Other apps on the list include Snack Video, a short video app that was gaining traction after the ban on TikTok, and Alipay Cashier, which helped users collect payments from Alipay through a QR Code
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
China laid out detailed regulations for the first time to root out monopolistic practices in the internet industry
People's Bank of China, China Securities Regulatory Commission as well as the country's banking and insurance regulator and forex regulator held the talks with Ant's controlling shareholder Ma
Alibaba claims it is able to cut order lead times by 75% with its solutions
Its ultimate goal, according to Alibaba, is to become a one-stop production solution provider for garment merchants on its Taobao and Tmall marketplaces.
The co-founder of the e-commerce giant rarely speaks in public and is little known outside of China, but over the past two decades she's played a key role guiding Jack Ma's empire
Ma's 8.8% stake is worth $27.4 billion based on the stock pricing in Hong Kong and Shanghai
(Reuters) - Alibaba Group Holdings <9988.HK> said on Monday it will invest $3.6 billion to boost its stake in hypermarket operator Sun Art Retail Group Ltd <6808.HK>, gaining further ground in China's booming retail market.
Dufry employs about 31,000 people and said in June it plans to reduce personnel expenses by 20% to 35% as revenue plummets.
As escalating violence on its border with China draws India closer to the US, globally-minded Chinese firms need neutral addresses to avoid becoming collateral damage
Investors who want to cheer a recovery for China's largest e-commerce company should keep in mind what it is they're celebrating
Sales from the company's core commerce business jumped 34 per cent to ¥133.32 billion
Ant will hold about a 50 per cent stake, while Nanyang Commercial and TransInfo will own 15 per cent and 10 per cent, respectively, of the new firm
A concurrent listing of Ant - one of the world's most hotly-anticipated IPOs - would be a boost to both cities' status as capital market centres
The deal, which includes a collar contract and call spread, is expected to be settled between May 2024 and June 2024
Cases in US cross two million as infections rise in at least 20 states, Amazon, Ebay ordered to stop shipping unproven Covid products
Answers to the Strategist Quiz #659
The conflict illustrates how Alibaba's business practices have sometimes played poorly abroad
According to the Bloomberg Billionaires Index, Chinese billionaire Jack Ma, the founder of e-commerce major Alibaba Group has toppled Ambani to get the top spot in Asia