Alibaba

Saudi Arabia Signs MoUs With IBM, Alibaba, Huawei on AI

Reuters | Friday October 23, 2020

The Saudi Authority for Data and Artificial Intelligence on Thursday signed memorandums of understanding with IBM, Alibaba and Huawei in areas of artificial intelligence (AI) at a summit in the kingdom, state news agency SPA said.

Alibaba Acquires Majority Stake in Chinese Supermarket Chain Sun Art

Reuters | Monday October 19, 2020

The Alibaba Group said it will invest $3.6 billion to boost its stake in hypermarket operator Sun Art Retail Group, gaining further ground in China's retail market. Alibaba, which already owned 21 percent of Sun Art through a unit, will raise its stake to around 72 percent through the acquisition of a similar stake in A-RT Retail Holdings, who owns...

Ant Group, Tencent Payment Platform Restrictions Being Explored by the US: Report

Reuters | Thursday October 8, 2020

The United States is considering restrictions on China's Ant Group as well as Tencent over concerns their digital payment platforms threaten national security, Bloomberg News reported on Wednesday.

Paytm President Says India's Secondary Listing Plan Would Be Undue Burden

Reuters | Wednesday September 23, 2020

India's potential plan to compel companies to do a secondary listing on an Indian stock exchange if they opt to first list on an overseas bourse would unfairly penalise Indian firms, according to a senior executive at fin-tech company Paytm.

Big Tech’s India Plans Can’t Seem to Bypass Reliance

Ari Altstedter, Bloomberg | Monday September 14, 2020

The world’s biggest tech companies are clamouring for a larger piece of India’s booming Internet space, but that increasingly seems to mean going through the country’s richest man, Mukesh Ambani. Ambani’s Reliance Industries Ltd. is said to be offering to sell a stake of about $20 billion in its retail business to Amazon.com, Bloomberg News...

China's Commerce Ministry Strongly Condemns India Ban on Chinese Mobile Apps

Reuters | Thursday September 3, 2020

China's commerce ministry said on Thursday it strongly opposed India banning Chinese mobile apps. Indian actions violate the legal interests of Chinese investors and services providers and China asks India to correct its mistakes, commerce ministry spokesman Gao Feng told a briefing.

Alibaba Said to Put India Investment Plan on Hold Amid China Tensions

Reuters | Thursday August 27, 2020

Alibaba has put on hold plans to invest in Indian companies, two sources aware of the plans said, amid souring business relations and rising political tension between China and India after a clash on their Himalayan border.

Alibaba's Ant Group Files for Blockbuster Hong Kong, Shanghai Dual Listing

Reuters | Tuesday August 25, 2020

Ant Group, Alibaba's fintech arm and China's dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai's Nasdaq-style STAR Market on Tuesday and could raise as much as $30 billion in what would be the world's largest IPO.

Alibaba-Backed Best To List Delivery Business In Hong Kong: Report

Business | Reuters | Wednesday August 12, 2020

Best has tapped Credit Suisse and JPMorgan to lead the listing process, according to sources

World's Hottest Stock, Up By 880%, Is A Money-Losing Tech Giant

Business | Yoolim Lee, Bloomberg | Thursday August 6, 2020

Swelling optimism that loss-making Sea may one day become both the Tencent and Alibaba of Southeast Asia has boosted its New York-listed shares by more than 880 per cent in the past 18 months.

Government Said to Widen Chinese App Ban to Include More From Xiaomi, Baidu

Reuters | Wednesday August 5, 2020

India has banned some mobile apps of Chinese companies such as Xiaomi Corp and Baidu, three sources told Reuters on Wednesday, in New Delhi's latest move to hit Chinese companies following a border clash between the neighbours.

Tencent Offers to Buy Out Chinese Search Engine Sogou in Over $2-billion Deal

Agence France-Presse | Tuesday July 28, 2020

Tencent has offered to buy search engine Sogou in a deal worth over $2 billion (roughly Rs. 14,970 crores), sending the latter’s share price soaring 48 percent in New York.

Alibaba, Jack Ma Summoned By Gurgaon Court On Ex-Employee's Complaint: Report

India News | Reuters | Sunday July 26, 2020

A Gurgaon court has summoned Chinese company Alibaba and its founder Jack Ma in a case filed by a former employee who alleges he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps.

Alibaba, Jack Ma Summoned by Indian Court on Former Employee's Complaint

Reuters | Sunday July 26, 2020

An Indian court has summoned Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps, documents seen by Reuters showed.

Alibaba Cloud Helps Chinese Students, Foreign Schools Scale Great Firewall

Reuters | Friday July 24, 2020

China’s Alibaba Group plans to help local students as well as foreign universities skirt the country’s strict Web controls. The nation’s Great Firewall not only blocks websites deemed sensitive by the government, but also slows loading speeds of overseas sites.