Alibaba

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter and fiscal year ended March 31, 2020. “Alibaba achieved the historic milestone of US$1 trillion in GMV across our digital economy this fiscal year,” said Daniel Zhang,…

Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence. In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over…

Now the Japanese technology group hopes a tech rally will boost its huge but underperforming startup fundSHARES IN SOFTBANK, a Japanese conglomerate, have gained almost 70% in value since mid-March, more than twice as much as Tokyo’s Nikkei stockmarket index. One big reason is $23bn in share buy-backs, announced in…

SoftBank reported an annual net loss of ¥962bn ($8.8bn), mostly because of bad investments its Vision Fund made in WeWork, Uber, Didi and other tech firms. The Japanese conglomerate might not pay a dividend to shareholders for the first time since becoming a public company in 1994. Jack Ma, the…

American Chamber of Commerce in Shanghai President Ker Gibbs. American Chamber of Commerce in Shanghai Chinese listings in the U.S. have benefitted China as well as American investors, and any changes in listing laws should be equally applied to all countries, American Chamber of Commerce Ker Gibbs said today.  "We…

A Huawei employees boards a shuttle train at a station of the Huawei Euopean-themed campus in Shenzhen in China's southern Guangdong province on May 19, 2020 Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the…

Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence. In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over…

New York (CNN Business)SoftBank is often described as the Berkshire Hathaway of tech. That was once a flattering comparison. But the investing track records for the Japanese firm run by Masayoshi Son and Berkshire's Warren Buffett have soured lately.SoftBank (SFTBF) has been hit hard by the huge drop in the…

Bilibili staff gathered at the company's initial public offering at the Nasdaq MarketSite in New... York on March 28, 2018. Photographer: Michael Nagle/Bloomberg © 2018 Bloomberg Finance LP China streaming site Bililbili has added a second billionaire among its leaders after the company's Nasdaq-traded shares rose to a record on…

SoftBank’s First Vision Fund May Be Its Last After $18 Billion Loss(Bloomberg) -- Before the meltdown at WeWork and the outbreak of the coronavirus pandemic, Masayoshi Son said he would like to raise a new Vision Fund every two to three years after his initial $100 billion fund. Now the…