Page 8 - Alibaba

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

China's antitrust regulators weigh levying record fine on Alibaba: Report

The fine could surpass the $975 million that Qualcomm QCOM.O paid in 2015 over anticompetitive practices, the report said

Ant employees expected a windfall, but are stuck with unsellable shares

The move underscores two intertwined challenges facing Ant, four months after Chinese authorities torpedoed its $35 billion initial public offering

Alibaba's Jack Ma spotted playing golf, easing China detention fears

It's the first known Ma sighting since the former English teacher joined a live-streamed video chat with rural educators on January 20

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

Alibaba beats revenue forecast, shares slide amid regulatory challenges

It also announced a bond sale worth as much as $5 billion though sources have said plans for the fundraising were in the works before the regulatory clampdown

Chinese state media celebrates top entrepreneurs, but not Jack Ma

Ma, lionised at home for creating some of his country's largest corporations, didn't make the cut in a Shanghai Securities News front-page commentary lauding the leading lights of technology

Alibaba beats revenue forecast on online boom as Chinese regulators hover

The results come as China clamps down on company founder Jack Ma's business empire, having forced the suspension of a $37 billion IPO for financial affiliate Ant Group

Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders

China's best known businessman was not mentioned in an front-page article published by the Shanghai Securities News