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- Shares of Chinese technology giant Alibaba have jumped after it announced a plan to break up the company. The firm says five of the six units created by the move will explore raising fresh funding and initial public offering (IPO) options.
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Jan 2, 2024 · Once Asia’s most valuable company, the group has fallen behind rivals amid a chaotic restructuring. Alibaba has suffered a series of regulatory setbacks, U-turns over strategy and declining ...
Apr 14, 2021 · Over the weekend, Chinese billionaire Jack Ma's e-commerce giant Alibaba was fined $2.8bn (£2bn) by Chinese regulators, who said it had abused its market position for years.
Its US-listed shares have fallen by almost 70% since 2020 on concerns over Beijing's crackdown on the tech sector. The move comes after reports that Alibaba founder Jack Ma, who has rarely...
In November 2020, on the eve of another commercial success, the outspoken billionaire suddenly went missing. Ma's company Alibaba has risen from an online store run from his apartment, to one of...
Apr 10, 2024 · Ma all but disappeared from public life at the end of 2020, after Chinese regulators pulled the plug on the massive listing of the founder’s financial affiliate Ant Group, sparking a crackdown on...
Jan 4, 2024 · On the political front, Alibaba was a poster child for China’s crackdown on internet tech companies — receiving a record fine of $2.8 billion for alleged monopolistic behavior in 2021....
Jan 18, 2022 · By Matthew Fulco. 18 Jan 2022. Taipei, Taiwan – Alibaba has not had the best 14 months. Ever since China’s regulators abruptly nixed the initial public offering of its financial technology...