Page 5 - Alibaba

Didi Global saga shows China's tech behemoths must first answer to Beijing

Didi is by most measures an appealing success story. The firm controls almost the entire ride-hailing market in China, and counts SoftBank Group Corp. and Tencent Holdings Ltd. as major shareholders

Alibaba founders pledge shares for loans from global banks: Report

Alibaba said co-founder Ma and his affiliates currently did not have any loans outstanding collateralized by the company's shares.

Alibaba victim of huge data leak by consultant as China tightens security

User data was not sold and Alibaba didn't incur financial losses from leak, the company says.

Alibaba senior executive says founder Jack Ma 'lying low': Report

Ma, China's best-known entrepreneur, has been largely out of public view since last year

China's Didi reveals US IPO filing, all set for blockbuster New York float

Didi could raise around $10 billion and seek a valuation of close to $100 billion

Alibaba Group to develop self-driving trucks with logistics unit Cainiao

Chinese e-commerce leader Alibaba Group Holding Ltd plans to develop self-driving trucks with logistics subsidiary Cainiao, Chief Technology Officer Cheng Li said on Thursday

Tata Digital buys majority stake worth $1.31 bn in online grocer BigBasket

India's antitrust body had in March approved the acquisition of up to a 64.3% stake in BigBasket by Tata Digital

Alibaba reports first operating loss as a public company due to record fine

Alibaba forecast annual revenue to be 930 billion yuan ($144.12 billion) for the fiscal year ended March 2022, above analysts' average estimate of 928.25 billion yuan.

ByteDance hires thousands to challenge e-commerce king Alibaba

A burgeoning e-commerce business could help the firm surpass its $250 billion valuation when it goes public, countering concerns around Beijing's crackdown on the country's internet behemoths

Alibaba freezes executive pay rises amid China's big-tech crackdown: report

This is in an effort to preserve its workforce amid a regulatory clampdown: report

Ant Group denies report it's exploring ways for Jack Ma to sell stake

The company hoped that Ma's stake would be sold to existing shareholders in Ant or its e-commerce partner Alibaba Group Holding Ltd., Reuters said

Jack Ma's fortune jumps $2 billion after record antitrust fine on Alibaba

The $2.8 billion fine is less severe than some investors feared and is based on only 4% of the company's 2019 domestic sales, far less than the maximum 10% allowed under Chinese law

Alibaba to lower entry barriers after record antitrust fine, shares rally

Alibaba Group CEO Daniel Zhang said on Monday he does not expect any material impact from the change of exclusivity arrangement imposed by China's regulators

China imposes $2.8 bn penalty on Jack Ma's Alibaba Group in monopoly probe

The penalty is equivalent to 4% of Alibaba's domestic sales in 2019, China's State Administration for Market Regulation said in a statement on Saturday

China regulators held talks with Alibaba, Tencent, 9 more on deepfake tech

Chinese regulators summoned 11 domestic technology companies including Alibaba Group, Tencent and ByteDance for talks on use of 'deepfake' on their platforms, stepping up scrutiny of the sector

Global investors value China's Ant Group at over $200 billion: Report

The number is far short of the $315 billion Ant touted for what was set to be the world's largest IPO

China orders Jack Ma to dispose of its media assets with Alibaba group

Taking its war against billionaire Jack Ma's empire to a new level, the Chinese government has reportedly asked his conglomerate Alibaba to dispose of its media assets

China asks Alibaba to curtail its media assets: Wall Street Journal

Discussions over the matter have been held since early this year, the report said, adding that officials were shocked at how expansive Alibaba's media interests have become

China's Ant Group CEO Simon Hu departs amid regulatory-driven revamp

Hu, who was named the chief executive of the Alibaba Group Holding in 2019, will be replaced by company veteran and Executive Chairman Eric Jing, the financial technology giant said

Ant Group publishes financial self-discipline rules amid Chinese scrutiny

Chinese regulators have tightened their grip on fintech companies, amid concerns over systemic financial risks brought by the financial empire affiliated to China's e-commerce giant Alibaba Group