Alibaba Group News
SoftBank posts $5.93 billion loss in December quarter as investment arm struggles
SoftBank generated a profit for the first time in three quarters in the prior quarter as it sold a sizable portion of its treasured holding, Alibaba Group Holding, to raise funds
Xi Jinping chases 'rejuvenation of the great Chinese nation' with control of tycoons, society
Beijing has launched anti-monopoly and data security crackdowns to tighten its control over internet giants, including e-commerce platform Alibaba Group and games and social media operator Tencent Holdings Ltd
Reliance Jio-Silver Lake Rs 5,655.75 cr deal: All you need to know about American private equity giant
Silver Lake's portfolio includes Twitter, AirBnb, Alibaba Group, Ant Financial, Didi Chuxing , Motorola Solutions and City Football Group.
NBA: Alibaba Group executive vice-chairman Joe Tsai approved as new owner of Brooklyn Nets
The backing of the NBA's board of governors was the final step to complete the deal, worth a reported $3.5 billion, for Tsai to buy the club and its arena, the Barclays Center
Brewing giant AB InBev seeks to raise $9.8 bn for Asia unit in world's largest IPO this year; deal to be a welcome boost to Hong Kong
AB InBev has previously said an IPO of its Asia business could help create a brewing champion for the region such as Budweiser or Corona.
China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter
China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said
Huawei unveils new database management system expanding its enterprise business
Huawei is trying to grow its enterprise service business, a segment which accounts for 10% of its revenue.
BigBasket to invest $100 million to strengthen supply chain, will set up vending machines and distribution centres across cities
BigBasket had recently raised $150 million in funding, led by Mirae Asset-Naver Asia Growth Fund, CDC Group and Alibaba Group.
iPhone assembler Foxconn's chairman steps down to pave way for younger talent
A change in leadership would come at a delicate time for the world’s largest contract manufacturer.
BigBasket raises $150 mn from South Korea's Mirae, China's Alibaba and UK's CDC Group
Online grocery platform BigBasket has raised about $150 million from South Korea's Mirae Asset Management, UK's CDC Group, and existing investor Alibaba, according to regulatory filings
Paytm to raise $1.5-2 billion from existing investors SoftBank Vision Fund and Alibaba, total valuation to touch $16-18 bn
Paytm's e-commerce affiliate Paytm Mall is also in talks with online marketplace eBay to raise around $150 million
Paytm extortion case: Noida court rejects former executive Sonia Dhawan's bail plea, says she committed 'serious crime'
The court while rejecting Dhawan's bail application said that there is adequate evidence against the former Paytm executive and her active involvement in the crime has come to light.
Didi Chuxing launches crowdfunding, lending services to diversify business
The products bring Didi into competition with investor Alibaba Group Holding Ltd.
Paytm extortion case: CEO Vijay Shekhar Sharma says accused Sonia Dhawan might just be 'conduit of a bigger plan'
Paytm, whose investors include China’s Alibaba Group and Japan’s SoftBank Group Corp, has declined to say how the stolen material would have allowed the blackmail of its founder, but added that only his personal data was taken.
Paytm bets on local expertise to fend off rivals, aims to increase offline merchants to 15 million by March 2019
Paytm is transforming into a financial services start-up with forays in banking, mutual funds and later insurance.
Chinese travel services provider Ctrip likely to join Zomato's financing round, may invest around $100 million
Ctrip will be joined by Zomato’s existing backer Ant Financial and a couple of new financial investors
Alibaba CEO Daniel Zhang to succeed Jack Ma as Chairman in September 2019; Ma to return to education sector
Ma, who had stepped down as CEO in 2013, is China's third-richest person with a net worth of $36.6 billion (as per reports citing Forbes magazine)
Alibaba Group's CEO Daniel Zhang to succeed Jack Ma as chairman from Sept. 2019
The co-founder of the company, Jack Ma, will remain as a board member of the Alibaba Group.
Tencent market value slumps by $20 billion after Chinese crackdown on gaming
Chinese Ministry called on parents to limit the time their children spend using mobile phones.
Paytm Mall looks to deepen regional partnerships in fight with Walmart-controlled Flipkart
Paytm Mall is also open to buying a stake in another retailer or selling a stake in Paytm Mall if a “strategic alignment” was needed, he said, but declined to comment on media reports that said the company was looking to buy a minority stake in Future Retail.