Alibaba | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 08:28 PM IST

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People take pictures during an opening ceremony of the Shanghai Stock Exchange’s Sci-Tech Innovation Board or STAR Market in Shanghai on July 22, 2019. (Photo: AP)

Shares blast off as 'China's Nasdaq' debuts

All 25 components on STAR Market were driven sharply higher in a hearty initial endorsement.

22 Jul 2019 1:23 PM

Union Minister Nitin Gadkari. (Photo: ANI)

Govt plans to develop Alibaba-like portal for Indian MSMEs: Gadkari

PM Modi's dream of making India a USD 5 trillion economy can only be fulfilled by ensuring the growth of MSME sector.

28 Jun 2019 9:23 AM

A deal of that size would be the biggest follow-on share sale globally in seven years.

Alibaba files for Hong Kong listing that may raise USD 20 billion as soon as Q3

Alibaba holds the record for the world’s largest initial public offering with its USD 25 billion float in New York five years ago.

14 Jun 2019 12:45 PM

Amazon jumped from third to first place to eclipse Google -- which slid from first to third place with Apple holding on to the second spot. (AFP Photo/ File)

Amazon dethrones Google as top global brand: Survey

The brand value of Amazon surged by 52 per cent to USD 315 billion, global market research agency Kantar said.

11 Jun 2019 11:48 AM

Vmate was launched as a video streaming and short-video-sharing app in 2016.

Alibaba all set to make it big in India

The company is pumping in $ 100 million into its subsidary UC Web owned three-year-old social video app Vmate.

02 Jun 2019 12:49 AM

The deal would give Alibaba a war chest to keep investing in technology - a priority for China as growth flags and as the world’s second-largest economy faces an escalating trade spat with the United States.

Alibaba plans USD 20 billion blockbuster Hong Kong listing: Sources

The deal would be the sixth-biggest follow-on share sale ever.

28 May 2019 9:34 AM

“At work, we emphasize the spirit of ‘996’. In life, we should follow ‘669,’“ Jack Ma said. (Photo: File | AP)

Have sex daily: Alibaba’s Jack Ma to employees

The 54-year-old Ma was speaking at a mass wedding organised by his company.

14 May 2019 3:44 PM

China’s inclusion on the list “reflects the urgent need to remediate a range of intellectual property-related concerns,” a USTR official told reporters on a call to discuss the report.

US adds an e-commerce site to 'notorious' IP blacklist

Companies continue to see widespread infringement.

26 Apr 2019 9:43 AM

Ma has responded to the criticism by saying work should be a joy and also include time for study, reflection and self-improvement.

Alibaba head's remarks spark debate over China working hours

Online complaints included blaming long work hours for a lower birth rate in the country.

19 Apr 2019 10:55 AM

The issue has fuelled an online debate and protests on some coding platforms, where workers have swapped examples of excessive overtime demands at some companies.

Alibaba founder defends overtime work culture as 'huge blessing'

Ma defended the industry’s ‘996’ work schedule, which refers to the 9 a.m. to 9 p.m. workday, six days a week.

14 Apr 2019 11:21 AM

Suning will be the biggest shareholder with a 19 percent stake while Alibaba and Tencent’s investment units will together hold the remainder shares with some other funds.

Alibaba, Tencent, car makers set up USD 1.5 billion China ride-hailing venture

China is home to the world’s largest ride-hailing market, estimated by consulting firm Bain & Co to be worth USD 23 billion.

24 Mar 2019 11:31 AM

Alibaba did not immediately respond to requests for comment. A US-based lawyer for Alibaba declined to comment.

Cryptocurrency firm agrees to stop using Alibaba name

ABBC Foundation announced the settlement on Monday, in a statement confirmed by its US-based lawyer.

12 Mar 2019 12:59 PM

Alibaba Cloud, which provides cloud infrastructure to transform businesses digitally, will contribute to the initiative by offering partners with access to its technology expertise, global computing resources and talent development programs including Alibaba Cloud Academy and its AI competition platform Tianchi.

Alibaba Cloud launches Tech for Change Initiative for Social Good

One of the first partnerships of the Tech for Change initiative is aimed at supporting female education across the world.

28 Feb 2019 9:35 AM

This week reports circulated in Chinese media that e-commerce site and Alibaba rival JD.com Inc would lay off 10 percent of its senior executives. The company declined to comment directly on the cuts. (Photo: File)

Alibaba CEO rules out layoffs this year

In November, Alibaba cut its full-year revenue forecast to between 375 billion yuan and 383 billion yuan (USD 54.4 -55.6 billion).

22 Feb 2019 11:13 AM

US President Donald Trump’s administration has not only slapped crippling tariffs on Chinese imports, it has also stepped up scrutiny of Chinese investments in the country.

Alibaba slams US treatment of Huawei, efforts to curb China's rise

Huawei has been caught up in the crosshairs, with the United States alleging its products could be used by Beijing for espionage.

28 Jan 2019 11:33 AM

In the rooms, Alibaba’s voice command technology is used to change the temperature, close the curtains, adjust the lighting and order room service.

Robots deliver towels, mix cocktails

Alibaba has launched other highly automated projects for book stores and grocery stores.

23 Jan 2019 10:13 AM

Data Artisans CEO Kostas Tzoumas said Alibaba would also invest an undisclosed sum in the company to develop Apache Flink, its open-source software that can process large data volumes, and to expand into new business areas.

Alibaba buys German data analysis start-up

The transaction marks the first full takeover by a Chinese company on Berlin’s growing startup scene.

10 Jan 2019 10:11 AM

Singles’ Day, also called “Double 11,” is the world’s biggest online sales event, outstripping US shopping holiday Black Friday.

Alibaba Singles’ Day smashes USD 25 billion sales record

Alibaba said there were around 180,000 brands participating in Singles’ Day, and as of 8 pm on Sunday sales were nearing $27 billion.

12 Nov 2018 11:53 AM

The Chinese event was originally a novelty student holiday to celebrate being single, countering Valentines Day, but has since grown into a month-long online shopping festival that peaks with a 24-hour sale on November 11. (Photo: PTI | Representational)

Alibaba nets record USD 30 billion in Singles' Day haul, but growth rate plunges

Singles’ Day, also called “Double 11”, is the world’s biggest online sales event.

12 Nov 2018 11:29 AM

Alibaba founder Jack Ma reclaims top spot among Chinese billionaires

Jack Ma and his family having a total wealth of about USD 39 bn, according to latest version of the Hurun China Rich List 2018.

12 Oct 2018 9:23 AM

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Dilip Cherian