Alibaba

Check out the companies making headlines before the bell: AstraZeneca – Britain became the first country to approve the drug maker's Covid-19 vaccine, setting the stage for a rollout of millions of doses. The vaccine is not yet approved in the U.S., with the FDA still to review large-scale trials. The…

The Alibaba co-founder had reached a peak of US$61.7 billion this year and was poised to become Asia’s richest person with Ant's IPO.Read More

Alibaba's booth at the World Artificial Intelligence Conference on August 30, 2019 in Shanghai. (Image credit: TechNode/Shi Jiayi) Last week, China launched an anti-trust probe into Alibaba and called in its financial services affiliate Ant Group for a meeting. Beverage chain Luckin Coffee’s growth slowed but continued in 2020. China’s…

Alibaba shares slumped 9% to their lowest since June on Monday, as the firm’s upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown on co-founder Jack Ma’s e-commerce and financial empire. A sharp sell-off over two sessions has knocked almost $116 billion off the tech giant’s Hong…

Photo: Internet Archive Chinese online tutor Zuoyebang has raised more than $1.6 billion in a new funding round from investors including Alibaba Group and SoftBank’s Vision Fund, the company said on Monday. Existing investors Tiger Global, Sequoia Capital China and FountainVest Partners have also participated, Zuoyebang said in a news statement, without disclosing its…

(THR) Hong Kong action sequel Shock Wave 2 rocked China's box office over the weekend, opening to a healthy $64.5 million. Youth fantasy film Dream of Eternity also did decent business, debuting to $38.9 million.Hollywood tentpoles, however, fared far less well. Warner Bros.' Wonder Woman 1984 was effectively snuffed out, adding…

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Alibaba Group announced that its board of directors has authorized to upsize its share repurchase program from US$6 billion to US$10 billion on 27 December 2020. This Share Repurchase Program will be effective for a two-year period through the end of 2022.Alibaba commenced the execution of its Share Repurchase Program…

The big picture: The future looked bright ahead for Alibaba only months ago, with its share price climbing steadily amid the pandemic. However, in a first for China, the State Administration for Market Regulation has started an antitrust investigation into Alibaba and sister company Ant Group, signaling an end to…