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The Latest Breaking News from Alibaba

Jack Ma lands in Hong Kong on latest stop of a global tour

HONG KONG: Alibaba Group Holding Ltd co-founder Jack Ma is in Hong Kong for a series of meetings with tech and finance executives, sustaining a recent flurry of activity that’s taken him round the world in the span of months.

The Times of India

China to take ‘golden shares’ in tech firms Alibaba and Tencent

Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check

The Guardian - UK

China’s government to take golden shares in Alibaba, Tencent

BEIJING: Chinese government entities are set to take so-called “golden shares” in units of Alibaba Group Holding Ltd and Tencent Holdings Ltd, suggesting Beijing is moving to ensure greater control over key players in the world’s largest internet arena.

The Times of India

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Weekly Must-Read: China Wraps Up Two-Year Tech Crackdown

Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook

Caixin Global

Beijing seen shifting stance over control over major IT companies

BEIJING -- The Chinese Communist Party and the government is increasingly believed to be loosening its tight controls on the country's major IT firms, such as Alibaba Group Holding Ltd.

The Japan News/Yomiuri

Billionaire Jack Ma to cede control of China’s Ant Group

Business magnate Jack Ma who controlled over 50 percent of the fintech giant’s shares will now hold just 6.2 percent.

Al Jazeera

Billionaire Jack Ma chills in Bangkok

Billionaire Alibaba founder Jack Ma has been chilling in Bangkok this week amid reports that he is taking more steps to scale back his personal involvement with his online empire.

Bangkok Post

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Exclusive! Avneet Kaur is not replacing Tunisha Sharma in Ali Baba: Dastaan-E-Kabul; deets inside

Television show Ali Baba: Dastaan-E-Kabul has been in talks since the time the lead actress of the show Tunisha Sharma reportedly died by suicide on the sets of the show. Her co-actor Sheezan Khan was arrested and is currently in judicial custody. The show however did not go off air…

The Times of India

Tunisha Sharma & Sheezan Khan’s TV show Alibaba —Dastaan-e-Kabul will continue, but no new actress will replace her

When 20-year-old Tunisha Sharma died tragically on December 24 and a day later, her co-actor Sheezan Khan was arrested for abetment to suicide, everyone thought that their TV show Alibaba — Dastaan-e-Kabul would be pulled off air abruptly. The two were the lead actors and given that television shows barely…

The Times of India

Chinese regulators approve capital expansion for Ant Group

Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure

The Independent UK

Tao Huabi's Lao Gan Ma chilli sauce is a beloved household staple but will her Chinese success story continue?

For decades, Tao Huabi's Lao Gan Ma chilli crisp sauce has dominated China's spicy sauce market but, now, a cloud of competition is looming over her chilli empire.

ABC News

Alibaba's free trade hub in Thailand begins trial operation

A free-trade-zone project in Thailand, launched in 2018 by Alibaba Group Holding while company founder Jack Ma was still CEO, has finally started trial operation.

Bangkok Post

Jack Ma reported living in Japan after China tech crackdown

TOKYO: Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.

Bangkok Post

Alibaba founder Jack Ma hiding out in Tokyo, reports say

Billionaire rarely seen in public since criticising attitude of China’s regulators towards tech firms in 2020

The Guardian - UK

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The Times of India

Chinese billionaire Jack Ma living in Tokyo after China's crackdown against firms: Report

BEIJING: Chinese billionaire and e-commerce giant Alibaba founder Jack Ma who ran into trouble with the Chinese government over violating anti-monopoly regulations and kept a low profile since 2020 is now living in Tokyo for about six months, according to a media report on Tuesday.

Tribune News Service

NBPA VP Jaylen Brown takes aim at Joe Tsai over Kyrie Irving ban: ‘It’s time for a larger conversation’

Jaylen Brown, National Basketball Players Association Vice President and Boston Celtics All-Star, says “it’s time for a larger conversation” now that star Nets guard Kyrie Irving continues to miss games beyond his minimum five-game suspension.

Benzinga

Alibaba Up Over 2%, Nio Down 3%: Hong Kong Stocks Mixed As Varying Voices From Fed Cool Rally Down

Hong Kong stocks traded mixed on Tuesday morning, with the benchmark Hang Seng Index trading 1.87% higher, while some electric-vehicle stocks took a hit. Different voices from the U.S.

Benzinga

SoftBank Can't Catch A Break: Fund Invested $100M In FTX

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

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Benzinga

Alibaba Climbs As Hang Seng Kicks Off Another Bullish Week: What's Going On?

Alibaba Group Holdings Inc (NYSE: BABA) was trading higher premarket Monday after gaining 1.43% higher in Friday's session as the stock continues to trend in a rising channel pattern that Benzinga

Benzinga

Facebook Stalls Portal & Smartwatch Projects, Visa Breaks Debit Card Tie Up With FTX, $3B Bitcoin Withdrawn From Crypto Exchanges: Top Stories Monday, Nov. 14

Reuters

Bangkok Post

Alibaba mum on Singles Day sales

SHANGHAI: Alibaba Group has declined to reveal the final sales tally of its annual Singles Day shopping festival for the first time since it started the event in 2009, saying only that results were in line with last year.

The Independent UK

Japan's SoftBank returns to profit as investments rebound

Japanese technology investor SoftBank Group has reported a 3 trillion yen, or $21 billion, profit for the July-September quarter, a sharp reversal from its loss a year ago

The Independent UK

Singles Day 2022: What is the celebration and where did it come from?

It’s the biggest shopping day in the world

Asharq Al-Awsat

China's Singles Day Shopping Spree Enters Final Stretch

China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan ($140 billion) despite the country's struggling economy. Conceived by technology giant Alibaba, the informal holiday's title riffs on a tongue-in-cheek celebration of singlehood inspired by the four…

The Independent UK

China's muted Singles' Day shopping fest expects slow growth

China's biggest online shopping festival, Singles' Day, is muted this year with sales numbers expected to grow slowly amid an uncertain economy and COVID-19

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