Alibaba

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…

The US has added Alibaba and Tencent, two of China’s largest technology firms, to its ‘Notorious Markets List,’ according to BBC News.  The Notorious Markets List identifies over 40 online sites and 35 stores run by the firms which it believes trade counterfeit goods.  This is one of the latest…

(Source: Keruyun) Your browser doesn’t support HTML5 audio Chinastarmarket.cn reported Thursday that Alibaba-owned Keruyun, a SaaS (Software as a Service) platform for the catering, retail and beauty industries, will begin to operate independently and Alibaba will reduce its holdings in the firm. Keruyun was established in 2012. It provides comprehensive…

China's Ministry of Industry and Information Technology has suspended Alibaba Cloud's membership of an influential security board to protest its handling of the Log4j flaw. The move appears odd as The Apache Software Foundation credited Alibaba Cloud's Chen Zhaojunfor identifying and reporting the Log4J flaw in the first place. You…

Published: 3:34pm, 22 Dec, 2021 Updated: 3:45pm, 22 Dec, 2021 Read More