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Alibaba

Jack Ma is the poster child of Chinese tech. Why is Beijing reining him in—again? Alibaba

Jack Ma is the poster child of Chinese tech. Why is Beijing reining him in—again?

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bubmag
November 7, 2020
Alibaba tests extended 11.11 shopping festival amid increasing competition Alibaba

Alibaba tests extended 11.11 shopping festival amid increasing competition

Chinese e-commerce company Alibaba (NYSE: BABA) has extended its annual one-day promotion to four days in November to boost sales in the first 11.11 festival since the COVID-19 pandemic. Alibaba revealed to KrASIA that 100 brands, including Nike, Adidas, Huawei, Apple, and Perfect Diary have achieved gross merchandise volume (GMV)…
bubmag
November 6, 2020
Bellator 251 results: Corey Anderson manhandles Melvin Manhoef for second-round finish Alibaba

Bellator 251 results: Corey Anderson manhandles Melvin Manhoef for second-round finish

There was no need for overtime in Corey Anderson’s Bellator debut as he manhandled Melvin Manhoef en route to a bloody, second-round TKO at Bellator 251. Aided by a noticeable size advantage, Anderson exploited longtime kickboxer Manhoef’s most obvious deficit with takedowns. Once on the canvas, he held half-guard and…
bubmag
November 6, 2020
Steve Bannon’s show pulled off Twitter and YouTube over calls for violence Alibaba

Steve Bannon’s show pulled off Twitter and YouTube over calls for violence

Former presidential advisor and right-wing pundit Steve Bannon had his show suspended from Twitter and an episode removed by YouTube after calling for violence against FBI director Christopher Wray and the government’s leading pandemic expert, Dr. Anthony Fauci. Bannon, speaking with co-host Jack Maxey, was discussing what Trump should do…
bubmag
November 6, 2020
Media Losses Narrow as Booming Alibaba Scores $4 Billion Quarterly Profits Alibaba

Media Losses Narrow as Booming Alibaba Scores $4 Billion Quarterly Profits

(Variety) Losses narrowed at the digital entertainment and media activities of Chinese e-commerce giant Alibaba in the second quarter of its financial year. Results at group level underline how far the China has already recovered since the COVID-19 pandemic and how far the rebound has favored the digital economy.Alibaba reported a…
bubmag
November 5, 2020
Jack Ma sees $3 billion erased from his net worth as Alibaba shares tank following Ant Group IPO delay Alibaba

Jack Ma sees $3 billion erased from his net worth as Alibaba shares tank following Ant Group IPO delay

Wang HE/Getty Images Jack Ma lost about $3 billion of his wealth on Tuesday after it was revealed that the Ant Group IPO would be delayed.Regulators in Shanghai and Hong Kong have suspended the highly anticipated IPO, which attracted $3 trillion in bids and was set to be the largest…
bubmag
November 4, 2020
Ant Group IPO suspended after Jack Ma criticizes regulators Alibaba

Ant Group IPO suspended after Jack Ma criticizes regulators

The regulatory changes likely refer to new microlending restrictions, announced earlier yesterday by The People’s Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC). Sources told Reuters that regulators had told Ant “to properly comply with the new micro-lending rules.” These regulations were expected to “severely hurt” the…
bubmag
November 3, 2020