Alibaba

Chinese medical data group LinkDoc Technology has called off its US initial public offering at the last minute, two people familiar with the transaction said, becoming the first casualty of Beijing’s clampdown on overseas listings. The company planned to raise up to USD 210 million on the tech-heavy Nasdaq exchange…

Troubled Chinese retailer Suning has secured a $1.36 billion bailout offer from a group of investors led by the state asset management committees of Nanjing and Jiangsu provincial governments, in exchange for a 17% stake in the retail company. Alibaba also joined the funding consortium together with Chinese electronics makers Midea Group, Haier Group, Xiaomi, and…

(Image credit: Alibaba) Alibaba’s former executive chairman Jack Ma’s family fortune manager Blue Pool Capital invested in a gaming company specializing in nonfungible tokens (NFTs). Regional neighbors are looking into digital currency plans. Japanese officials said they are hoping to clarify whether to issue a central bank-backed digital yen by…

July 6, 2021 By CIW Team More than 60% of brands choose to launch new products online during the past one year, and most choose Tmall, according to a joint report by Yicai and Alibaba. According to the data of the report, in recent years, the total number of new…

Xpeng Motors said on Monday it has priced its shares at HK$165 ($21.20) apiece and expects to raise about HK$14 billion in its upcoming IPO. Listed in the US, Xpeng’s Hong Kong offer price represents a 52% discount on its New York closing price of $43.74 on July 2. The…

Alibaba’s chairman and CEO Daniel Zhang outlined the company’s latest internal reorganization in a letter sent to his staff on July 2, resulting in the formation of a new business group focused on local lifestyle services. In the new unit, Yu Yongfu will lead a newly consolidated on-demand lifestyle services…

Publish date:Jul 2, 2021 2:05 PM EDTAlibaba has been a sore laggard compared with its large- and mega-cap peers. Can that change in the second half of 2021? Alibaba  (BABA) - Get Report has been a total dog so far this year. Shares were trading well into the fourth quarter of…

Xiamen-based Qingci Games last week filed for an initial public offering in Hong Kong Its investors include Tencent, Alibaba, Bilibili and private equity firm Boyu Capital Published: 2:00am, 3 Jul, 2021 Updated: 2:00am, 3 Jul, 2021 Read More

(Source: Alizila) Alibaba has announced a major organizational shift in its company, integrating three of its major location-based businesses, namely AutoNavi, Local Life and Fliggy, into its life services section. The announcement was made on Friday by Zhang Yong, the current chairman and CEO of Chinese tech giant Alibaba Group. Yu…

Strike CEO Jack Mallers says Coinbase and other providers are overcharging customers to advance “shitcoins” From today, US customers of payments startup Strike can buy and sell Bitcoin at almost no fees, the firm has announced. Strike, which recently revealed plans to help El Salvador in its bitcoin adoption, aims…