Search result for Alibaba Group
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 ...
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...