Tag: Alibaba
Alibaba, Tencent fined under anti-monopoly law of China
The multinational technology giants Alibaba Group Holding and Tencent Holdings have been fined $76,500 each by Chinese regulators for failing to disclose past acquisitions...
Another blow to China; India bans 43 more apps over security...
India is not done banning Chinese apps. The second-largest internet market in the world, which has banned more than 175 apps with links to...
Ant Group’s mega IPO receive final nod from Chinese regulator
Chinese FinTech company Ant Group has received the final approval from the country’s top securities watchdog for the registration of its Shanghai offering and...
Saudi PIF eyes stake in Alibaba’s Ant Group
Saudi Arabia's Public Investment Fund (PIF) is reportedly considering a potential investment in the initial public offering (IPO) of the world's highest-valued FinTech company,...
Alibaba pulls funding to Indian firms amid tensions at the border
Chinese multinational company, Alibaba which has investments in e-commerce, retail, Internet, and technology across the globe, will reportedly pause its investment plans for Indian...
After TikTok, Alibaba faces US Ban
After his pressure move to force action on TikTok deal, U.S. President Donald Trump moving to exert pressure on more Chinese companies such as technology...
Alibaba’s Jack Ma summoned by Indian Court
About a month after the Indian government banned 59 Chinese applications including TikTok, UC Browser, Club Factory, WeChat and Shareit, Alibaba and its founder...
Jack Ma sells Alibaba stake to support philanthropic efforts
According to the company’s annual filing, Jack Ma, co-founder of Alibaba Group Holding has reduced his shareholding in the company to 4.8% from 6.4%...
