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.
On Alibaba's Singles Day, Chinese consumers look to spend more, shift away from American brands
Many Chinese consumers say they'll be shopping for domestic brands during Singles Day on Nov. 11, the global consulting firm AlixPartners found.
Ant Challenged Beijing and Prospered. Now It Toes the Line.
The tech giant, which is preparing for a mega I.P.O., has transformed personal finance in China. Regulators have taken notice.
All About Ant Group, the Next Big Tech I.P.O.
The tech giant’s coming share sale will be among the largest ever. But the company has made most of its impact in just one country: China.
China is rapidly producing new billionaires despite Covid-19
The results have painted a striking picture of China's quick economic recovery from the pandemic.
Alibaba expects cloud business to turn profitable for the first time within the next few months
Alibaba CEO Daniel Zhang called cloud computing a "growth engine" but said the world is in a "nascent stage of the global cloud era."
Exclusive: Alibaba, China Mobile weigh $443 mln investment in blacklisted Dahua - sources
Alibaba Group Holding Ltd and China Mobile Communications Group Co Ltd are considering investing 3 billion yuan ($443 million) in Zhejiang Dahua Technology Co Ltd, three people with knowledge of the matter said.
Alibaba Is in Talks to Invest $3 Billion in Grab
Alibaba Group Holding Ltd. is in talks to invest $3 billion in Southeast Asian ride-hailing giant Grab Holdings Inc., according to people familiar with the matter.
Successful With Chinese Startups, Sequoia China Launches a Hedge Fund
Venture capitalist Neil Shen’s Sequoia Capital China is setting up a hedge-fund business to leverage its record of choosing winners in Chinese technology.
In China’s Cutthroat E-Commerce World, Only Growth Matters
Investors punished Pinduoduo and rewarded Alibaba and JD after their quarterly results. Chinese e-commerce companies need to deliver growth to meet rising expectations.
Inside Ant Group’s Giant Valuation: One Billion Alipay Users and Big Profit Margins
The Chinese financial-technology giant controlled by Jack Ma released detailed financials for the first time as it gears up for what is likely to be a record-breaking IPO. The filing showed a highly profitable business with more than one billion annual active users on its Alipay app.
Taiwan tightens up on investment from mainland China
People and companies with links to government, political parties or the military prohibited under new rules to come into effect later this year.
Jack Ma’s Ant Financial Posts $1.3 Billion in Profit Before IPO
Billionaire Jack Ma’s Ant Group generated about 9.2 billion yuan ($1.3 billion) of profit in the March quarter, offering investors a glimpse of its earnings power in the run up to its mega initial public offering.
Alibaba's Freshippo says will test all Shenzhen employees for COVID-19
Alibaba-owned supermarket chain Freshippo said on Saturday it has shut 21 of its Shenzhen stores and was requiring all its employees in the city to undergo tests for the novel coronavirus after three cases were found at one of its outlets there.
Alibaba Cloud helps Chinese students, foreign schools scale Great Firewall
China's Alibaba Group Holding Ltd is seizing on a new business opportunity thrown up by the novel coronavirus: helping foreign universities skirt China's stringent internet controls to keep classes going for their mainland Chinese students.
Xi’s Radical Stock Reforms Shield China Firms From U.S.
A plan by President Xi Jinping hatched in late 2018 to liberalize China’s constrained stock market and prevent home-grown tech firms from flocking to New York is turning out to be a prescient move.
Starbucks expands Chinese order services to multiple Alibaba apps
Chinese Starbucks customers can order the coffee chain's drinks on Alibaba's Taobao marketplace and mobile map app Amap, the companies said on Tuesday, expanding a partnership signed in 2018.
Jack Ma’s fintech giant Ant starts IPO process in Hong Kong and Shanghai
The Jack Ma-controlled Ant Group finally sets in motion what the market has been anticipating for years. The financial services and payments behemoth said Monday that it has kickstarted the process of a concurrent initial public offering on the Hong Kong Stock Exchange and Shanghai Stock Exchange’s Nasdaq-style Star Market. The public listing will enable […]
China’s EV startup Xpeng pulls in $500 million Series C+
Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s tech-savvy middle-class consumers. The announcement followed its Series C round of $400 million closed last November. A source told TechCrunch that the company’s […]
Chinese LGBTQ Dating App BlueCity Shares Jump in U.S. Debut
The owner of Blued, China’s biggest LGBTQ dating app, climbed 46% in its trading debut after raising $85 million in a U.S. initial public offering.
