Alibaba

An Ele.me delivery driver drops food off at the front gate of a compound in Zhangjiagang, Jiangsu province. (Image credit: TechNode/Shi Jiayi) Chinese food delivery giant Ele.me was criticized for its low compensation for the family of a deliveryman who died while on the job. The US is considering banning…

In China, President Xi Jinping has silenced Alibaba founder Jack Ma and launched an antitrust investigation into his company after the e-commerce tycoon publicly criticized state regulators. In the U.S., Twitter CEO Jack Dorsey has suspended President Donald Trump's accounts after the president used the platform to incite violence. The…

Home  »  Website  »  Business  »  China Likely To Nationalise Jack Ma's Alibaba And Ant Group: Reports The Chinese government is considering to nationalise Jack Ma's Alibaba and the Ant Group, reports claimed. This comes in the backdrop of China initiating an investigation to probe Ant Group. Interestingly, Jack Ma…

(Source: Cainiao Guoguo) Cainiao Guoguo, the parcel delivery service under Alibaba Group Holdings’ Cainiao Smart Logistics Network, released a 2020 Courier Report on Jan.8, showing China’s rapid growth in the logistics sector last year. In the past year, the national delivery volume reached 83 billion. The pandemic acted as the…

Signs of China Telecom, China Mobile, and China Unicom are seen during the China International Import Expo (CIIE) at the National Exhibition and Convention Center in Shanghai, China, November 5, 2018. REUTERS/Aly Song. Investors on Wall Street have been scratching their heads all week over a November 12 executive order…

Mynt, the Philippine payments app backed by Jack Ma’s Ant Financial, has raised $175 million in fresh capital from US investment firm Bow Wave Capital Management and existing shareholders. The fresh funding gives Mynt, the fintech arm of Globe Telecom and operator of mobile wallet GCash, a post-money valuation of…

Podcast How is the Me Too movement evolving as it spreads? Why is China going after its best-known businessman? And what are the consequences of quantitative easing? by The Week team 8 Jan 2021 Olly Mann and The Week delve behind the headlines and debate what really matters from the…

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One of China’s first music-streaming sites is pulling the plug next month after 12 years of entertaining millions of listeners. Xiami Music will discontinue its services from Feb. 5 “due to operational adjustments,” the Alibaba-backed company said in a statement Tuesday. As of November, the streaming site had a database…