Alibaba

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Fresh fears over Beijing regulatory crackdown drive China tech rout

Investor worries over the potential for a fresh wave of regulatory crackdowns by Beijing set off steep drops in Chinese tech shares.

Platform News: Japan's SoftBank

SoftBank seen trimming Alibaba stake to fill shortfall?

SoftBank is likely to trim its stake in Chinese e-commerce giant Alibaba, an analyst has said, as the Japanese tech conglomerate invests in unlisted start-ups through its second Vi...

Alibaba Office Building

US adds e-commerce sites operated by Tencent, Alibaba to ‘notorious markets’ list

Online marketplaces operated by China’s Tencent Holdings and Alibaba Group were included on the US government’s latest “notorious markets” list of entities ...

Platform News: China's Alibaba online marketplace

Alibaba creates virtual idol to promote Olympics merchandise

Chinese e-commerce giant Alibaba Group Holding has released a virtual idol promoting the 2022 Beijing Olympics, riding on a trend that has swept China.

China Platform Economy

China orders cybersecurity reviews for businesses seeking overseas listings

China has said it will put in force new rules to increase its oversight of plans by Chinese platform businesses to list on overseas stock markets in the latest move to tighten its ...

Platform Industry: Tencent logo at an event

Tencent hands shareholders $16.4 billion windfall in the form of JD.com stake

Chinese gaming and social media company Tencent will pay out a $16.4 billion dividend by distributing most of its JD.com stake, weakening its ties to the e-commerce firm and raisin...

Major tech companies struggle to plug holes in logging software

Some of the world’s largest technology companies are still struggling to make their products safe from a gaping vulnerability in common logging software a week after hackers began ...

Platform News: Tech Titans including Facebook, Google, Amazon and Apple

EU Parliament backs tough new rules to rein in US tech titans

EU lawmakers have voted to beef up draft rules to rein in US tech giants, including extending the scope to their retailing activities and to their business users outside Europe, as...

Platform News: China's Alibaba online marketplace

Alibaba’s e-commerce empire under threat from Douyin, Pinduoduo

For more than a decade, Alibaba Group has been China’s undisputed e-commerce king but of late its crown has shown signs of slipping, unsettled by an influx of aggressive comp...

Alibaba Office Building

Alibaba overhauls e-commerce businesses, names new CFO

Alibaba Group Holding Ltd said it will reorganise its international and domestic e-commerce businesses and replace its CFO – changes that come as the tech giant grapples with...

Nvidia Chips

FTC sues to block Nvidia deal to buy Arm

The US Federal Trade Commission has sued to block US chip company Nvidia Corp’s more than $80 billion planned acquisition of British chip technology provider Arm, adding to a...

Pinduoduo

Chinese e-commerce platform Pinduoduo slumps after revenue miss

US-listed shares of Pinduoduo plunged as much as 18% in early trading on Friday after the Chinese e-commerce platform missed quarterly revenue expectations as new coronavirus outbr...

Alibaba Office Building

China fines tech giants for failing to report 43 old deals

China’s market regulator said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying...

Platform News: Baidu search engine in China

Baidu warns of ad revenue slowdown after quarterly results beat

Baidu has beaten quarterly revenue and profit estimates on the strength of its cloud business, but warned that China’s regulatory crackdown and the pandemic would weigh on ad...

Platform News: Japan's SoftBank

SoftBank dragged into red by falling Vision Fund valuations

SoftBank Group Corp reported a 397 billion yen (approximately $3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fun...

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