Alibaba, the world's biggest e-commerce company by sales, announced plans to change the status of its shares traded in Hong Kong, making them more accessible to Chinese investors
Alibaba Group Holding Ltd. will seek a primary listing in Hong Kong, entrenching the financial hub's status as an alternative to US markets and paving the way for Chinese investors
Jack Ma's twin empires have been recasting themselves amid closer scrutiny by China's watchdogs on everything from corporate governance to dealings among affiliates.
Live-streaming platform Bilibili Inc. was among the top gainers of the group, rising 8% in premarket trading.
Curbs on investment by Chinese investors a major roadblock
In 2021, when the buzz is around start-ups going for IPOs and celebration of Indian entrepreneurship, it's also time to acknowledge the role of global players in the journey to stardom
Paytm E-commerce have bought back the entire stake of Alibaba, which held 28.34 per cent, and Antfin (Netherlands) Holding, which held 14.98 per cent stake, a total of 43.32 per cent, for Rs 42 crore.
Alibaba and Ant Group exit Paytm Mall
The HSI surged more than 9 per cent to above the 20,000-point mark
The job cuts at the two companies would be their first major layoffs since Chinese regulators launched an unprecedented campaign a year-and-a-half ago to rein in its internet giants
It is rumoured in the Chinese social media platform Weibo that tech giants Alibaba and Tencent employees are expecting around 30 per cent job cuts
Alibaba's struggle is borne out in the numbers. Revenue for the three months to December climbed just 10%, compared with 29% growth the prior period
E-commerce sites operated by China's Tencent Holdings Ltd and Alibaba Group Holding Ltd were added to the US government's latest "notorious markets" list
The US trade agency says they "engage in or facilitate substantial trademark counterfeiting or copyright privacy".
The list identifies 42 online markets and 35 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy
India has since June 2020 banned some 224 Chinese bans for national security reasons
E-commerce giant Alibaba last week filed to register an additional one billion American Depository Shares
The focus of the probe is on how the company stores US clients' data, including personal information and intellectual property
Panel set up by the RBI finds more than half of about 1,100 digital loan providers operate illegally.
Alibaba Cloud did not immediately report vulnerabilities in the popular, open-source logging framework Apache Log4j2 to China's telecommunications regulator