Alibaba

2020 was a wild year for MMA that feels like it lasted a lifetime. With all the action that took place over the year, it’s hard to remember what took place. This series looks to help out with that, providing an overview on what happened in each weight class, and…

Tech pioneer Jack Ma is facing new regulatory pressure from the Chinese authorities – is this some ideological spat, or simply that he's too good at what he does compared to the state-owned financial system? By Tim Worstall, Adam Smith Institute Published: 06 Jan 2021 Chinese tech entrepreneur Jack Ma…

HONG KONG (Reuters) - China’s Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month, four people with knowledge of the matter said, amid regulatory scrutiny of co-founder Jack Ma’s empire. FILE PHOTO: The logo of Alibaba Group is…

After reports speculating about Alibaba founder Jack Ma's whereabouts, CNBC's David Faber reported Tuesday that the billionaire is not missing, according to a person familiar with the matter. Instead, Ma has been lying low for the time being, Faber reported. Outlets including The Wall Street Journal reported this week that…

Alibaba founder Jack Ma is not missing following speculation about his whereabouts, CNBC reported Tuesday. Ma is reportedly "lying low for the time being" as the Chinese Communist Party cracks down on Alibaba and Ma's financial tech firm, Ant Group. Over the weekend, Yahoo Finance reported that Ma had been…

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(Reuters) Alibaba Group will close its music streaming platform Xiami Music next month, in a move that marks a step back from its ambitions to push into China’s entertainment industry.“Due to operational adjustments, we will stop the service of Xiami Music,” the online music arm of the Chinese e-commerce giant…

Using Xiami was once synonymous with having good music taste in China. The music app, which debuted around 2008 and was acquired by Alibaba in 2013, is discontinuing its streaming service today, Xiami said in a notice to users. Xiami, which means “small shrimp” in Chinese, was once known for…

(Source: Weibo) Following rumors of a shutdown in November, Alibaba-backed Xiami Music (虾米音乐) released a statement on Jan. 5 announcing plans to close in February due to a business reshuffling. SEE ALSO: Is Alibaba’s Music Streaming Platform Xiami Shutting Down? Xiami will stop offering memberships and album purchasing services today,…

What happened: Speculation is growing as to the location of China’s renowned multibillionaire Jack Ma. Since October, Alibaba Group has been clashing with China’s regulators due to Ma’s outspoken criticism of the government, which resulted in a halt to the public offering of his $35 billion-company, Ant Group. According to…