Alibaba cofounder Jack Ma. Wang HE/Getty Images Billionaire Jack Ma is back to square one. The $3.4 billion gain to his wealth since the start of the year has all but evaporated, after Alibaba’s stock...
Tag: Alibabas
Alibaba’s $46 Billion Stock-Market Swoon Tests Investors’ Love
(Bloomberg) — After months of exhilarating gains as hedge funds piled in and analysts upgraded target prices, Alibaba Group Holding Ltd.’s stock is losing its mojo and leading the decline in Chi...
Alibaba’s Ant Could Be Marching Toward An IPO, CNY’s Remarkable Ghost Rally
Key News Asian equities had a strong day as Japan was on holiday for Respect for the Aged Day. Jack Ma’s voting rights in financial technology giant Ant Group were lowered to 6.2% from 53.4%, though h...
Alibaba’s Cainiao opens LatAm headquarters in Brazil
Alibaba’s logistics arm Cainiao has installed lockers in Brazil for local customers to retrieve packages. Cainiao BEIJING — Alibaba’s logistics arm Cainiao announced Monday the opening of ...
Alibaba’s Jack Ma Stays At No. 5 On China’s 100 Richest 2022 Despite A Drop In Wealth
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Jack Ma Wang HE/Getty Images This story is part of Forbes’ coverage of China’s Richest 2022. See the full list he...
Alibaba’s international arm invests millions into South Korea expansion
Alibaba’s international e-commerce platform AliExpress has expanded in South Korea and Brazil, in addition to Europe. Pictured here is an AliExpress locker in Poland in July 2022. Nurphoto | Nur...
Hong Kong Internet Stocks Bounce As Alibaba’s Singles Day Kicks Off
China Last Night KraneShares Key News Asian equities were mixed overnight as the Asia dollar index made another 52-week low. Please see our take on yesterday’s market volatility using the below link: ...
Alibaba’s Softbank Overhang Clarified As Foreigners Fret
Key News Asian equities were a sea of red on light volumes as South Asia held up slightly better than North Asia following the US equities meltdown yesterday. After the Hong Kong close, Alibaba and So...
Hong Kong Internet High In Advance Of Alibaba’s Results As Caixin Services PMI Exceeds Expectations
China Last Night KraneShares Key News Asian equities had a positive day on light summer volumes except for Mainland China. Pelosi’s Taiwan visit did not spark World War III as some had feared. Plane t...
Alibaba’s Cloud Branch Launches Own NFT Service
Alibaba Cloud, provider of web cloud services and a subsidiary of the world’s largest online B2B trading platform, launches its own NFT solution. The platform offers digital entrepreneurs and cr...
Alibaba’s Ant Group Floats New Digital Bank ANEXT in Singapore
Ant Group, a majority-owned fintech firm of Alibaba Group Holdings has launched ANEXT, a digital bank following a nod from the Monetary Authority of Singapore (MAS) earlier this month. The move comes ...
Alibaba’s shares fall after unconfirmed rumors link Jack Ma to a probe
Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images Alibaba’s Hong Kong-listed shares were about 1% lower Tuesday — after earlier falling more than 9% —following unconf...
Alibaba’s Ant Group Buys Majority Stake In Singapore Fintech 2C2P
The Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Alibaba Group … [+] Holding Ltd.’s fintech affiliate Ant Group Co. had its initial public offering torpedoed...
China’s central bank encourages ‘controllable risks’ in fintech innovation in Alibaba’s home province of Zhejiang
Chinese financial regulators, including the central bank, and the Zhejiang provincial government are encouraging “controllable risks” in the country’s e-commerce hub to spur financia...
Alibaba’s Earnings Are Today. What to Expect.
Text size Alibaba investors had it tough in 2021. So far, 2022 is shaping up to be better. Greg Baker/AFP via Getty Images Earnings from Alibaba will be closely watched by investors after a tumultuou...
Alibaba’s Quarterly Profit Is Set to Plummet 60%. Here’s Why.
Text size Alibaba earnings are due Thursday. Qilai Shen/Bloomberg Alibaba ‘s quarterly profit is expected to fall almost 60% year over year when the Chinese tech giant reports earnings on Thursday. In...