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Just weeks before the end of the current U.S. administration, authorities are reportedly discussing the expansion of a blacklist of companies linked to China’s military with the inclusion of major tech giants, Alibaba and Tencent. Discussions considering the…
Once the poster boy for a new generation of multi-billionaire Chinese business and tech leaders, Alibaba founder Jack Ma’s fortunes have taken a serious dip in the last three months. Since a controversial speech in China in October 2020, where he lamented the…
China’s move to draft rules aimed at preventing monopolistic behavior by Internet platforms is “timely and necessary”, Alibaba Group CEO Daniel Zhang said on Monday (Nov 23). Speaking at the World Internet Conference, Zhang said Chinese Internet companies…
Singles Day on Nov. 11 is an unofficial Chinese holiday. The holiday has surpassed Cyber Monday as the largest online shopping day of the year globally. What Happened: Alibaba Group Holding owns the trademark to Singles Day and is the largest participating…
Alibaba Group beat third-quarter revenue estimates, driven by e-commerce growth after China emerged from coronavirus lockdowns, and said it was assessing the suspension of its affiliate Ant Group’s listing. China’s surprise suspension of Ant Group’s planned…
Alibaba Group Holding Ltd 9988.HK is in advanced talks to invest nearly $300 million in online luxury fashion retailer Farfetch Ltd FTCH.N, the Information reported on Monday, citing people familiar with the matter. Shares of London-based Farfetch jumped…
Alibaba Group Holding Ltd. will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd., taking control of China’s largest chain of hypermarts to try and fend off rivals like JD.com Inc. in e-commerce’s hottest growth arena. Alibaba will…
Taiwan on Monday gave the domestic branch of Alibaba Group Holding Ltd’s e-commerce site Taobao six months to re-register as a Chinese investment rather than a foreign one, or leave, in the government’s latest shot against Chinese firms. Amid growing…
Chinese tech giant Alibaba has agreed to form a joint venture (JV) with Swiss duty-free group Dufry, as Chinese shoppers’ appetite for overseas luxury goods seemed unfettered by the pandemic. It also announced that it would acquire an up to 9.99 percent stake…
The banking software company is joining up with the Chinese internet giant on cloud-based services. The deal opens a huge new potential market for Geneva-based Temenos: it is joining Alibaba’s cloud services, the company said in a statement on Thursday. In…
The Chinese e-commerce giant is in talks with Singapore-based ride-hailing and payments firm Grab over a potential $3 billion investment into the company. Part of the funds will be used to purchase Grab stock held by Uber, which acquired 23.2 percent of the…
Attracted by a massive database of customer behavior spanning eight countries, Chinese tech giant Alibaba is said to be on the brink of investing US$3 billion into Grab Holdings. With its origins as a ride-hailing company Grab has expanded into an…
Alibaba.com, the global B2B e-commerce platform of Alibaba Group, launched a landmark initiative Monday to help companies in Vietnam go online and reach an enormous pool of qualified global buyers. As an international extension of the 2020 Spring Thunder…
Chinese e-commerce giant Alibaba Group’s revenue soared 34 percent to US$21.762 billion in the June quarter as the company emerged strongly from the impact of the Covid-19 pandemic in its home market. “Our domestic core commerce business has fully recovered…
Alibaba-backed Best Inc is seeking a Hong Kong listing for its express delivery and freight delivery businesses, keen to boost its valuation and establish an investor base closer to China, said three sources with knowledge of the matter. The plans by Best,…
Starbucks Coffee is introducing its own mobile order and payment system in the Mainland Chinese market as a feature on Alibaba platforms Taobao, Amap, Koubei, and Alipay. The Starbucks Now (“Fei Kuai”) service can be used by Starbucks customers to pre-order…
