Page 10 - Alibaba

China's online shopping addiction killing Xi's strong environmental drive

As President Xi Jinping pushes for stronger environmental protection and consumers grow more eco-conscious, the nation's e-commerce giants are under pressure to find greener ways

Trump signs bill that could remove Chinese stocks from US markets

The measure, which could affect corporate giants like Alibaba Group Holding Ltd. and Baidu Inc., serves as another parting shot at Beijing before Trump leaves office in January

Ant Group stops offering sales of online deposit products at Chinese banks

Ant has "voluntarily removed" the online deposit products from Alipay "in accordance with the recent regulatory requirements for online deposits services," according to a company statement

Antitrust laws: China fines Alibaba, Tencent for failing to report deals

The State Administration of Market Regulation said in a statement that it had taken the decision after reviewing deals the firms were involved in

Trump expected to sign bill that may delist Chinese companies: White House

The move could hit companies such as Alibaba, tech firm Pinduoduo Inc and oil giant PetroChina Co Ltd

Tata Group in advanced talks to buy 80% stake in BigBasket for $ 1.3 bn

Mumbai-based Tata Group, with a combined revenue of about $113 billion and marquee brands such as Jaguar Land Rover and tea maker Tetley, is scouting for local e-commerce assets

Meituan Q3 sales surge on China's economic recovery, rise in takeouts

Food delivery continued to recover from the pandemic, with operating profit for the business more than doubling in the September quarter, the company said on Monday

Alibaba, Tencent pause talks to buy iQIYI stake due to concerns: Report

TikTok owner ByteDance has also internally looked at the possibility of acquiring a controlling stake in iQIYI

'Financial stability is political': Inside China's crackdown on tech giants

President Xi Jinping urged financial regulators to 'dare to' master their supervisory role

Small traders likely to feel the pinch as govt bans 43 mobile apps

Small to medium businesses key user base of logistics and transport apps Lalamove and Drive by Lalamove

Alibaba CEO says China's draft anti-monopoly rules 'timely and necessary'

Zhang said Chinese internet companies have moved to the forefront of the global industry with the help of government policies, but regulations need to evolve

Top headlines: Govt asks CPSEs for larger share, economy on revival path

From Centre asking CPSEs to pay dividends on quarterly basis to RBI policymakers sparring over high inflation forecast, Business Standard brings you the top headlines of the day

Alibaba, JD.com say US was top seller to China during Singles' Day event

BEIJING/SHANGHAI (Reuters) - Alibaba <9988.HK> and JD.com said the United States was the top seller of goods to China during the Singles' Day shopping extravaganza that generated about $116 billion in merchandise volume for the pair.

Tech giant Alibaba leads nearly $290-billion Chinese internet selloff

China has proposed new regulations aimed at curbing the power of its biggest internet companies

China's Alibaba says post-coronavirus Singles' Day sales hit $75 billion

The world's biggest sales event - eclipsing Black Friday and Cyber Monday in the United States - spanned four main days this year

Alibaba launches China's Singles' Day shopping event, to boost economy

This year's online shopping extravaganza also comes a week after Alibaba lost almost $76 billion of its market value

China gears up for world's largest online 'Singles' Day' shopping festival

A survey by consulting firm Oliver Wyman found that 86% of Chinese consumers are willing to spend the same as or more than during last year's Singles' Day festival

Jack Ma was right: Can't regulate an online lending platform like a bank

China's yearslong deleveraging campaign to weed out bad actors in its financial underbelly should be a lesson

Ant's botched IPO: Inside the chaotic unraveling of Ma's $35 bn stock debut

Experts indicate that Jack Ma's open criticism of Chinese government's approach to financial regulation may have invited the ire of the all powerful Chinese state

Alibaba revenue up 30% as coronavirus drives demand for e-commerce

China's biggest e-commerce firm Alibaba Group Holding on Thursday reported a 30 per cent jump in quarterly revenue, as China recovers from the virus and online shopping demand remains high. Alibaba reported revenues of 155.1 billion yuan (USD 23.4 billion) for the three months ended September. Its profit was down 60 per cent to 28.8 billion yuan (USD 4.4 billion) compared to the same time last year, when it reported a one-time gain after it took a 33 per cent stake in its financial affiliate Ant Group. The company saw its stock plunge nearly 10 per cent in Hong Kong on Wednesday, following a 8.1 per cent fall in New York on Tuesday, after Chinese regulators on Tuesday suspended the initial public offering of Ant Group on the Shanghai stock market just days before its trading debut. Regulators halted the IPO, stating that the regulatory environment had changed significantly and that Ant Group may thus not meet listing qualifications or disclosure requirements. On Monday, China had .