China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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1,796 articles matching the search query.
Alibaba, JD.com Stocks Jump as Chinese Government Pledges More Stimulus
Tech stocks in China are leading a broader rally after the government signals determination to hit its growth target.
Hang Seng Tech Index: Alibaba, JD.com Stocks Jump as China Pledges Stimulus
U.S.-listed Chinese stocks jumped across the board on Friday with tech shares leading the gains after Beijing pledged more stimulus to rescue an economy hampered by extended Covid lockdowns and to support the development of tech platform companies.
Alibaba (BABA) Stock: Why The Price Increased Over 12%
The stock price of Alibaba Group Holding Ltd (NYSE: BABA) increased by over 12% pre-market today. This is why.
Alibaba Stock Price Forecast: There is a Potential for Advance Towards $98
Bullish Alibaba stock price forecasts are yet to materialize, following the muted performance of the stock so far in the New York trading session.
Tencent, Alibaba, Meituan Shares Soar on Easing China Crackdowns Speculation
Technology stocks led a broad rally in Chinese equities on Friday as the nation’s top leaders vowed to boost economic stimulus and as speculation grew about a possible easing of the continued crackdown on internet firms.
Alibaba Edges Lower, Most Tech Peers Follow Suit: What's Dragging Hong Kong Stocks Today? By Benzinga
Alibaba Edges Lower, Most Tech Peers Follow Suit: What's Dragging Hong Kong Stocks Today?
Alibaba (9988): China's Anti-Graft Agency Has Direct Role in Jack Ma’s Ant Probe
China’s biggest graft-busting body was involved in the probe of Ant Group: The Central Commission for Discipline Inspection (CCDI), which oversees corruption probes into top Party officials, was one of the agencies named in a recent investigation into links between state-owned Chinese firms and Ant — the fintech offshoot of Alibaba.
Ant’s planned IPO was canceled after Alibaba founder Jack Ma (马云 Mǎ Yún) criticized China’s financial regulators in 2020. Chinese prosecutors this week charged former Hangzhou Party chief Zhōu Jiāngyǒng 周江勇 with accepting “huge” bribes, but did not mention rumored connections to Ant.
国家网信办：互联网企业近半年来用工人数保持平稳 - 21财经
12 of China’s largest tech firms saw a net increase of 79,100 employees from July 2021 to mid-March 2022: 216,800 people left but 295,900 new employees were hired at companies including Tencent, Alibaba, Meituan, and JD.com, according to the Cyberspace Administration of China.
Tech in Asia - Connecting Asia's startup ecosystem
Alibaba takes on logistics for SMEs: Cainiao, the logistics arm of Alibaba Group, has rolled out a digital end-to-end ecommerce logistics service that includes pickup, warehousing, supply chain, customs clearance, and last-mile delivery.
Alibaba Hikes Buybacks to $25 Billion as Crackdown Signals Ease
Alibaba ramped up its share buyback program to $25 billion, the second increase in less than a year to stanch a $470 billion valuation loss during Beijing’s internet crackdown.
Alibaba is walking a tightrope between Russia and Ukraine
Alibaba’s Russia business is in dire straits following the West’s brutal sanctions. AliExpress, its global ecommerce platform, is the most-visited online marketplace and the most-downloaded shopping app in Russia.
郭树清谈蚂蚁等整改：自查基本结束，还有一些问题需继续探索_金改实验室_澎湃新闻-The Paper
The rectification of Alibaba’s fintech affiliate Ant Group is nearly complete, but not yet over, said chairman of the China Banking and Insurance Regulatory Commission, “Whirlwind” Guō Shùqīng 郭树清, said at a press conference.
China Crackdown Risk Roars Back With Probe of Jack Ma’s Empire
Further crackdown fears have hit Alibaba, Tencent, and Meituan, who collectively shed more than $100 billion in three days of trading after a “series of events that suggest Beijing is once more preparing to rein in its giant private sector.” One of those events was a recent warning from multiple regulators to institutions to double-check their exposure to Alibaba’s Ant Group.
国家出手！13张罚单集中公布！涉及多家巨头
Internet companies have just been hit with another round of fines (in Chinese): Tencent, Bilibili, Alibaba, and the white goods firm Hisense, among others, were fined for monopolistic behaviors, but the fines were tiny: 500,000 yuan ($78,683) each.
Chinese Chip Conglomerate Tsinghua Unigroup Secures State-Backed Investment
Indebted chipmaker Tsinghua Unigroup will be taken over by a state-backed consortium, not Alibaba, which was a front-runner until recently. The consortium’s members have a track record of semiconductor investment, buying part of a Dutch chipmaker in 2017 and four Taiwanese fabs earlier this month.
Alibaba-Led (BABA) Bid for Tsinghua Unigroup Hits Last-Minute Snag
Alibaba may fail in its quest to take over Tsinghua Unigroup, once a rising star of China’s chipmaking industry, because officials are worried that with Alibaba listed in the United States, sensitive chip data could end up exposed. It’s perhaps another inducement for Alibaba to leave U.S. finance behind, as other major companies have.
Alibaba Splits Main E-Commerce Business Into Two, Appoints New CFO in Major Reshuffle
Alibaba has split its ecommerce business in two, one focused on China and the other on overseas business, in response to a stricter regulatory environment, Yicai reports. A new chief financial officer has also been hired. See also coverage in the Financial Times, Bloomberg, and the Wall Street Journal.
Companies in Shanghai Take First Steps to Trade Data Like Stocks
A report in Sixth Tone dives into the Shanghai Data Exchange, where data is traded “like stocks.” The exchange opened on November 25, with tech majors like JD.com and Alibaba-owned AutoNavi among the companies participating.
China Fines Alibaba, Tencent in Latest Antitrust Investigation
Just another day in antitrust enforcement: “Alibaba, Tencent, and Baidu are the target of another round of antitrust fines on Saturday [November 20] totaling 21.5 million yuan ($3.4 million),” per Bloomberg via Caixin. Other big names in China tech such as JD.com, ByteDance, and Meituan were also “fined 500,000 yuan ($78,000) for each violation” of antitrust law, TechNode reports. Caixin notes that the “first salvo since the appointment of Gān Lín 甘霖 as the head of the country’s anti-monopoly bureau” was met mostly with a shrug by markets.
