Alexa

Chinese regulator orders Ant Group to conduct major overhaul

HONG KONG (AP) — Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid step...

Alibaba shrugs off $2.75 billion antitrust fine, shares rally

SHANGHAI (Reuters) -Alibaba does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulator...

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust f...

China: Alibaba fined $2.8 billion over anti-monopoly violations

Chinese e-commerce giant Alibaba was fined 18.2 billion yuan ($2.78 billion, €2.3 billion) by regulators on Saturday for violating anti-monopoly rules, state-run media reported. The State Admini...

China halts new enrollments at business school backed by Jack Ma: FT

Beijing authorities have forced an elite business school backed by Alibaba Group Co Ltd founder Jack Ma to halt enrollments, the Financial Times said on Friday (April 9), citing sources familiar with ...

Founder of Chinese e-commerce firm Pinduoduo departs

HONG KONG (AP) — Colin Huang, founder of the Chinese e-commerce firm Pinduoduo, stepped down as chairman Wednesday just as the company’s annual user base surpassed that of rival Alibaba. ...

Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders

Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media - the snub underscoring how just far he has fallen out of favor with Beijing. Chin...

Jack Ma's reappearance fails to soothe all investor concerns

Jack Ma’s 50-second video reappearance may have buoyed Alibaba Group’s shares, yet it has done little to resolve the Chinese e-commerce giant’s troubled relationship with regulators ...

Business Highlights

___ Wall Street hits records as hopes build for more stimulus NEW YORK (AP) — Stocks rallied to record highs on Wall Street as traders hoped that new leadership in ...

Netflix, Alibaba rise; Bank of New York, US Bancorp fall

NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday: Alibaba Group Holding Ltd., up $13.84 to $265.49. The Chinese e-commerce company's co-f...

Chinese e-tycoon Jack Ma ends silence with online video

BEIJING (AP) — China’s highest-profile entrepreneur, e-commerce billionaire Jack Ma, appeared Wednesday in a video posted online, ending a 2 1/2-month disappearance from public view that p...

Chinese e-tycoon Jack Ma ends silence with online video

BEIJING (AP) — China’s highest-profile entrepreneur, e-commerce billionaire Jack Ma, appeared Wednesday in a video posted online, ending a 2 1/2-month disappearance from public view that prompted spec...

China: Alibaba founder Jack Ma appears for first time since government crackdown

Jack Ma, the founder of China's largest e-commerce company Alibaba, on Wednesday made his first public appearance since October when he spoke to a group of teachers online. The Jack Ma Foundation...

Deaths, self-immolation draw scrutiny on China tech giants

HONG KONG (AP) — E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himse...

PE firm Primavera chairman believes Ma "safe and sound", upbeat on Ant

The chairman of private equity firm Primavera Group, which counts China’s Ant Group among its portfolio companies, believes the financial technology giant’s founder Jack Ma is “safe ...