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Thursday, February 20, 2020

Alibaba Group

ALIBABA GROUP NEWS

Alibaba leaps 8% in a major boost for Hong Kong’s ambitions

November 26, 2019 8:50 am

Alibaba, Asia’s most valuable corporation, raised about $11 billion in Hong Kong's largest issuance of stock since 2010.

Explained: The making of e-commerce titan Jack Ma

September 10, 2019 7:58 am

Jack Ma is valued at $38.4 billion, and occupies the 21st spot on the Forbes list of richest billionaires. Apart from his business triumphs, the Chinese entrepreneur is known for his charismatic public appearances and philanthropic work.

Jack Ma’s $290 billion loan machine is changing Chinese banking

July 28, 2019 1:18 pm

Using real-time payments data and a risk-management system that analyzes more than 3,000 variables, Ma’s four-year-old MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies.

Alibaba plans to raise $20 billion through Hong Kong listing

May 28, 2019 10:26 am

The e-commerce giant is working with financial advisers on the offering and is aiming to file an application in Hong Kong as early as the second half of 2019.

Alibaba founder Jack Ma's latest advice to employees: 'Sex for six days, six times'

May 15, 2019 12:17 pm

Jack Ma, China's richest man, was speaking at the company’s mass wedding which takes place every year on ‘Ali Day’ on May 10 at the company’s headquarters in Hangzhou.

Amazon to close domestic marketplace business in China: Sources

April 18, 2019 7:24 am

Amazon.com Inc plans to close its domestic marketplace in China by mid-July, people familiar with the matter told Reuters, focusing efforts on more lucrative businesses selling overseas goods and cloud services in the world's most populous nation.

With $39 billion wealth, Alibaba founder Jack Ma reclaims top spot among Chinese billionaires

October 10, 2018 11:45 am

Jack Ma, who last month made a surprise announcement of his retirement as the executive chairman of the $420 billion e-commerce giant Alibaba, has pipped Chinese property mogul Xu Jiayin.

Mukesh Ambani topples Alibaba Group founder Jack Ma as Asia's richest person

July 14, 2018 10:15 am

Mukesh Ambani was estimated to be worth $44.3 billion on Friday with Reliance Industries Ltd. rising 1.6 per cent to a record 1,099.8 rupees, according to Bloomberg Billionaires Index.

China's Huawei targets Amazon, Alibaba in public cloud service push

April 12, 2017 7:26 pm

Huawei Technologies Co Ltd said it aims to compete with Amazon.com Inc and Alibaba Group Holding Ltd as a global provider of public cloud services.

Reliance Jio most searched keyword by mobile users in 2016: Study

January 10, 2017 10:29 am

Reliance Jio, which launched its much awaited 4G services last year, was the most searched keyword by mobile users.