Alibaba

Singapore has finally unveiled four successful bidders for its digital bank licences, one fewer than the five it was expected to issue. Alibaba's Ant Group, joint bidders Singtel and Grab, as well as internet services company Sea have each snagged a licence, and are expected to begin operations from early-2022. The…

A year into China’s big bang opening of its financial markets, Wall Street has ever more to lose from a growing consensus in Washington over reining in Beijing. It’s a risk they’re willing to take. A star-studded cast of global banks and fund houses have increased their presence in China…

State-run Chinese TV network CGTN called the passage of the bill a “new high in U.S. anti-China hysteria.” The Securities and Exchange Commission (SEC) has been working on a similar proposal that the Wall Street Journal reported in November would put the responsibility on stock exchanges to require audit inspection compliance from…

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…