Alibaba

Trending 12/20/22, 15:25

Jack Ma or Ma Yun, the founder of Chinese tech giant Alibaba, we recently learned is living a reclusive life in Japan. Alibaba Cloud computing, a cloud computing service provider under the Alibaba Group, experienced a hardware failure that affected not only the OKX cryptocurrency trading platform with the sender's ...

Economy 08/23/22, 19:14

The two Chinese tech giants, Alibaba and Tencent are experiencing sluggish sales for the first time after regularly talking to investors about innovation and new products in Financial Report Announcement meetings. However, the meeting turned to another topic - how to reduce costs.  Recently, Alibaba and Tencent announced their second-quarter results. According ...

Economy 08/03/22, 03:15

Expectations are high that earning data for the second quarter of China’s tech tyrants will hit a nadir as the sector continues to weather more regulatory crackdowns and blows from the country’s pandemic labyrinth.  According to a report by Nikkei Asia on August 1, analysts surveyed by Refinitiv are looking for ...

Economy 07/30/22, 01:50

As the Wall Street Journal reported on July 28, Alibaba founder Jack Ma will pass over his fintech giant Ant Group.  Sources told the outlet Ma might relinquish control by giving some of his voting authorities to Ant executives, such as Chief Executive Eric Jing. He may also transfer some of ...

Disasters 07/28/22, 03:43

According to Wall Street Journal, seven Ant Group's top executives have stepped down as partners and are no longer part of Alibaba Partnership. Ant Group's executives stepping down include CEO Eric Jing, its chief technology officer, chief people officer, and other top executives.  The move is the latest decoupled action from the ...

Economy 02/23/22, 16:53

According to Reuters, the regulatory authorities have ordered state-owned companies to give information on their equity investments, asset-backed securities exposure, and Ant group loans. The move made a wave of sell-off Alibaba shares on Tuesday as Alibaba held 1/3 shares in Ant Group. Alibaba Group shares dropped 5.3 percent before ...

Economy 02/16/22, 11:20

On Feb. 14, India's Economic Times reported that The Indian government had banned many apps from mainland China three times before, and now it has issued a new ban on more than 54 Chinese apps from listing in India.  On Monday Feb. 14, Google said it temporarily blocked the access of ...

China 12/16/21, 21:32

The Alibaba female employee who accused her boss of rape has been dismissed.  In an email sent to the employee on Nov. 25, Alibaba said it terminated her because she was "Publishing or spreading false statements outside, or knowingly fabricating, spreading fictitious facts, or spreading unverified news, causing harm and is ...

China 12/15/21, 20:00

The famous Chinese technology Ziguang Group announced the results of the chosen finance organization for Ziguang’s restructuring and bankruptcy process on Dec. 10. Alibaba offered a $200 billion bid on taking over Ziguang, which was rejected, as were proposals from other financial organizations. The final decision went to the offers of ...

China 12/14/21, 21:17

SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo, and focuses on investment management. The Group primarily invests in companies operating in the technology, energy, and financial sectors. SoftBank has reported losses due to its investment in Chinese firms like Alibaba and DiDi Chuxing, the Chinese ...

China 12/08/21, 15:42

The whereabouts of Jack Ma, the founder of Alibaba, continue to be a mystery to the public. The last time he was seen in public was a month ago in Europe. At the end of October this year, the Hong Kong press reported that Jack Ma had arrived in Hong Kong ...

China 12/07/21, 15:32

U.S.–listed Chinese concept stocks plummeted on Friday, Dec. 3. The total market value quickly evaporated $108.3 billion after the U.S. imposed the Holding Foreign Companies Accountable Act (HFCAA). The Securities and Exchange Commission (SEC) announced that they had approved revisions to the HFCAA's final rule on Thursday. The rule required China's stock companies ...

Tech 11/20/21, 03:07

According to Reuters, China's market regulator on Saturday, Nov. 20, said it was fining companies including Alibaba, Baidu, and JD.com for violating anti-monopoly legislation, by not declaring 43 deals that date as far back as 2012 to authorities. Each enterprise involved in the cases would be fined $78,000, it said, the ...

Tech 10/18/21, 19:40

Two Chinese technology groups Alibaba Group Holding and Tencent Holdings had begun allowing each side's application ecosystem to exchange, ending the time when each technology company had a monopoly in its world. Chinese media reports that Alibaba services such as food delivery platform Ele.me and video streaming site Youku Tudou now ...

China 09/28/21, 20:22

A communist dictatorship forced a multinational e-commerce company into making a very unprofitable transaction on Sept. 23. The Chinese Communist Party (CCP) allegedly pressured Alibaba Group into disposing its shares in Mango Excellent Media (MEM), swiftly ending the company's first class-A shareholding. "[MEM received] a letter of recommendation on a request to ...

China 08/08/21, 18:15

Alibaba Group Holding Ltd. confirmed on Sunday, August 8, that it had disciplined several employees linked to allegations of sexual misconduct reported by a female staff member. “We have suspended relevant parties suspected of violating our policies and values, and we have established a special internal task force to investigate the ...

World 05/22/21, 18:52

Chinese car manufacturer SAIC launched an SUV on the local market that comes equipped with an app created by Alibaba for users to 'study the thinking of Xi' the current leader of the Chinese Communist Party, which is directly linked to China's 'social credit system' where users add or lose ...

Politics 04/03/19, 10:26

President Donald Trump is signing a presidential memorandum aimed at curbing what the administration is calling the "Wild West" of online trafficking in counterfeit goods. The memorandum is aimed at stopping the sale of counterfeit products on sites like Amazon, Ebay and China's e-commerce leader, Alibaba. Peter Navarro directs the White House ...

Business 03/04/19, 14:07

Office Depot and Alibaba.com are creating a co-branded online store to expand the reach of both companies with small and medium size businesses.The two companies announced the agreement Monday as part of a broader array of services they are providing to small business. Over time, the companies intend to help ...