Alibaba

Ant Group says news of selling its 30% stake in Paytm untrue According to Reuters, Ant Group is considering selling a 30% stake in Paytm, India’s largest mobile payment and commerce platform. The consideration was partly due to tightened Indian policy toward Chinese tech firms. Ant Group responded on Twitter…

A spat over Chinese firms listed in AmericaFOR 18 YEARS American regulators have implored Beijing to let them inspect the China-based auditors of Chinese companies listed on America’s stock exchanges. Dream on, China’s Communist regime responded, citing sovereignty and national security. On December 2nd Congress had had enough. The House…

The move could hit companies such as Alibaba, tech firm Pinduoduo Inc and oil giant PetroChina Co Ltd TopicsDonald Trump | Auditing | Alibaba Reuters  |  Washington  Last Updated at December 3, 2020 17:18 IST File photo of US President Donald Trump | Photo: AP/PTI U.S President Donald Trump is expected to sign a…

Residents of Shenzhen will see truly driverless cars on the road starting Thursday. AutoX, a four-year-old startup backed by Alibaba, MediaTek and Shanghai Motors, is deploying a fleet of 25 unmanned vehicles in downtown Shenzhen, marking the first time any autonomous driving car in China tests on public roads without…

Xinhua Zhiyun, a technology company that uses AI technology to facility media content creation backed by Alibaba and Xinhua News Agency, has found more applications of its platform. The firm, jointly invested by Xinhua News Agency and Alibaba in 2017, has been developing products for 3 years. It recently launched…

The Alibaba-backed firm hasn't launched a formal sale process and financial details of the potential deal have yet to be finalized.Read More

Alibaba Launches New Movie Brand to Diversify Portfolio Alibaba Culture and Entertainment Group — the showbiz arm of Alibaba has recently announced its plan to establish a new brand called “Surprise Works” that will focus on the productions of independent film projects. Expected to grow into a Chinese equivalent of…

Tata Group, the Mumbai-headquartered USD 113 billion conglomerate is close to buying 80% stake in e-grocer BigBasket for USD 1.3 billion after five months of negotiations. The deal, which is expected to be a combination of the primary and secondary share sale, values BigBasket at around USD 1.6 billion, said…

Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What…

Xiami’s management hasn't made an official announcement in response to the rumors about its closure.Read More