Alibaba-Backed Nice Tuan Fined 1.5 Million Yuan Over Its Market Behaviour

Alibaba-backed Nice Tuan is fined 1.5 million yuan (that is around $235,302) and has been asked to suspend its functions for three days in Jiangsu province by the Chinese regulator. The Chinese market regulator took this step because of Nice Tuan’s irregular pricing checks and product dumping. In a statement released on the State Administration […]

Alibaba Group Holding Ltd (NYSE: BABA) And Other Investors Lead $400 Million Funding For Masan Group’s Retail Division

Alibaba Group Holding Ltd (NYSE: BABA) is leading a $400 million investment funding round in Masan Group Corp’s retail arm, Crownx. The investment in the Vietnamese conglomerate’s retail unit marks Alibaba’s first investment in Vietnam, which is among the fastest-growing Asian economies.  Alibaba acquires a stake in Masan’s retail division, The CrownX. The Chinese e-commerce […]

Alibaba Group Holding Ltd (NYSE: BABA) Talent Nurturing Initiative Hurts Top-Tier Officials’ Salaries

Over the years, senior executives at Alibaba Group Holding Ltd (NYSE: BABA) have enjoyed pay hikes and stock incentives, but they now have to put up with frozen pay. The Chinese e-commerce giant freezes the top officials’ pay and instead implements salary increases to its junior staff. It explains its move as an effort to nurture […]

Alibaba Holdings Ltd (NYSE:BABA) Bringing Taobao Deals To WeChat Platform As Regulatory Crackdown Intensifies

Chinese e-commerce giant Alibaba Holdings Ltd  (NYSE:BABA) has announced plans to offer its bargain service on Tencent Holdings Ltd.’s WeChat messaging platform, which is a major concession to an antitrust campaign. Alibaba to launch Taobao Deals app in Tencent’s WeChat Platform The growing antitrust campaign from Chinese regulators on web-based monopolies prompted Alibaba to take […]

A Minute Long Video Of Jack Ma Provides Respite For Alibaba Group Holding Ltd (NYSE:BABA)’s Investors: Expects To Pay Penalties Of $7.8 Billion For Abusing Market Dominance

Jack Ma’s appearance in a minute-long video last week gave much-needed reprieve for Alibaba Group Holding Ltd (NYSE:BABA) after the crackdown by the regulator into its business practices. However, the investors still grapple with the dilemma of questions that wiped out its market value of $150 billion. Expects to post the lowest growth in Q3 […]

Alibaba Group Holding Ltd (NYSE:BABA) Holds Top Slot In The Cloud Services Market In China With A Share of 40.1%

The demand for cloud services in China is second to the US in the world. Alibaba Group Holding Ltd (NYSE:BABA) holds a market share of 40.1% in the cloud services market in China and occupies the top slot. Given the government stimulus measures and growing demand for cloud services amid the ongoing coronavirus crises, the […]

After TikTok, Alibaba Group Holding Ltd (NYSE:BABA) May Be The Next Target In U.S-China Trade War

Trump’s crackdown on Chinese tech companies does not seem to slow down any time soon after the US president gave the latest indication of extending the crackdown to Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA). In the latest escalation of conflicts between the world’s two superpowers, the US has been aiming at Chinese tech […]

Alibaba Group Holding Ltd (NYSE:BABA) Handled The COVID-19 Crisis Better Than Amazon.com Inc. (NASDAQ:AMZN)

E-commerce giants Alibaba Group Holding Ltd (NYSE:BABA), Amazon.com Inc. (NASDAQ:AMZN), and JD.Com Inc. (NASDAQ:JD) have been on the spotlight regarding on how they have handled the COVID-19 crisis with some handling it better than others. Amazon drawing criticism on the handling of COVID-19 situation Although these e-commerce giants are different, all of them have nevertheless […]

CFO of PayPal Holdings Inc (NASDAQ:PYPL) Says Merchants Stay Away from Cryptocurrency Due to High Volatility

John Rainey, Chief Financial Officer of PayPal Holdings Inc (NASDAQ:PYPL) said the merchants are distancing away from digital currency because of price volatility. PayPal is a leader in accepting cryptocurrencies. The merchants also could accept the digital currency Bitcoin (BTC) since 2014 on the platform when the bitcoin was around $400. According to PayPal, merchants […]

Softbank Corp. (Japan)(OTCMKTS:SFTBY) New Travel Firm Targets Chinese Tourists To Japan

Softbank Corp. (Japan) (OTCMKTS:SFTBY) finished the last trading session with a gain of 1.18% but the close proximity of the final closing price $27.8050 with the day open $27.82 reflected the indecision on the part of the investors. The daily candle took the form of a Doji, indicating the indecisive state at this point of […]

Baidu Inc. (ADR) (NASDAQ:BIDU) Moves Into Service Industry Despite Investor Concerns

Baidu Inc.’s (ADR) (NASDAQ:BIDU) Robin Li wants to diversify the services offered by the top search engine in China; these include helping people to book a doctor’s appointment or get their laundry delivered. Li believes that the future lies in services connecting people to entrepreneurs and businesses in the real world. He is investing billions […]

Alibaba Group Holding Ltd (NYSE:BABA) ’s New Pasadena Hub Indicates LA As Emerging Gateway to China

Alibaba Group Holding Ltd (NYSE:BABA) ‘s leasing of a 22,000 square foot office space in Pasadena’s new Playhouse Plaza indicates the expansion of cross-border China and southern Californian business connections. Technology, entrepreneurship, venture investment and close by innovation hubs are endeavoring to make startups more pivotal to the city’s economic foundation. Just 15 years back, […]

Alibaba Group Holding Ltd (NYSE:BABA) And FOXCONN TECHNOLOGY (OTCMKTS:FXCOF) Preparing For A $500 Million Joint Venture In India’s Snapdeal

Chinese e-commerce firm Alibaba Group Holding Ltd (NYSE:BABA) is in talks with FOXCONN TECHNOLOGY (OTCMKTS:FXCOF) to start a joint investment worth $500 million in Snapdeal.com from India. Sources revealed that Snapdeal could be valued at $5 billion once the deal takes root. Snapdeal brings merchants and buyers together where they can trade a wide range […]

Alibaba Group Holding Ltd (NYSE:BABA) All Set To Launch China’s version of Netflix, Inc. (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) wants a significant slice of the big Chinese market of 1.36 billion people for itself. However Alibaba Group Holding Ltd (NYSE:BABA) may well be a formidable competitor. Alibaba, a huge Web firm famous for its e-commerce business has acknowledged recently that it is poised to introduce a service akin to Netflix in […]

Online Sales Prospects In China For American Businesses

Jack Ma, the CEO of Alibaba Group Holding Ltd (NYSE:BABA) visited the United States this week to promote the participation of American businesses in his e-commerce firm. His visit is part of the company’s expansion strategy outside China. Mr. Ma revealed that Alibaba wants to partner with American businesses and companies to bring their products […]