support HTML5 audio Chinese tech giant Alibaba had previously mentioned its intention to raise at least $1 billion for Lazada, its e-commerce platform in Southeast Asia, but has since rolled back its off. Bloomberg reported on Wednesday that the deal was called off since negotiations…

(Source: BEST Inc.) Your browser doesn’t support HTML5 audio BEST Inc., a smart supply chain solutions and logistics services provider in China, announced on Wednesday that Chen Jun has resigned from his position as a director of the company. Chen was nominated by Alibaba and its logistics arm, Cainiao Network,…

(Bloomberg) -- From Alibaba to Tencent, China’s largest companies are once again at the center of a market storm, spurred by speculation that Beijing is readying another assault on the world’s biggest internet arena. Most Read from Bloomberg Belarus Preparing to Send Soldiers, Report Says: Ukraine Update U.S., Europe Cut…

Chinese authorities recently asked state-owned companies and banks to launch a new round of checks regarding their exposure to and links with Ant Group, the financial company that belongs to Chinese tech giant Alibaba. The news caused Chinese tech stocks to plummet on Tuesday, with Alibaba seeing a 5.3% loss…

Chinese e-commerce giant Alibaba has called off discussions with potential investors for a $1 billion pre-IPO round for its Southeast Asia e-commerce arm Lazada, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The report says disagreement over the valuation of the Singapore-based company is the main reason…

After enduring the government’s regulatory storm that began in late 2020, companies ranging from e-commerce giant Alibaba to gaming mogul Tencent to ride-hailing giant Didi have largely kept a low profile, apart from pledging billions of dollars to Beijing’s initiatives such as “common prosperity” to show their loyalty. But investors, fearing the…

Financial regulators in China have asked state-owned banks and enterprises to audit their assets and report all financial exposure to Alibaba fintech affiliate Ant Group, Bloomberg reported on Monday. The National Audit Office, which audits the revenue and expenditure of state institutions, issued the call alongside multiple governmental bodies, including…

A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS/Yilei Sun/File Photo Register now for FREE unlimited access to Reuters.comFeb 22 (Reuters) - Chinese regulators have asked state-owned firms to kick-off a fresh round of checks to find…

:Chinese regulators have asked state-owned firms to kick-off a fresh round of checks to find out their investments into and other linkages with billionaire Jack Ma's Ant Group, three people with knowledge of the matter said. State-owned banks and non-bank firms are among the entities that have been asked by…

Alibaba is not going to rebrand its B2C marketplace Tmall to Maoxiang, an anonymous executive at the company’s digital business unit told local media outlet Guancha on Feb. 19. The source partially confirmed a prior rumor that Alibaba is working on Maoxiang, a new online direct sales service adopting a model similar…