Shares in Alibaba slumped Friday upon the Chinese e-commerce giant's announcement it would invest 100 billion yuan ($15.5 billion) in charitable causes after President Xi Jinping called for the rich to do more to tackle inequality.
's CEO on Monday said he will fire a manager accused of rape, and condemned an "ugly forced drinking culture" as one of China's most famous firms faces public outcry over the scandal.
Chinese e-commerce giant Alibaba said on Sunday that it was cooperating with a police investigation into sexual assault allegations aired by a company employee. A statement by Alibaba said the company also had suspended "relevant parties suspected of violating our policies and values," asserting that it had a "zero-tolerance policy against sexual misconduct." An unidentified…
Chinese e-commerce leader Alibaba Group said Tuesday that it posted lower profit but maintained steady revenue growth, indicating that a government crackdown on the country's tech giants was having little impact on its core business.
Shares in tech giant Alibaba climbed more than six percent Monday as the ecommerce titan reassured investors that a record $2.78 billion antitrust fine imposed by China would have little impact on its operations.
China denied on Friday it was planning to hit e-commerce giant Alibaba with a record fine of almost $1 billion for allegedly flouting monopoly rules, as authorities turned up the pressure on the country’s vast technology sector.
With the advent of technology, we see an increasing number of companies transitioning online to conduct their business. Giant e-commerce conglomerates such as Amazon, Alibaba, and Flipkart are prime examples of how products are purchased without a retail structure at the very click of a button. We have been observing a steady growth in the…
Chinese e-commerce giant Alibaba saw profits jump over the last three months of 2020 as economic activity returned in China and online spending continued apace.
Jack Ma, the billionaire founder of Chinese internet behemoth Alibaba, made his first public appearance in over two months in an online video Wednesday, ending weeks of speculation about his whereabouts.
Veteran Nigerian comedian Alibaba in an Instagram post has shared his experience with coronavirus. He shared the video on his page and reminded everyone of the need to continue to keep safe as Covid-19 is not a joke or scam as widely speculated by many Nigerians. In the shared video, he sympathized with all those…
29 Dec 2020
In the last days of his presidential term in the US, Donald Trump is sparing no moment to cut China to size. He has signed a bill that could lead to the delisting of Chinese companies like Alibaba Group Holding Ltd, Baidu, Pinduoduo, PetroChina and others from US exchanges.
24 Dec 2020
China has launched an anti-monopoly investigation into Alibaba, regulators said Thursday, sending the share price of the e-commerce giant tumbling and intensifying the troubles of its billionaire founder Jack Ma.