Alibaba

Jack Ma had accused China's banks of harbouring a "pawnshop mentality". Within days Ant's US$37 billion initial public offering was cancelled by regulators in November Author of the article: Financial Times Ryan McMorrow and Tom Mitchell Publishing date: Dec 31, 2020  •   •  4 minute read Jack Ma has long…

About a year before Beijing suspended Ant Group’s monster IPO, the Communist Party’s official mouthpiece broadcast a stark message to Jack Ma, founder of the Alibaba tech empire that launched the fintech giant. “There is no so-called Ma Yun era, but only an era that has Ma Yun in it…no…

BEIJING (AP) - China’s market regulator on Thursday fined JD.com Inc., a unit of Alibaba Group and a third e-commerce outlet on charges of misreporting prices and other offenses amid a campaign to tighten official control over the booming industry. The ruling Communist Party encourages e-commerce and other online industries…

Chinese billionaire Zhong Shanshan made more than $70 billion in 2020 to become the new richest person in Asia, Richard Macauley and Venus Feng reported for Bloomberg. Shanshan's net worth is estimated at $77.8 billion, making him the 11th-richest person in the world right behind Oracle cofounder Larry Ellison.  The 66-year-old…

Beijing’s antitrust probe into Alibaba and Ant Group did not just shot down what could have been the world’s largest-ever market debut, it also stirred up a quick barrage of coverage on the whirlwind that still engulfs the largest Chinese internet company by valuation.  However, much of the media coverage,…

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…