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07 Jan 2023

Jack Ma to leave the control of Ant Group; Here's A to Z of Alibaba founder

Chinese entrepreneur Jack Ma is no less than an inspiring movie. He has seen all ups and downs, failures and rejections in his life-long journey to become the billionaire. He was once Asia’s richest man in the Forbes’ list. He is now leaving his control of Ant Group, the financial arm of the Alibaba Group.

07 Feb 2021

China issues new anti-monopoly rules targeting its tech giants

The rules issued by SAMR bar companies from a range of behaviour, including forcing merchants to choose between the country`s top internet players. SAMR said the latest guidelines would "stop monopolistic behaviours in the platform economy and protect fair competition in the market." China has in recent months started to tighten scrutiny of its tech giants, reversing a once laissez-faire approach.

20 Jan 2021

Will meet again: Jack Ma makes first live appearance in three months in online

Jack Ma has made his first live appearance in three months in an online meet Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning This was his first appearance since October

11 Aug 2020

Gurugram court defers UC Web case hearing till August 18

The Gurugram court witnessed a fierce debate between advocates of both the parties regarding what is right and what is wrong when this issue was raised The court asked advocates of UC Web/Alibaba as to why there are no board resolution and affidavits of all the parties The defense counsel said that most of the defendants are Chinese citizens and they live in China, therefore, they are facing problems in completing the formalities

20 Nov 2019

Alibaba raises up to $12.9 billion in landmark Hong Kong listing

Chinese e-commerce giant Alibaba Group raised up to $12.9 billion (£10 billion) in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.

22 Feb 2019

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 ($54.4 bln-$55.6 bln), marking a 4-6 percent decrease from its initial target.

25 Jan 2018

Alibaba, US grocer Kroger had early business development talks: Source

The development came as Amazon.com Inc is expanding aggressively into groceries with its acquisition of Whole Foods Market.

20 Dec 2017

Alibaba Cloud opens new data centre in India to empower SMEs

Alibaba Cloud has 33 zones in 16 economic centres worldwide.

Small and medium enterprises

24 Sep 2017

Five apps that technologically empower, digitise SME transactions

SBI - Buddy - Merchant - SBI Buddy Merchant App is State Bank of India`s Mobile Wallet for Merchants and Sub-Merchants to accept/collect payments from their customers against sale of goods and services.

20 Sep 2017

Alibaba-backed Best Inc raises $450 million in IPO after slashing terms

Up to $932 million had originally been expected for the listing, underscoring how some fast-growing companies may have to temper their expected valuations to lure investors burned by recent underperforming IPOs.

Snapdeal-Flipkart merger

11 Aug 2017

Complexity of deal derailed Flipkart-Snapdeal talks: Sources

While Snapdeal had stated that it would follow an independent path and was therefore, terminating all strategic talks, sources had said differences in valuation and terms of the deal had led to the fallout after five months of negotiations.

Chinese startup Ofo

28 Jul 2017

China bike-sharing firm Ofo in talks to raise $1 billion, led by SoftBank

The latest Ofo investment plan has not been finalised, the sources said, who declined to be identified as the discussions are private.

10 Jun 2017

Alibaba Cloud to open first data centre in India

The data centre will be set up in Mumbai by March 31, 2018, the group said, adding that another one will come up in Jakarta.

20 May 2017

China, India drive Alibaba's UCWeb revenue up 271%

Alibaba group firm UCWeb has reported a 271 percent year-on-year jump in its digital media and entertainment revenue for 2017 financial year on account of growth in China, India and Indonesia.

16 May 2017

Yahoo to buy back $3 billion shares

Yahoo said it would pay between $50.79 and $44.74 per share based on its calculations, Alibaba`s share price and timing of the buyback.

Reliance Capital

07 Mar 2017

Anil Ambani's Reliance Capital sells Paytm stake to Alibaba; makes over 2,000% profit

The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm.

Chinese e-Commerce Giant

22 Dec 2016

Chinese e-commerce giant Alibaba back on US govt's annual list of notorious markets

Chinese e-commerce giant Alibaba Group is back on the US government's annual list of "notorious markets" over counterfeit goods sales.

30 Sep 2016

9Apps, Disney tie-up to offer 300 mobile games in India

9Apps, part of Alibaba Group has announced its tie-up with Disney India`s Interactive business to host and promote over 300 popular mobile games from its gaming catalogue.

07 Jul 2016

Alibaba Group unveils smart 'internet-connected car'

The car has advanced fuel technology, more powerful accelerator, lower oil consumption and have a shorter braking distance.

06 Jun 2016

India accounts for 20% of UC Browser's global userbase

New Delhi: Alibaba group firm UCWeb on Monday said India accounts for about 20 percent of the global userbase of its flagship UC Browser with about 80 million monthly active users.

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