Alibaba
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Business
China holds a lackluster ‘Single’s Day’ shopping fest
BEIJING: China yesterday held a subdued version of its annual “Single’s Day” shopping spree, shorn of the usual boasting on…
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Business
Alibaba shares soar as Jack Ma reported on Europe trip
BEIJING: Alibaba shares surged more than six percent yesterday after billionaire founder Jack Ma was reported to be in Europe,…
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Business
Alibaba CEO sacks manager accused of rape, condemns ‘forced drinking culture’
BEIJING: Alibaba yesterday fired a manager accused of rape, as its CEO condemned the “ugly forced drinking culture” affecting one…
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Business
Alibaba earnings fall as China tech giants face turmoil
BEIJING: Chinese e-commerce leader Alibaba Group said yesterday that it posted lower profit but maintained steady revenue growth, indicating that…
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Business
China tutoring groups fined millions
BEIJING: Fifteen tutoring firms have been hammered with millions of dollars of fines over alleged fraud, Chinese state media said…
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Business
Chinese tech giants to end unfair competition 20 companies heed the warning of Alibaba’s case
BEIJING: More than 20 Chinese tech giants have made a public pact to abide by anti-monopoly guidelines, after regulators told…
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Business
China hits Alibaba with record $2.78bn fine for market abuses
SHANGHAI: Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine yesterday over practices deemed…
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Business
China’s Baidu debuts in Hong Kong after $3.1 billion IPO
HONG KONG: Chinese search engine Baidu debuted on Hong Kong’s stock exchange yesterday after raising $3.1 billion in its initial…
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Business
China summons 11 technology giants
BEIJING: Chinese authorities yesterday said they had summoned 11 tech companies including Tencent, Alibaba and TikTok owner ByteDance for talks…
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Business
Jack Ma appears for first time since regulatory crackdown
BEIJING: Shares in internet giant Alibaba soared more than eight percent yesterday after billionaire founder Jack Ma made his first…
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Business
Bolstered by pandemic, tech titans face growing scrutiny
PARIS: Accelerating the transition to an ever more digital existence, the coronavirus pandemic has tightened tech giants’ grip on billions…
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Business
China begins anti-monopoly probe into tech giant Alibaba
HANGZHOU, China: This photo taken on Oct 13, 2020 shows the Ant Group headquarters in China’s eastern Zhejiang province. –…
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