Alibaba

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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)…

The tie-up also involves Alibaba and Richemont each investing US$250 million in Farfetch China in exchange for a combined 25% stake in a new joint venture.Read More

Rising star Inder Bassi is ready to unleash nine months of frustration when he goes up against Jack Martin on Wednesday’s action-packed MTK Fight Night. Advertisements Unbeaten fighters will collide when Bassi (2-0) faces Martin (3-0) on the huge show at Production Park Studios in Wakefield next week, live in…

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…

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…

(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…

A Meituan food delivery driver picks up an order on Oct. 19, 2019 in Beijing. (Image credit: TechNode/Coco Gao) Chinese food delivery giant Meituan is mulling a secondary listing on the mainland. Alibaba is planning to invest $300 million in Farfetch, the UK-based online luxury retailer that has been expanding…

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…

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…