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China slaps record $2.7B fine on Jack Ma’s Alibaba

Beijing, April 10 | Taking its war against Jack Ma-founded empire to a serious level, Chinese regulators on Saturday slapped a record fine of...

Alibaba, Tencent, Baidu, complicit in turning China into an Orwellian state

By Pushkar SinhaNew Delhi, Feb 18 | A report by Foreign Policy Magazine has revealed that Chinese Tech Titans are assisting the Communist Party...

Alibaba’s Tmall Global helps global SMEs open online stores

Beijing, Jan 22 | Alibaba Group's online marketplace Tmall Global has announced a string of service solutions to facilitate overseas small and medium-sized companies...

After months, Alibaba co-founder Jack Ma reappears in public

Beijing, Jan 20 | Ending speculation about his whereabouts, Alibaba Co-founder Jack Ma has reappeared in public view after months amid increased scrutiny of...

Alibaba to shut down Xiami music app on Feb 5

Beijing, Jan 5 | Alibaba Group on Tuesday announced that it will close down its streaming platform Xiami music on February 5.Xiami was once...

After Alibaba, China goes after Jack Ma’s Ant Group

Beijing, Dec 28 | After China's top market watchdog began investigation last week into alleged anti-competition practices by ecommerce giant Alibaba, media reported...

China begins anti-trust probe into e-commerce giant Alibaba

Beijing, Dec 24 | In a significant development, China's top market watchdog on Thursday started investigation into alleged anti-competition practices by ecommerce giant Alibaba,...

Alibaba, Tencent’s e-book subsidiary fined in China

Beijing, Dec 14 | China's market regulator on Monday said it is imposing a fine on Alibaba, Tencent's e-book arm China Literature, and Shenzhen...

China Cloud services spend exceeds $5 billion in Q3, Alibaba leads

Bengaluru, Nov 29 | Alibaba Cloud remained the leader in the China Cloud services market in Q3 with a 41 per cent market share...

Alibaba records $56bn in 11.11 sales with 23 hours to go

Beijing, Nov 11 | Heavy spending by online shoppers helped the Chinese e-commerce giant Alibaba post record $56 billion in gross merchandise value (GMV)...

Alibaba 11.11 global shopping festival now in 2 phases

Shanghai, Oct 29 | Alibaba Group will hold its 11.11 global shopping festival with new innovations and features to meet rapidly changing consumer trends...

Alibaba Cloud denies report on data theft of Indian users

New Delhi, Sep 17 | Amid India's crackdown on Chinese companies engaged in suspicious activities, Alibaba Cloud, the data intelligence backbone of Chinese e-commerce...

SoftBank’s Masayoshi Son steps down from board of Alibaba

Tokyo, June 25 | SoftBank Group CEO Masayoshi Son on Thursday announced that he would step down from the board of Chinese e-commerce giant...

Tencent’s Ma Huateng dethrones Jack Ma as China’s richest person

Beijing, June 25 | Internet giant Tencent founder and CEO of Ma Huateng, worth $50 billion, has surpassed Alibaba Co-Founder Jack Ma's $48 billion...

Alibaba Cloud invests $283mn to empower global partners

Bengaluru, June 16 | Alibaba Cloud, the data intelligence backbone of Chinese e-commerce giant Alibaba Group, on Tuesday said it would invest $283 million...

Alibaba Cloud to create 5,000 tech jobs in next 10 months

New Delhi, June 9 | Alibaba Cloud on Tuesday said it is planning to recruit 5,000 people worldwide in areas including network, database, servers,...

Apple cuts iPhone prices in China for annual ‘6.18’ shopping fest

Beijing, June 2 | Apple has cut the prices of its latest iPhones in China ahead of the major online shopping festival 6.18. Apple has...

Indian SMEs to benefit from Alibaba Cloud’s $30mn programme

Bengaluru, April 23 | Small and medium-sized enterprises (SMEs) in India are set to benefit from a $30 million global "anti-COVID" programme that Alibaba...

Alibaba Cloud to invest $28 billion to boost Cloud infrastructure

Beijing, April 20 | Alibaba Cloud, the data intelligence backbone of Alibaba Group, on Monday announced to invest additional approximately $28 billion (RMB...

‘US embargo prevents Alibaba shipment to Cuba’

Havana, April 2 | Cuban authorities have said that the US embargo on the island nation has prevented a shipment by Chinese electronics giant...

Jack Ma, Alibaba foundations donate medical supplies to India

New Delhi, March 29 | The Jack Ma Foundation and the Alibaba Foundation have donated essential medical supplies to India along with six...

Global entertainment industry embraces Alibaba Cloud

Beijing, Jan 21 | Alibaba Cloud on Tuesday announced it has become the first Public Cloud vendor in the world to obtain the Trusted...

Business

RBI’s Regulations Review Authority sets up advisory group

Mumbai, May 7 | The Regulations Review Authority of the Reserve Bank of India (RBI) has constituted an advisory group to support it.The group...