China Newsbase
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The China News Database was last updated at 08:27AM on December 31, 2023.
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14 articles matching the search query.
Editor’s note for June 1, 2023
A note for Access newsletter readers from Jeremy Goldkorn.
Can Alibaba’s six-ring circus succeed?
In its first earnings call following a restructuring prompted by regulatory pressures and investor expectations, Alibaba is signaling a shift toward financial optimization. But can it restore investor confidence and keep the government happy?
Jack Ma will no longer pull the strings at Ant
Billionaire Jack Ma will no longer control fintech powerhouse Ant Group, and a senior official says China’s tech crackdown has ended. These are signs that the ‘previous era of breakneck growth is over,’ Martin Chorzempa, a senior fellow at the Peterson Institute for International Economics, told The China Project.
Editor’s note for Friday, November 5, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: Jack Ma might soon sell the South China Morning Post to a Chinese state-owned company; foreign journalists and foreign residents in Hong Kong are frustrated with declining freedoms; considering the future of “COVID zero” and India-China relations.
Beijing to require Ant’s Alipay to spin off separate loan app
Ant Group knows how its customers spend their money, and can target them for loans if they are profligate spenders. That practice may be about to end, according to a new report on upcoming regulator actions.
Xi Jinping’s graft busters are probing Jack Ma’s home city, and a rising star of Xi’s Zhejiang clan
Zhejiang is the economic powerhouse that set the groundwork for the rise of Chinese leader Xi Jinping. Now the purge of the Party chief of Hangzhou, a business center of the province and home to Alibaba, has sent a chill across the country’s political and business elites. Lizzi Lee explains why.
Ant issues self-disciplinary rules, CEO resigns
Alibaba affiliate and fintech giant Ant Group wants to appease the authorities with self-regulation, but will this be enough to get the government off its back?
Ant Group underfoot — why U.S. markets aren’t dead yet
The government may have just been waiting for the right moment to crack down on China’s internet giants, but why now? Why Alibaba? What happened behind closed doors?
Public opinion on Jack Ma swings wildly after China calls off Ant Group’s IPO
The domestic reputation of Jack Ma — the Chinese billionaire and co-founder of tech giant Alibaba — has taken a precipitous tumble after China suspended the blockbuster listing of Ant Group, a financial technology company affiliated with Alibaba.
Ant Group IPO suspended after Jack Ma criticizes regulators
The Shanghai Stock Exchange postponed the massive IPO of Ant Group, a few days after its majority controller, Jack Ma, criticized China’s state-dominated banking system. The exact reasons for the suspension are not yet clear.
Will Jack Ma’s Ant Group have the biggest IPO ever?
Ant Group, the Alibaba-affiliated financial technology giant, filed yesterday for a massive IPO on both the Hong Kong and Shanghai STAR stock markets. It is estimated to be worth more than $200 billion, meaning its listing could be one of the biggest in history.
Swinging Singles’ Day: Alibaba holiday drives shoppers in China
“Singles’ Day poses something of a quandary for China’s government, which welcomes the shot in the arm to the economy but looks askance at rampant materialism,” The Wall Street Journal reports. Last year’s sales of $14.3 billion in goods far surpassed “the numbers seen on the Black Friday and Cyber Monday shopping sprees that follow Thanksgiving in the U.S.,” and this year, the sales are expected to be even higher.
