User
Notification
Business Standard

Don’t miss the latest developments in business and finance.

Alibaba

Noyb is known for filing complaints against American companies such as Apple, Alphabet and Meta , leading to several investigations and billions of dollars in fines

Updated On: 17 Jan 2025 | 9:14 PM IST
Bs_logoTikTok, five other Chinese companies hit by EU privacy complaints

Alibaba Group Holding Ltd. announced Tuesday it's going to sell Chinese department-store chain Intime to a local apparel group for $1 billion. The price is around 30% of the company's valuation

Updated On: 20 Dec 2024 | 12:14 AM IST
Bs_logoCompanies that spent billions on M&A now selling at knockdown prices

The deal comes as Alibaba looks to shift focus from its dominance in China's retail sector to its core e-commerce and cloud operations

Updated On: 17 Dec 2024 | 11:25 AM IST
Bs_logoAlibaba to sell intime department stores for $1 billion amid restructuring

Alibaba split into six business units in 2023, in the biggest revamp of its 24-year history

Updated On: 21 Nov 2024 | 5:16 PM IST
Bs_logoAlibaba Group combines e-commerce arms to tackle growing competition

The deal is the first time the company has tapped the dollar bond market since 2021, according to data compiled by LSEG, and also the largest corporate bond in Asia Pacific this year

Updated On: 20 Nov 2024 | 11:45 AM IST
Bs_logoChina's Alibaba Group raises $5 billion in dual currency bond deal

The current dollar tranche would consist of a 5.5-year, 10.5-year and 30-year dollar bond, a term sheet seen by Reuters showed. Alibaba is also working on a 3.5-year, 5-year, 10-year and 20-year

Updated On: 18 Nov 2024 | 1:12 PM IST
Bs_logoAlibaba plans to raise $5 billion through dual currency bond issuance

Its U.S.-listed shares were up 3.3% in pre-market trading, however, as it reported an adjusted profit of 15.06 yuan per American Depository Share, beating estimates of 14.88 yuan

Updated On: 15 Nov 2024 | 6:10 PM IST

In 2021, the regulator slapped a record $2.75 billion fine on the e-commerce giant for abusing its market position by forcing merchants on its platforms not to work with rival platforms

Updated On: 30 Aug 2024 | 3:51 PM IST

PwC's China unit has already lost at least two-thirds of its accounting revenues from mainland-listed clients this year since its Evergrande audit failure

Updated On: 22 Aug 2024 | 1:48 PM IST

Chinese tech firms may look to invest heavily in artificial intelligence, despite unique challenges

Updated On: 19 Aug 2024 | 7:58 AM IST

Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin

Updated On: 15 Aug 2024 | 5:06 PM IST

Xiao Jianhua was languishing in detention on bribery and corruption charges - a larger-than-life target of a government crackdown on graft

Updated On: 22 Jul 2024 | 1:28 AM IST

Former head of investments at Alibaba Group's India business Raghav Bahl and 9Unicorns ex-partner Soham Avlani on Thursday announced the launch of PROMAFT Partners -- a Rs 1,000-crore venture capital fund. The sector-agnostic fund seeks to invest in companies that have proven exceptional 'product-market-fit'. It plans to make 10-12 investments, with two-three investments in a year. "Growing without product-market-fit is like driving fast in the wrong direction. And product-market-fit without sustainable competitive advantage doesn't create shareholder value. We encourage our entrepreneurs to grow slowly, while investing in the core fundamentals of the business. "We plan to make two-three investments per year. We are backed by prudent investors, which gives our entrepreneurs the advantage to build for the long term," Bahl said. The fund is also backed by Indian family offices and market leaders like Paytm, Zomato, Browserstack, Livspace, PharmEasy, and VideoVerse who will also ...

Updated On: 18 Jul 2024 | 11:41 PM IST

A recent search found over 500 posts selling 'annoying jobs', 'terrible bosses', and 'hated colleagues', with prices from 2 yuan (Rs 22) to 80,000 yuan (Rs 918,277)

Updated On: 09 Jul 2024 | 11:31 AM IST

JD.com is through to the second stage of bidding after submitting a non-binding offer last month, the people said

Updated On: 02 Jul 2024 | 5:38 PM IST

Earlier this year, AliExpress also signed on as a sponsor of the UEFA Euro 2024 tournament, which starts in June, where it will invest millions of dollars in discounts

Updated On: 27 May 2024 | 2:28 PM IST

The partnership also illustrates the growing focus of the high end luxury brands on improving online shopping

Updated On: 22 May 2024 | 2:43 PM IST

It was quickly followed by Baidu, which hours later announced that its Ernie Speed and Ernie Lite models would be free for all business users

Updated On: 22 May 2024 | 12:27 PM IST

Consumers in China have been spending carefully after the Covid-19 pandemic amid an economic slowdown and property slump

Updated On: 14 May 2024 | 10:22 PM IST

Ma, who's still revered by many of the company's 200,000-plus employees, struck a markedly more upbeat tone than just four months ago

Updated On: 10 Apr 2024 | 10:37 PM IST