Indian conglomerate Tata Sons plans to buy a majority stake in Alibaba-backed online grocery seller BigBasket, a filing with the country’s antitrust body showed on Friday.
China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
China’s Alibaba Group Holding plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month, four people with knowledge of the matter said, amid regulatory scrutiny of co-founder Jack Ma’s empire.
Speculations have been going on for weeks about his whereabouts after he disappeared from the public following an October speech criticizing China’s financial system.
China’s retail giant Alibaba is finally making its move on Europe. The company is undercutting the sellers’ fees to attract vendors but has had mixed results, six sources with direct
Dubai Electricity and Water Authority (Dewa) has signed a Memorandum of Understanding (MoU) with Alibaba Cloud, the data intelligence backbone of Alibaba Group.
Alibaba Group Holdings Ltd said on Wednesday it has developed a new chip that specialises in machine-learning tasks and which will be used in services provided by its cloud computing division.
Alibaba Group Holdings said it has developed a new chip that specialises in machine-learning tasks and which will be used to enhance services for its cloud computing division.
China’s biggest e-commerce company Alibaba Group Holding has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Alibaba’s Hong Kong-listing plans are being closely watched by the financial community for indications on the business