Alibaba

An official of the People’s Bank of China (PBOC) stated that China’s central bank digital currency (CBDC) would act as a backup for major players in the mobile payment sector like Alibaba’s Alipay and Tencent’s WeChat Pay. Digital Yuan to Ensure Financial Stability  According to the South China Morning Post…

The pandemic had a profound impact on the medical industry. While China’s Internet giants are taking social responsibility in the fight against Covid-19, the popularity of Internet healthcare services has also risen. The role of online platforms such as Alibaba, Tencent, Baidu, and JD.com has become increasingly prominent. In the…

Alibaba's shares have decreased by over 16% since its shelved IPO.Read More

In this edition of Mingtiandi’s regional news roundup, Alibaba’s Lazada e-commerce unit leases an expanse of Singapore office space, China plugs loopholes exploited by buyers to load up on multiple properties, and Hyundai mulls a major design change for its planned Seoul headquarters. Alibaba Unit Leases Most of ARA, Chelsfield…

The number of brands and merchants on the Tmall Global platform as of December 31, 2020 grew over 60% year-over-year, according to its announced financial results. In order to better connect international brands with Chinese consumers, Tmall Global continued to innovate in its cross-border logistics solutions. Brands that do not…

Spokespersons for the Jack Ma Foundation and Ant Group Co., the financial-technology giant that Mr. Ma controls, confirmed a Chinese media report that said he gave a speech to a group of teachers from rural schools. “Jack Ma participated in the online ceremony of the annual Rural Teacher Initiative event…

According to Bloomberg, Chinese billionaire Jack Ma recently resurfaced after more than two months out of public view, thus bringing an end to the intense speculation about the whereabouts and plight of the billionaire, who is currently grappling with escalating scrutiny over his internet empire. Jack Ma had kept out…

FILE PHOTO: Jack Ma, chairman of Alibaba Group arrives at the "Tech for Good" Summit in Paris, France. Photo: Reuters4:3 Image: Read More

Business FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma attends an event at the World Economic Forum Annual Meeting of the New Champions in Tianjin, China September 20, 2018. REUTERS/Stringer/File Photo 21 Jan 2021 08:50AM(Updated: 21 Jan 2021 01:59PM) NEW YORK: Jack Ma's 50-second video reappearance may have…

Chinese tycoon Jack Ma has appeared in public for the first time in nearly three months - after speculation about his whereabouts following a clampdown by Beijing on his business empire. The founder of e-commerce giant Alibaba was seen on Wednesday speaking by video in an online ceremony for an…