Alibaba Archives - CFO

Alibaba’s Ant Group to Become a Financial Holding Company

Risk & Compliance

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.

By Lauren Muskett | April 12, 2021

U.S. Government Blacklists Xiaomi and Cnooc

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.

By Lauren Muskett | January 15, 2021

Alibaba, JD, Pinduoduo’s U.S. Listing Fate Hangs in Balance

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.

By Lauren Muskett | November 30, 2020

Alibaba’s Cloud Growth Outperforms Amazon’s and Microsoft’s

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.

By Lauren Muskett | November 6, 2020

Ant Group Suspends Mammoth IPO

Ant Group Suspends Mammoth IPO

The initial public offering would have valued Ant at more than $310 billion.

By Lauren Muskett | November 3, 2020

Alibaba Gets Majority Stake in Sun Art Retail With $3.6B Funding

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.

By Lauren Muskett | October 19, 2020

E-commerce Companies in China Offer Jobs Amid Coronavirus Outbreak

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.

By Lauren Muskett | February 12, 2020

Ant Financial Makes Move on Singapore Market

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.

By Matthew Heller | January 2, 2020

Alibaba on Track to Raise $12.9B in HK Listing

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.

By Matthew Heller | November 20, 2019

Alibaba Seeks Share of U.S. B2B E-Commerce

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."

By Matthew Heller | July 23, 2019

BIS Warns of Risks From Big Tech Banking Moves

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."

By Matthew Heller | June 24, 2019

Agribusiness Bonanza Rises in China for Syngenta

Agribusiness Bonanza Rises in China for Syngenta

CFO Mark Patrick discusses the enormous business opportunities available to Syngenta now that it's owned by a big Chinese company.

By David McCann | March 20, 2019

Alibaba Boosts Stake in Chinese Bank to 4.8%

Alibaba Boosts Stake in Chinese Bank to 4.8%

The e-commerce giant joins rival Tencent in becoming a major CICC shareholder as both firms eye opportunities in fintech.

By Matthew Heller | February 19, 2019

China’s iQiyi Readies IPO to Raise $1.5 Billion

China’s iQiyi Readies IPO to Raise $1.5 Billion

The video-streaming unit of search-engine giant Baidu needs capital to fund content development as it competes with Tencent and Alibaba.

By Matthew Heller | February 28, 2018

U.S. Blocks Sale of MoneyGram to Ant Financial

U.S. Blocks Sale of MoneyGram to Ant Financial

The demise of $1.2 billion deal suggests U.S. officials are concerned about the data security implications of takeovers by Chinese investors.

By Matthew Heller | January 3, 2018