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Friday, April 10, 2020

Alibaba

ALIBABA NEWS

Alibaba warns virus having broad impact on Chinese economy

February 14, 2020 9:16 am

The Chinese e-commerce giant made the comments after reporting strong financial results for the quarter that ended in December. Revenue surged a better-than-expected 38% to 161.5 billion yuan ($23.1 billion), while net income rose 58% to 52.3 billion yuan.

Global financial watchdogs take aim at Big Tech's data dominance

December 09, 2019 1:02 pm

Google, Alibaba and other "Big Tech" companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition.

Alibaba’s Hong Kong listing attracts 200,000 retail buyers

November 23, 2019 11:34 am

It would make Alibaba the most popular listing of the year by the number of subscribers, Hong Kong Economic Times said.

Alibaba guides pricing on Hong Kong listing around HK$176

November 20, 2019 12:11 pm

With a Hong Kong listing in sight, Alibaba will challenge Tencent Holdings Ltd. for the title of the largest listed corporation in the city.

Explained: Why Alibaba is listing in Hong Kong

November 16, 2019 9:48 am

Why is Alibaba listing in Hong Kong? Why not list in Shanghai or Shenzhen? Why is it a big deal for Hong Kong?

Alibaba praises Hong Kong at start of retail campaign for $13 billion listing

November 15, 2019 7:45 am

Hangzhou-based Alibaba is hoping to raise up to $13.4 billion in its Hong Kong listing and the shares are due to start trading on Nov. 26. The retail price of the shares will be capped at HK$188 each.

China's Singles' Day sales on course for new record

November 11, 2019 2:57 pm

China's annual online shopping blitz is expected to break sales records despite the country's slowing economy. Organizer Alibaba says sales in the first hour were up 32% on last year's early haul.

Alibaba resumes plan for Hong Kong listing in a boost for the city

November 09, 2019 8:53 am

Alibaba in August postponed plans to reap $10 billion to $15 billion by selling shares in Hong Kong after worsening clashes between demonstrators and the police shook a territory long prized for its stability and rule of law.

Jack Ma is retiring from Alibaba. He won’t go far.

September 11, 2019 12:45 pm

Alibaba also owns China’s biggest cloud-computing business and one of its biggest meal-delivery services and logistics networks. Overall, the company is still growing at a healthy pace.

Watch: Alibaba's founder Jack Ma signs off with a rock-star performance at farewell concert

September 11, 2019 12:18 pm

Toward the end of the ceremony, Jack Ma, co-founder Lucy Peng, and CEO of Alibaba's technology committee Wang Jian donned rock star-style leather jackets and wigs to perform Chinese pop songs.