Page 3 - Alibaba Group

Billionaire Jack Ma plans to cede control of China's Ant Group: Report

Ant, an affiliate of Alibaba, has been subjected to a sweeping restructuring by China, whose initial public offering of $37 billion, was derailed by the country's regulators in late 2020

Alibaba's stock slips as big hopes on Ant IPO revival quickly fade

Shares of the e-commerce giant shot up as much as 7% earlier after a Bloomberg News report that China's financial regulators have established a team to assess the fintech giant's share sale plans.

Alibaba best-paying tech company in China despite internet crackdown

Despite China aiming to rein in domestic Internet giants, Alibaba is still the best-paying tech company in the country at an average monthly salary of $5,000, followed by ByteDance and Tencent Holdings that offer average monthly wages of $4,900 and $4,600, respectively.

Alibaba beats revenue estimates on demand for niche China shopping services

The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties

Alibaba Group Holding ups buybacks to $25 billion; crackdown to ease

Move represents one of the largest shareholder-reward programmes

Alibaba Group raises buyback to $25 billion to boost slumping stock

Alibaba Group increased a share buyback to $25 billion from $15 billion to prop up a stock price that has fallen by more than half since Communist Party tightened control over tech industries

RBI punished Paytm Payments Bank for data leaks to Chinese firms: Report

Annual inspections by RBI found that the company's servers were sharing information with China-based entities that indirectly own a stake in Paytm Payments Bank, says a source

Alibaba reports smallest rise in quarterly revenue, misses expectations

The slowing Chinese economy has taken a toll on the e-commerce company, as consumers cut back discretionary spending

Alibaba takes in $84.54 billion in orders in toned-down Singles Day

Last year, the company racked up $74 billion in GMV over the event's 11 days.

Alibaba Group Holding seeks to exit media firm after Beijing's scrutiny

The e-commerce giant, which made the purchase only nine months ago, is seeking a waiver from a one-year lock-up agreement, the filing showed.

Beijing doubles down on tech data and companies listed overseas

In a flurry of action Friday, authorities summoned the country's largest technology companies for a warning on data security, vowed tighter oversight of overseas share listings

China fines tech giants for spreading content exploiting children

China's internet watchdog said Wednesday it has fined platforms operated by e-commerce company Alibaba and gaming firm Tencent

Jack Ma to step down as head of business school he founded, amid clampdown

Chinese billionaire Jack Ma will be stepping down as the President of Hupan, an elite business school he founded, in the face of government pressure on the tech industry

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.

Alibaba aims to report strong financial earnings, after $260 billion slide

Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.

Tata to finally enter online grocery with CCI nod to BigBasket stake deal

With this, Tata Digital will buy 64.3% stake in Supermarket Grocery Supplies and also be sole control over Innovative Retail Concepts, which runs BigBasket's online retail biz

Chinese regulator orders Ant Group to carry out a major overhaul

Ant Group is a financial affiliate of e-commerce giant Alibaba Group Holding

Fine, thank you, says Alibaba Group after China's $2.8-billion penalty

It's a sign of how odd China's crackdown on the power of big tech has been compared with the rest of the world

Tencent raises $8.3 billion with its biggest offshore syndicated loan

The deal comes amid a flurry of debt financings by tech giants, with Alibaba Group Holding Ltd. issuing $5 billion of bonds in early February

Alibaba's $38-billion bond sale shows confidence among Jack Ma fans

The four-tranche offer received more than $38 billion in orders at the peak, according to people with knowledge of the matter