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Page 5 - Latest Updates on Jack Ma

Top headlines: Govt invites farmers for talks, China pins down Ant Group

Business Standard brings you top news of the evening

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Updated On : 28 Dec 2020 | 6:00 PM IST

Alibaba antitrust fears drive $200 billion Chinese tech selloff

Alibaba and its three largest rivals -- Tencent Holdings Ltd., food delivery giant Meituan and JD.com -- have shed nearly $200 billion over two sessions since Thursday

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Updated On : 29 Dec 2020 | 1:18 AM IST

How Jack Ma's $280 billion unicorn Ant Group just had its legs broken

While Ant's origin story comes from the ubiquitous Alipay service that piggybacked off the success of Alibaba's expanding e-commerce empire, the real money was to be made on all the extras

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Updated On : 28 Dec 2020 | 12:43 PM IST

China pushes Ant Group overhaul in latest crackdown on founder Jack Ma

China's central bank disclosed it had asked Ant Group to shake up its lending and other consumer finance operations, the latest blow to its billionaire founder and controlling shareholder Jack Ma

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Updated On : 28 Dec 2020 | 7:03 AM IST

Alibaba Group increases share repurchase programme to $10 billion

Alibaba Group Holding said on Sunday its board has authorised an increase in the company's share repurchase programme to $10 billion from $6 billion

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Updated On : 28 Dec 2020 | 6:31 AM IST

China orders Jack Ma's Ant Group to return to roots in payments services

The central bank summoned Ant executives over the weekend and told them to "rectify" the company's lending, insurance and wealth management services

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Updated On : 28 Dec 2020 | 2:03 AM IST

Ant turning from windfall to nightmare for its global investors

Authorities berated Ant for sub-par corporate governance, disdain toward regulatory requirements, and engaging in regulatory arbitrage

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Updated On : 27 Dec 2020 | 8:45 PM IST

China orders Ant to return to its roots in payments services

The series of edicts represent a serious threat to the expansion of Ma's online finance empire

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Updated On : 27 Dec 2020 | 2:44 PM IST

With Alibaba investigation, China gets tougher on technology firms

China has produced its own crop of powerful internet titans, and they have been celebrated as icons of the nation's technological advancement.

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Updated On : 26 Dec 2020 | 3:52 AM IST

Key events behind China's probe into Alibaba for monopolistic behaviour

China has launched an investigation into Alibaba Group for suspected monopolistic behaviour in the latest blow for Jack Ma's e-commerce and fintech empire

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Updated On : 24 Dec 2020 | 3:42 PM IST

Beijing should look within: Jack Ma's Alibaba is China's own creation

Alibaba's 20-year rise to supremacy is due in no small part to government policies, which protected and coddled the now-booming internet sector

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Updated On : 24 Dec 2020 | 10:14 PM IST

China launches probe into Jack Ma's Alibaba over monopoly allegations

Regulators said separately they've summoned affiliate Ant Group Co. to a meeting intended to promote fair competition and consumer rights

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Updated On : 25 Dec 2020 | 1:57 AM IST

This hottest India internet stock is surging on back of startup investments

Info Edge India climbed to a record on Tuesday and is the top gainer this month on the National Stock Exchange's 10-member IT index. The company runs Naukri.com, nation's leading job-hunting platform

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Updated On : 18 Nov 2020 | 10:20 PM IST

Xi cracks the whip on everything to strengthen party grip on China

And right now they revolve around the convergence of technology, finance and Hong Kong

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Updated On : 16 Nov 2020 | 4:35 PM IST

Chinese President Xi Jinping decided to halt Ant's $37-billion IPO: Report

China's President Xi Jinping personally decided to pull the plug on Ant Group's $37-billion (£28 billion) IPO, the Wall Street Journal reported, citing officials with the knowledge of the matter

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Updated On : 13 Nov 2020 | 11:53 AM IST

Chinese President Xi Jinping pulled the plug on Jack Ma's Ant IPO: Report

The decision to stop what would have been the world's largest ever IPO, came days after the fintech giant's billionaire founder Jack Ma launched a public attack on the country's financial watchdogs

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Updated On : 13 Nov 2020 | 2:05 AM IST

Alibaba, JD.com say US was top seller to China during Singles' Day event

Alibaba and JD.com said the US was the top seller of goods to China during the Singles' Day shopping extravaganza that generated about $116 billion in merchandise volume for the pair

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Updated On : 12 Nov 2020 | 11:12 AM IST

China's clampdown on big tech puts more billionaires like Jack Ma on notice

Wednesday's selloff sent Alibaba shares down 7%, while analysts estimated that Ant's $280 billion valuation could be cut in half due to stricter regulations. Both companies were co-founded by Jack Ma

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Updated On : 11 Nov 2020 | 9:12 AM IST

Alibaba launches China's Singles' Day shopping event, to boost economy

This year's online shopping extravaganza also comes a week after Alibaba lost almost $76 billion of its market value

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Updated On : 11 Nov 2020 | 7:51 AM IST

Chinese banks biggest winners from new regulations that botched Ant IPO

Merchants Bank, known as the retail bank king in China, has soared 18% in Hong Kong this month, its biggest seven-day advance in more than five years

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Updated On : 10 Nov 2020 | 8:58 AM IST