Alibaba Shares

Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...

SoftBank Group Corp on Wednesday said it will book a gain of 4.6 trillion yen ($34.08 billion) after settling prepaid forward contracts using shares in Alibaba Group Holding, reducing its stake to 14.6% from 23.7%.

Alibaba shares sank on Friday after a report said the tech giant's executives had been called in for meetings with Chinese officials over the theft of a vast police database.

Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.

Google Cloud will start to adopt Arm-based computing chips, joining a transition that takes away market share from leaders Intel and Advanced Micro Devices (AMD). The company said its new offering will be based on Ampere's "Altra" chips. Ampere is a chip firm founded by former Intel executives and boasts clients such as Microsoft and Oracle.

Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.

Paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, says the central bank will allow it to resume taking on new customers in the next few months.

Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth.

Softbank’s Vision Fund has taken a $10 billion hit from a decline in share prices of its portfolio companies and China's regulatory crackdown on tech firms.

Paytm is said to have received market regulator SEBI’s approval for its proposed Rs. 16,600 IPO, which will be the biggest in India to date.

China’s Ministry of Industry and Information Technology (MIIT) has asked tech giants such as Tencent, ByteDance, and Alibaba to stop blocking links rivals links on their digital platforms.

Chinese regulators issued a lengthy set of draft regulations for the Internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the country's powerful tech companies.

Paytm, which counts China's Alibaba and Japan's SoftBank as backers, will sell new shares and will also have an option to retain an over-subscription of up to one per cent

Alibaba posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country's market regulator.

The full implications of Beijing’s rapid-fire moves against Jack Ma’s Internet empire in recent days won’t be apparent for weeks, but one lesson is already clear: the glory days for China’s technology giants are over.

Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...

SoftBank Group Corp on Wednesday said it will book a gain of 4.6 trillion yen ($34.08 billion) after settling prepaid forward contracts using shares in Alibaba Group Holding, reducing its stake to 14.6% from 23.7%.

Alibaba shares sank on Friday after a report said the tech giant's executives had been called in for meetings with Chinese officials over the theft of a vast police database.

Alibaba is said to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70. The company reportedly plans to cut over a third of staff in its in-house deals team after Beijing's sweeping regulatory crackdown. The job cuts mainly involve mid-level and senior people, informed sources.

Google Cloud will start to adopt Arm-based computing chips, joining a transition that takes away market share from leaders Intel and Advanced Micro Devices (AMD). The company said its new offering will be based on Ampere's "Altra" chips. Ampere is a chip firm founded by former Intel executives and boasts clients such as Microsoft and Oracle.

Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.

Paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, says the central bank will allow it to resume taking on new customers in the next few months.

Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth.

Softbank’s Vision Fund has taken a $10 billion hit from a decline in share prices of its portfolio companies and China's regulatory crackdown on tech firms.

Paytm is said to have received market regulator SEBI’s approval for its proposed Rs. 16,600 IPO, which will be the biggest in India to date.

China’s Ministry of Industry and Information Technology (MIIT) has asked tech giants such as Tencent, ByteDance, and Alibaba to stop blocking links rivals links on their digital platforms.

Chinese regulators issued a lengthy set of draft regulations for the Internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the country's powerful tech companies.

Paytm, which counts China's Alibaba and Japan's SoftBank as backers, will sell new shares and will also have an option to retain an over-subscription of up to one per cent

Alibaba posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country's market regulator.

The full implications of Beijing’s rapid-fire moves against Jack Ma’s Internet empire in recent days won’t be apparent for weeks, but one lesson is already clear: the glory days for China’s technology giants are over.