Alibaba founder Jack Ma to leave the control of Ant Group; Read INSPIRING story of this rags-to-riches billionaire
Chinese entrepreneur Jack Ma is no less than an inspiring movie. He has seen all ups and downs, failures and rejections in his life-long journey to become the billionaire. He was once Asia’s richest man in the Forbes’ list. He is now leaving his control of Ant Group, the financial arm of the Alibaba Group.
Jan 07, 2023, 15:28 PM IST
China issues new anti-monopoly rules targeting its tech giants
The guidelines are expected to put new pressure on the country`s leading internet services, including e-commerce sites such as Alibaba Group`s Taobao and Tmall marketplaces or JD.com. They will also cover payment services like Ant Group`s Alipay or Tencent Holding`s WeChat Pay.
Feb 07, 2021, 20:35 PM IST
Will meet again: Alibaba's Jack Ma makes first live appearance in three months in online meet
Social media speculation over the whereabouts of China`s highest-profile entrepreneur swirled this month after news reports that he missed the final episode of a TV show featuring him as a judge, amid a regulatory clampdown by Beijing on his sprawling business empire. Ma had not appeared in public since Oct. 24, where he blasted China`s regulatory system in a speech at a Shanghai forum that set him on a collision course with officials, leading to the suspension of a $37-billion IPO of Alibaba`s financial affiliate Ant Group.
Jan 20, 2021, 12:18 PM IST
Gurugram court defers UC Web case hearing till August 18
Giving more time to UC Web's advocates, the Gurugram court asked them to submit the Board Resolution and the rectified affidavit on the next hearing.
Aug 11, 2020, 17:02 PM IST
Alibaba raises up to $12.9 billion in landmark Hong Kong listing
Chinese e-commerce giant Alibaba Group raised up to $12.9 billion (£10 billion) in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.
Nov 20, 2019, 21:30 PM IST
Alibaba CEO rules out layoffs this year
In November, Alibaba cut its full-year revenue forecast to between 375 billion yuan and 383 billion yuan ($54.4 bln-$55.6 bln), marking a 4-6 percent decrease from its initial target.
Feb 22, 2019, 12:02 PM IST
Alibaba, US grocer Kroger had early business development talks: Source
The development came as Amazon.com Inc is expanding aggressively into groceries with its acquisition of Whole Foods Market.
Jan 25, 2018, 12:34 PM IST
Alibaba Cloud opens new data centre in India to empower SMEs
Alibaba Cloud has 33 zones in 16 economic centres worldwide.
Dec 20, 2017, 14:47 PM IST
Five apps that technologically empower, digitise SME transactions
SBI - Buddy - Merchant - SBI Buddy Merchant App is State Bank of India`s Mobile Wallet for Merchants and Sub-Merchants to accept/collect payments from their customers against sale of goods and services.
Sep 24, 2017, 17:57 PM IST
Alibaba-backed Best Inc raises $450 million in IPO after slashing terms
Up to $932 million had originally been expected for the listing, underscoring how some fast-growing companies may have to temper their expected valuations to lure investors burned by recent underperforming IPOs.
Sep 20, 2017, 09:50 AM IST
Complexity of deal derailed Flipkart-Snapdeal talks: Sources
While Snapdeal had stated that it would follow an independent path and was therefore, terminating all strategic talks, sources had said differences in valuation and terms of the deal had led to the fallout after five months of negotiations.
Aug 11, 2017, 19:28 PM IST
China bike-sharing firm Ofo in talks to raise $1 billion, led by SoftBank
The latest Ofo investment plan has not been finalised, the sources said, who declined to be identified as the discussions are private.
Jul 28, 2017, 12:49 PM IST
Alibaba Cloud to open first data centre in India
The data centre will be set up in Mumbai by March 31, 2018, the group said, adding that another one will come up in Jakarta.
Jun 10, 2017, 20:53 PM IST
China, India drive Alibaba's UCWeb revenue up 271%
Alibaba group firm UCWeb has reported a 271 percent year-on-year jump in its digital media and entertainment revenue for 2017 financial year on account of growth in China, India and Indonesia.
May 20, 2017, 10:45 AM IST
Yahoo to buy back $3 billion shares
Yahoo said it would pay between $50.79 and $44.74 per share based on its calculations, Alibaba`s share price and timing of the buyback.
May 16, 2017, 16:50 PM IST
Anil Ambani's Reliance Capital sells Paytm stake to Alibaba; makes over 2,000% profit
The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm.
Mar 07, 2017, 12:00 PM IST
Chinese e-commerce giant Alibaba back on US govt's annual list of notorious markets
Chinese e-commerce giant Alibaba Group is back on the US government's annual list of "notorious markets" over counterfeit goods sales.
Dec 22, 2016, 10:26 AM IST
9Apps, Disney tie-up to offer 300 mobile games in India
9Apps, part of Alibaba Group has announced its tie-up with Disney India`s Interactive business to host and promote over 300 popular mobile games from its gaming catalogue.
Sep 30, 2016, 12:39 PM IST
Alibaba Group unveils smart 'internet-connected car'
The car has advanced fuel technology, more powerful accelerator, lower oil consumption and have a shorter braking distance.
Jul 07, 2016, 18:04 PM IST
India accounts for 20% of UC Browser's global userbase
New Delhi: Alibaba group firm UCWeb on Monday said India accounts for about 20 percent of the global userbase of its flagship UC Browser with about 80 million monthly active users.
Jun 06, 2016, 18:31 PM IST
