Ant to Buy Back Shares at 70% Lower Valuation Than at IPO
Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an
2023-07-08 10:54
China Ends Probe of Jack Ma-Backed Ant With $984 Million Fine
Chinese regulators imposed a 7.12 billion yuan ($984 million) fine on Ant Group Co., according to a statement
2023-07-07 20:55
China's Alibaba unveils AI image generator to take on Midjourney and DALL-E
By Josh Ye HONG KONG Alibaba Group Holdings Ltd announced on Friday an artificial intelligence (AI) image generator,
2023-07-07 15:51
Alibaba Surges on Report China to Unshackle Ant With Fine
Alibaba Group Holding Ltd. shares jumped in Hong Kong trading after Reuters reported that China is likely to
2023-07-07 14:56
US to Curb China Access to Cloud Services Like Amazon, WSJ Says
The US is preparing to curtail Chinese companies’ access to cloud computing services including Amazon.com Inc.’s and Microsoft
2023-07-04 13:25
China’s Economic Woes Are Multiplying — and Xi Jinping Has No Easy Fix
It was meant to be the year China’s economy, unshackled from the world’s strictest Covid-19 controls, roared back
2023-06-30 14:48
Meituan Joins AI Race by Buying Co-Founder’s Months-Old Firm
Meituan is buying a co-founder’s generative AI startup for almost $234 million, a deal that gets the food-delivery
2023-06-30 08:49
China's eastern Hangzhou city signs comprehensive strategic agreement with Alibaba
BEIJING/HONG KONG China's eastern Hangzhou city has signed a comprehensive strategic cooperation agreement with the e-commerce giant Alibaba
2023-06-29 21:49
China Lures Billionaires Into Race to Catch US in AI
China’s tech sector has a new obsession: competing with US titans like Google and Microsoft Corp. in the
2023-06-28 07:18
Baidu Claims Its Ernie Bot Now Beats ChatGPT on Key Measures
Baidu Inc.’s ChatGPT-style service has outperformed OpenAI’s seminal product on several measures, China’s search leader said on Tuesday.
2023-06-27 13:00
JD.com Creates Groceries Arm as Rival Alibaba Weighs Spinoffs
JD.com Inc. aims to create an independent unit by merging its 7Fresh supermarket chain with other online services,
2023-06-26 14:23
Meet Alibaba’s Next Chairman: Joseph Tsai, Brooklyn Nets Owner and Blockchain Investor
Alibaba Group Holding Ltd. is bringing back Joseph Tsai, who has become a prominent blockchain proponent and owner
2023-06-21 00:45