Tencent and Alibaba Group Holding, along with food-delivery giant Meituan and carmaker Geely Automobile Holdings, were among the stocks helping propel the rally.
That's how much Alibaba Group Holding Ltd.'s market value soared after a clip of Ma speaking to a group of teachers began circulating online -- his first public comments since disappearing from view
While Ma has stepped down from corporate positions and earnings calls, he retains significant influence over Alibaba and Ant
Much about the future of China's most famous businessman remains unclear
Business Standard brings you top news of the evening
Speculation about Ma's whereabouts and his standing with President Xi Jinping's government had reached a fever pitch in recent weeks
Ma, who used to come at least once a month to the bar that was opened by Alibaba executives in early 2019, hasn't been around since late last year, said one worker
Senior officials in the administration had been considering plans to add the firms to a list of alleged Chinese military companies, which would have subjected them to a new US investment ban
A directive issued by the government's propaganda arm ordered news outlets to strictly invoke the official line on the investigation into the tech giant
The Trump administration is considering adding Alibaba Group Holding and Tencent Holdings to a blacklist of Chinese companies that are allegedly owned or controlled by the Chinese military
Chinese e-commerce leader Alibaba Group Holding plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month, four people with direct knowledge of the matter said
Over the last year, the government has encouraged the growth of consumer finance companies as well as the existing units of banks that deal in the business
Alibaba shares slumped 9% to their lowest since June on Monday, as the firm's upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown
Alibaba and its three largest rivals -- Tencent Holdings Ltd., food delivery giant Meituan and JD.com -- have shed nearly $200 billion over two sessions since Thursday
China has produced its own crop of powerful internet titans, and they have been celebrated as icons of the nation's technological advancement.
Regulators said separately they've summoned affiliate Ant Group Co. to a meeting intended to promote fair competition and consumer rights
Alibaba's 20-year rise to supremacy is due in no small part to government policies, which protected and coddled the now-booming internet sector
China has launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days, regulators said
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.14%. Australian stocks advanced by 0.57%, while Tokyo shares rose 0.4%
Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries