Alibaba Group Holding
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Baidu Launches $145 Million Venture Capital Fund for Startups Working on AI
Chinese search giant Baidu will set up a venture capital fund of CNY 1 billion ($145 million, or roughly Rs. 1,200 crore) to back startups focused on content generated by artificial intelligence applications, it said on Wednesday.
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China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
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Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure
Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced Saturday. Regulators this week announced that Ant had won approval to raise CNY 10.5 billion (roughly Rs. 12,300 crore) for its consumer finance arm in a further sign that authorities may be loosening their grip on the firm.
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Beijing Gives Initial Nod To Revive Ant IPO After Crackdown Cools: Report
China's central leadership has given billionaire Jack Ma's Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said.
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Alibaba Group Fined Record $2.75 Billion for Anti-Monopoly Violations in China
Alibaba Group helmed by billionaire Jack Ma has been fined $2.75 Billion in China for violating anti-monopoly rules and abusing its dominant market position. This is the highest ever antitrust fine imposed in the country.
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Jack Ma's Alibaba, Ant Under Scrutiny In China's Escalating Probe
China kicked off an investigation into alleged monopolistic practices at Alibaba Group Holding Ltd. and summoned affiliate Ant Group Co. to a high-level meeting over financial regulations, escalating scrutiny over the twin pillars of billionaire Jack Ma's internet empire.
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Mukesh Ambani's Jio Listing Can Profit from US-China Tech War
Petrochemicals czar Mukesh Ambani plans to list his fledgling digital business overseas, Bloomberg News reported Tuesday, citing people with knowledge of Jio Platforms Ltd.'s initial public offering, which is planned for the next 12 to 24 months.
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Alibaba Singles' Day Sales Hit $12 Billion Within First Hour
Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles' Day shopping blitz hit 84 billion yuan ($12 billion) within the first hour, up 22% from last year's early haul of 69 billion yuan.
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With $42 Billion, Jack Ma, Ex-Teacher, Steps Down As Alibaba Big Boss
Jack Ma is giving up the reins of Alibaba Group Holding Ltd. after presiding over one of the most spectacular creations of wealth the world has ever seen.
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Alibaba's Jack Ma Is A Communist Party Member, Says China's State Media
Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.
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China's Alibaba Likely To Surpass Walmart As World's Top Retailer
Chinese e-commerce giant Alibaba is expected to surpass the US multinational firm WalMart soon as the world's largest retail platform with its total trading volume this fiscal year set to exceed USD 463.3 billion, an official media reported today.
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China's JD.com Says Watchdog Accepts Request for Probe into Rival Alibaba's Practices
A Chinese regulator has formally accepted a request by JD.com, the country's second-biggest online retailer, to investigate its rival Alibaba Group Holding Ltd for possible unfair practices during promotions, JD.com's official microblog said today.
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Paytm Gets Fresh Funding From Alibaba, Ant Financial
Alibaba and Paytm disclosed the deal in a joint statement on Tuesday without saying how much it is worth.
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China's Alibaba Group Reports Media Blackmail Attempt to Police
Alibaba Group Holding Ltd, the Chinese e-commerce titan gearing up for a mammoth US initial public offering, has reported a blackmail attempt by a media organisation to police, the company said on its official microblog on Friday.
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Baidu Launches $145 Million Venture Capital Fund for Startups Working on AI
Chinese search giant Baidu will set up a venture capital fund of CNY 1 billion ($145 million, or roughly Rs. 1,200 crore) to back startups focused on content generated by artificial intelligence applications, it said on Wednesday.
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China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
-
Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure
Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced Saturday. Regulators this week announced that Ant had won approval to raise CNY 10.5 billion (roughly Rs. 12,300 crore) for its consumer finance arm in a further sign that authorities may be loosening their grip on the firm.
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Beijing Gives Initial Nod To Revive Ant IPO After Crackdown Cools: Report
China's central leadership has given billionaire Jack Ma's Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said.
-
Alibaba Group Fined Record $2.75 Billion for Anti-Monopoly Violations in China
Alibaba Group helmed by billionaire Jack Ma has been fined $2.75 Billion in China for violating anti-monopoly rules and abusing its dominant market position. This is the highest ever antitrust fine imposed in the country.
-
Jack Ma's Alibaba, Ant Under Scrutiny In China's Escalating Probe
China kicked off an investigation into alleged monopolistic practices at Alibaba Group Holding Ltd. and summoned affiliate Ant Group Co. to a high-level meeting over financial regulations, escalating scrutiny over the twin pillars of billionaire Jack Ma's internet empire.
-
Mukesh Ambani's Jio Listing Can Profit from US-China Tech War
Petrochemicals czar Mukesh Ambani plans to list his fledgling digital business overseas, Bloomberg News reported Tuesday, citing people with knowledge of Jio Platforms Ltd.'s initial public offering, which is planned for the next 12 to 24 months.
-
Alibaba Singles' Day Sales Hit $12 Billion Within First Hour
Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles' Day shopping blitz hit 84 billion yuan ($12 billion) within the first hour, up 22% from last year's early haul of 69 billion yuan.
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With $42 Billion, Jack Ma, Ex-Teacher, Steps Down As Alibaba Big Boss
Jack Ma is giving up the reins of Alibaba Group Holding Ltd. after presiding over one of the most spectacular creations of wealth the world has ever seen.
-
Alibaba's Jack Ma Is A Communist Party Member, Says China's State Media
Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.
-
China's Alibaba Likely To Surpass Walmart As World's Top Retailer
Chinese e-commerce giant Alibaba is expected to surpass the US multinational firm WalMart soon as the world's largest retail platform with its total trading volume this fiscal year set to exceed USD 463.3 billion, an official media reported today.
-
China's JD.com Says Watchdog Accepts Request for Probe into Rival Alibaba's Practices
A Chinese regulator has formally accepted a request by JD.com, the country's second-biggest online retailer, to investigate its rival Alibaba Group Holding Ltd for possible unfair practices during promotions, JD.com's official microblog said today.
-
Paytm Gets Fresh Funding From Alibaba, Ant Financial
Alibaba and Paytm disclosed the deal in a joint statement on Tuesday without saying how much it is worth.
-
China's Alibaba Group Reports Media Blackmail Attempt to Police
Alibaba Group Holding Ltd, the Chinese e-commerce titan gearing up for a mammoth US initial public offering, has reported a blackmail attempt by a media organisation to police, the company said on its official microblog on Friday.
