Alibaba’s Ant Group to Become a Financial Holding Company
The development comes after regulators imposed a $2.8-billion fine on Alibaba for violating anti-monopoly law.
U.S. Government Blacklists Xiaomi and Cnooc
China’s leading smartphone maker and its third-biggest oil driller were added to the list of firms banned from American investment.
Alibaba, JD, Pinduoduo’s U.S. Listing Fate Hangs in Balance
House vote on audit rules could force the delisting of Chinese stocks if they don't comply with regulations.
Alibaba’s Cloud Growth Outperforms Amazon’s and Microsoft’s
The Chinese tech giant’s cloud segment posted $2.19 billion in quarterly revenues, growing at 60% year-over-year.
Ant Group Suspends Mammoth IPO
The initial public offering would have valued Ant at more than $310 billion.
Alibaba Gets Majority Stake in Sun Art Retail With $3.6B Funding
Sun Art’s hypermarkets are already integrated with Alibaba’s one-hour delivery project.
E-commerce Companies in China Offer Jobs Amid Coronavirus Outbreak
JD.com hopes the 20,000 new jobs will help minimize the impact of the coronavirus on employment.
Ant Financial Makes Move on Singapore Market
The Chinese electronic payments company has applied for a digital banking license in Singapore as it continues its shift toward overseas markets.
Alibaba on Track to Raise $12.9B in HK Listing
Investor enthusiasm for the secondary listing is "a vote of confidence in the Asian financial hub" after months of civil unrest.
Alibaba Seeks Share of U.S. B2B E-Commerce
Alibaba's move to open its platform to U.S. sellers puts it "in direct competition with Amazon in the business-to-business online marketplace."
BIS Warns of Risks From Big Tech Banking Moves
Ventures by companies such as Facebook into financial services "have the potential to generate new risks and costs associated with market power."