alibaba - Arab Daily Digital

China slaps hefty fines on Alibaba, Tencent

China’s central bank also announced to slap a 7.123 billion yuan (around $1 billion) fine on Ant Group, the fintech affiliate of Alibaba…reports Asian Lite News China has slapped hefty penalties on

8 July 2023

Business·China

Alibaba unveils split-up plans

The report also mentioned that the company sees the creation of the six businesses as a way to be more agile….reports Asian Lite News Chinese tech giant Alibaba on Tuesday said that

30 March 2023

Business·China·Economy

Jack Ma returns to mainland China after long absence

Requests for comments from Alibaba and the Jack Ma Foundation were not immediately met with a response….reports Asian Lite News Chinese magnate Jack Ma has returned to mainland China after spending roughly

28 March 2023

-Top News·Asia News·China

Alibaba to sell Zomato shares worth $200 million

Zomato’s share price has fallen over 55 per cent this year, amid senior level exits and job cuts….reports Asian Lite News Chinese behemoth Alibaba is set to sell its shares worth $200

30 November 2022

Business

Alibaba lays off nearly 10K employees

Alibaba reported a 50 per cent drop in net income to 22.74 billion yuan ($3.4 billion) in the June quarter, down from 45.14 billion yuan in the same period last year…reports Asian

7 August 2022

Business·China

Alibaba loses $26 bn in market value on Jack Ma’s rumoured arrest

Jack Ma’s Chinese name, Ma Yun, has only two characters. (CCTV later quietly updated its original report to match Hu’s assessment)…reports Asian Lite News Alibaba, co-founded by Chinese e-commerce giant Jack Ma,

6 May 2022

Business