Alibaba

The Ant Group IPO suspension is one of the biggest stories of 2020. TechNode editors have selected this article as one of our favourite longform analyses. Let us know if you would like to see more content like this. Timeline Aug. 25: Ant Group files for IPO on the Hong…

The news: While the US has been hooked on its election, China has been shopping. From November 1 to 11, the country's top e-commerce giants, Alibaba and JD, generated $115 billion in sales as part of their annual Singles’ Day shopping bonanza. Alibaba, which started the festival in 2009, accounted…

Senior government leaders were furious about criticisms Jack Ma made of regulators; rebuke was the result of years of strained relations.Senior government leaders were furious about criticisms Jack Ma made of regulators; rebuke was the result of years of strained relations.This article is exclusive to Biznews Premium. Members please login here. Not…

ByteDance to deepen e-commerce operations in direction competition with Alibaba ByteDance is considering new adjustments to its e-commerce business. The commercialization department’s "e-commerce diversion" business and the e-commerce advertising business "Luban e-commerce" plan to further integrate with the first-level e-commerce department. At the same time, ByteDance puts the e-commerce business…

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A screenshot showing Alibaba's headquarters in the eastern Chinese city of Hangzhou during Singles Day 2020. (Image credit: TechNode) Chinese e-commerce giants including Alibaba and JD.com have announced new record-breaking sales for Singles Day, the 11-day shopping extravaganza that ended Wednesday at midnight. Why it matters: Singles Day, typically a…

 Alibaba sales for its post-COVID-19 Singles’ Day shopping extravaganza hit $74 billion, a haul that was overshadowed by a 10% drop in its shares on Wednesday after China published draft anti-trust rules aimed at internet platforms. The world’s biggest sales event – eclipsing Black Friday and Cyber Monday in the United…

What Happened: In a surprise move, Beijing has begun to regulate big tech — and the ramifications are already being felt. Domestic conglomerates such as Alibaba, Tencent, and Meituan have had billions wiped-out in light of these new antitrust guidelines. The crackdown will address transparent pricing of products, unfair competition,…

GMV as of 12:30am CST 11 November 2020 Image: Alibaba Alibaba Group kicked off the main event for its annual 11.11 Global Shopping Festival at midnight local time on Wednesday, with hopes of exceeding the $38 billion in sales it clocked up last year. 30 minutes into November 11, total…

Chinese technology companies have lost almost $290bn in market value over two days after the government launched new antitrust rules.The tech-heavy ChiNext index in Shenzhen fell 3.3 per cent and Shanghai’s Star 50 index dropped 3.2 per cent on Wednesday after a top official with the China Banking and Insurance…