Search result for Alibaba
Alibaba Cloud debut its cloud computer in Singapore
Alibaba Cloud, a Chinese cloud computing company, has debuted its cloud computer in Singapore, which eliminates the need for expensive desktop hardware to conduct compute-intensive operations.
The palm-sized computer, dubbed Wuying, weighs just 60g and is powered by Alibaba's Elasti...
ALIBABA EXPECTS NO MATERIAL IMPACT AFTER BEING FINED $2.75 BILLION
Highlights –
- Alibaba expects no material impact after being fined $2.75 billion.
- Alibaba was fined by China’s antitrust regulator for abusing market dominance.
- Alibaba Group Holdings Ltd shares rose as much as 9% in Hong Kong tr...
CHINESE REGULATOR MAKES ALIBABA GROUP PAY $2.8 BILLION AS FINE
Highlights –
- Chinese regulator makes Alibaba Group pay $2.8 billion as fine.
- Alibaba Group has been fined for anti-competitive tactics.
- Alibaba accepted the penalty and has said to comply the same with determination.
- Tencen...
11 CHINESE TECHNOLOGY COMPANIES SUMMONED ON USE OF ‘DEEPFAKE’ TECHNOLOGIES
Highlights –
- 11 Chinese technology companies summoned on use of ‘deepfake’ technologies.
- Alibaba Group, Tencent and ByteDance are among the companies summoned by Chinese regulators.
- Deepfakes are said to use artificial int...
CHINA’S PINDUODUO E-COMMERCE FIRM REPORTS A 146% SURGE IN QUARTERLY REVENUE
Highlights –
- China’s Pinduoduo e-commerce firm reports a 146% surge in quarterly revenue.
- The company reported 788.4 million annual active buyers until the end of 2020.
- The company’s shares fell by 9% in pretrade activity ...
GLOBAL INVESTORS VALUE ANT GROUP AT OVER $200 BILLION AFTER HALTING IPO
Highlights –
- Global investors value Ant Group at over $200 billion after halting IPO.
- The amount is said to be third above Ant’s valuation after its fundraising in 2018.
- Ant’s business was affected a little by regulatory s...
CHINESE ANTITRUST REGULATORS LIKELY TO LEVY ALIBABA GROUP’S ON RECORD FINE
Highlights –
- Chinese antitrust regulator's likely to levy Alibaba Group’s on record fine.
- The fine is likely to surpass $975 million, an amount paid by Qualcomm in 2015.
- Chinese regulators have been stinging criticism on Jac...
ARE CHINA’S TYCOONS OUT OF LEAGUE WITH THE REST?
- One day you are right on top of the world, next day you are down in the dumps! China’s billionaire rankings are as finicky as ever. In 2017,
- Hui Ka Yan, founder of real estate developer China Evergrande Group, was the nation’s most opulent man.
TOKYO STOCKS END FLAT ON FRIDAY WITH INVESTORS AWAY FOR CHRISTMAS HOLIDAYS
Highlights –
- Tokyo stocks end flat on Friday with investors away for Christmas holidays.
- The 225-issue Nikkei Stock Average ended down at 11.74 points.
- The Topix index of all First Section issues on the TSE ended at 4.14 points. ...
SEVERAL PREFECTURAL POLICE ARREST 8 MEN FOR SELLING COUNTERFEIT ‘DEMON SLAYER’ FIGURINES
Highlights –
- Several prefectural police arrest 8 men for selling counterfeit ‘Demon Slayer’ figurines.
- Kyoto, Hyogo, and Akita prefecture police arrested the 8 men.
- The suspects are said to have infringed the country&rsquo...
ALIBABA GROUP TO SHY AWAY FROM INDIAN STARTUPS MOMENTARILY
- China’s largest e-tailer, Alibaba Group is done with investing in Indian startups for the time-being at least, amidst geo-political conflicts arising from border skirmishes.
- The Chinese group which has investments worth around $2 billion lying in Indian startups has come ...
CHINA ROOTS FOR WAR EPIC 1917; FORD v FERRARI A DAMP SQUIB
- Universal's 'Dolittle' and the rerun of Christopher Nolan's 'Interstellar' continue to be the silver lining since cinemas reopened in the country.
- Sam Mendes' ravaging World War I movie 1917 debuted at the top of China's box of...
CHINA BIDS FAREWELL TO THE INTERNATIONAL FILM FESTIVAL ON A RESOUNDING NOTE
- China sent ecstatic signals to the world after it gave a sweet podium finish to the Shanghai International Film Festival (SIFF) on Sunday, eliminating all traces of despair for the world's second-largest film market.
- With much of the world in an accelerated grip of COVID-19...
JACK MA RESIGNS FROM SOFTBANK BOARD
Highlights
• Jack Ma served on the board of SoftBank for over a decade
• SoftBank Group announced operating losses worth $12.7 billion for the fiscal year ended on March 31
Hours after SoftBank announced the largest loss in its history, which is also one of...
Hongkong will hold the record for major IPO listing in the world in 2020
According to Accounting Firm PricewaterhouseCoopers (PwC), Hong Kong will remain among top three centers worldwide for initial public offerings in 2020. Along with 180 firms expected to raise US$33.4 billion. As reported in the market year end review report.
Eddie Wong, Partner at PwC H...
Saudi Aramco IPO and Alibaba IPO performed well in the market apart from Uber IPO
Saudi Aramco’s IPO
In the beginning of December month Saudi Aramco’s IPO priced at the top end of its range, at value of $1.7 trillion.
The stock’s first day of trading directly made the company officially known as the Saudi Arabian...
Partnership between Alibaba Cloud and ZNet boosts sales
Alibaba Cloud has recently announced that the company is going to join hands with ZNet Technologies Private Limited. The former is a Chinese cloud computing organization and a subsidiary of Alibaba Group, while the latter is India’s top distributor and offers cloud infrastructure and manage...
Rags to riches story Jack Ma
“The very important thing you should have is patience”
Jack Ma a billionaire, popularly known as Co-Founder and former Executive Chairman, Alibaba Group. According to Forbes, he used to be an English teacher after which he co-founded Alibaba Group a global leader in e-commer...
"Double-11" Sales broke records across the world
After the latest, a twenty-four-hour shopping spree on Tmall Shanghai got the 4th rank. The total sales made on the ‘Doube-11’ singles day were worth 17.3 billion yuan which is equivalent to US 2.47 billion dollars. This is an increase of 24 percent as compared with the previous year....
Alibaba stock to go public after 2010, date undecided
IPO (Initial Public Offering) has been an important aspect of the stock markets of the world, and the IPOs have seen a major fall in the overall trend of the year 2019. But there is a stock that has been intriguing the investors and has them anxiously waiting for it.
The stock is none o...