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
China has suspended Alibaba Cloud's services for six months after failing to report about the serious Internet bug -- which has put millions of systems and devices at hacking risk
Alibaba CEO Daniel Zhang said in a separate presentation Friday that the company sees a huge potential in the international markets going forwards
Chinese e-commerce major Alibaba has fired an employee who accused her boss and a client of sexually assaulting her on a business trip after getting her drunk
Shares of the e-commerce giant advanced as much as 12% on Tuesday
It's creating two digital commerce teams, each for international and domestic markets
The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a regulatory crackdown
Chinese tech giants including Alibaba Group and Tencent Holdings were fined Saturday for failing to report corporate acquisitions
Alibaba now expects revenue for the year ending in March to rise between 20% and 23%, the slowest pace since its 2014 stock market debut