Asia Tonight: Business news in brief July 13
Business Briefs on Asia Tonight, July 13: – Google to invest $10 billion in India over next five to seven years – Jack Ma has cut his stake in Alibaba…
Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreak
(This Feb 10 story refiles to add bylines) SHANGHAI (Reuters) – Alibaba Group Holdings (BABA.N) said on Monday its affiliate Ant Financial’s MYBank unit would offer 20 billion yuan ($2.86…
Alibaba shares trading 7.7% higher in Hong Kong debut
FILE PHOTO: A logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China, November 18, 2019. REUTERS/Aly Song HONG KONG (Reuters) – Alibaba Group’s (BABA.N)(9988.HK)…
Alibaba’s Hong Kong listing offers valuable Beijing goodwill
SHANGHAI (Reuters) – Alibaba’s Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout…
Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?
HONG KONG (Reuters) – Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd (BABA.N) on the timing of its planned $15 billion listing in the city,…
Alibaba’s Jack Ma to unveil succession plan next week, remain chairman
BEIJING (Reuters) – Alibaba Group Holding Ltd’s (BABA.N) billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new…
Alibaba co-founder Jack Ma to retire: New York Times
(Reuters) – Alibaba Group Holding Ltd’s (BABA.N) co-founder and executive chairman, Jack Ma, will retire from the e-commerce company on Monday, as the former English teacher seeks to focus on…
Alibaba revenue beats, but investments prolong margin squeeze
BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N), China’s biggest e-commerce firm, topped first-quarter revenue estimates on Thursday, but said investments in its food delivery business would continue to weigh…
Ding! Alibaba office app fuels backlash among some Chinese workers
BEIJING/HANGZHOU, China (Reuters) – In the cramped former home of Jack Ma, founder of the Chinese e-commerce giant Alibaba, about thirty young engineers sit elbow-to-elbow, working to attract the next…