(Bloomberg) Alibaba Group Holdings Ltd. will donate 100 billion yuan or $15.5 billion over five years in support of Beijing’s wealth redistribution. Alibaba’s donation will go into ten initiatives ranging…
(Beincrypto) Chinese e-commerce firm Alibaba Group Holdings is seeking the approval of a non-fungible token marketplace from the Sichuan provincial government. Dubbed “Blockchain Digital Copyright and Asset-Trade,” the service will…
Alibaba Group Holdings delivered revenue of RMB205,740 million or $31,865 million in the quarter that ended June, up 34% from the comparable quarter of 2020. Alibaba’s revenues were fueled by…
(WSJ) Tencent and Alibaba are considering opening up their services to one another as Beijing tightens tech regulations. The move could include lifting restrictions, which currently prevent Alibaba customers from…
(Financial Times) Alibaba’s largest individual shareholders Jack Ma and Joe Tsai will use part of their combined $35 billion stake in the company to secure financing from banks. The share…
Alibaba-backed Ant Group has been approved by the Chinese market regulator to operate a consumer finance company, according to CNBC. Ant will control 50% in the new entity and contribute…
Alibaba-backed Huitongda Networks Co., is consulting advisers in a potential listing in Hongkong, according to Bloomberg. The e-Commerce firm could raise about $1 billion in the IPO that could be…
The Alibaba stock price sank by more than 6% in New York after the company recorded its first loss as a public company. The meltdown continued in Hong Kong, where…
China State Administration for Market Regulation fined Alibaba Group Holding 18.2 billion Yuan or $2.8 billion, according to SCMP. SAMR stated that Alibaba abused its dominant market position in China’s…
Chinese government has asked Alibaba Group Holdings Ltd to dispose of its media assets, according to The Wall Street Journal. The move comes as officials are becoming concerned about the…
Alibaba reported revenue of $33.9 billion in the fourth quarter, up from the expected $32.5 billion, according to the company’s press release. Non-GAAP diluted earnings per share was $3.38, up…
U.S officials are considering prohibiting Americans from investing in Alibaba Group Holdings and Tencent Holdings Ltd, according to Reuters. The move follows Trump’s executive order in November that bans U.S…