Showing 1 - 10 of 143
Chinese tech firms handed massive fines
Published on 07/07/2023
» BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.
Political fears hit China stocks
Business, Published on 29/04/2023
» Decades-long foreign bullishness on China's capital markets is breaking down, investment flows and interviews with fund managers suggest, with a new era of uncertainty fuelled by geopolitical risks and US investors especially wary.
Foreign cash streaming back into China
Published on 04/04/2023
» SHANGHAI: Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.
Alibaba to split into six units
Published on 28/03/2023
» Alibaba Group Holding Ltd has announced plans to split its $220-billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or an initial public offering (IPO) when the time is right.
Sabuy aims to capture society’s basic needs
Business, Komsan Tortermvasana, Published on 11/02/2023
» Founded as a top-up machine operator in 2015, Sabuy Technology Plc has shifted focus to a commerce lifestyle platform provider, aiming to become an infrastructure operator in that sector regionally by next year.
Billionaire Jack Ma chills in Bangkok
Published on 07/01/2023
» Billionaire Alibaba founder Jack Ma has been chilling in Bangkok this week amid reports that he is taking more steps to scale back his personal involvement with his online empire.
Alibaba's free trade hub in Thailand begins trial operation
Published on 13/12/2022
» A free-trade-zone project in Thailand, launched in 2018 by Alibaba Group Holding while company founder Jack Ma was still CEO, has finally started trial operation.
Jack Ma reported living in Japan after China tech crackdown
AFP, Published on 30/11/2022
» TOKYO: Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.
Equities pause as market takes stock of Covid cases
Business, Published on 26/11/2022
» RECAP: Asian equities fell yesterday in subdued activity after the Thanksgiving holiday in the US. Chinese shares led declines as investors weighed recent gains against an upswing in Covid-19 infections, which reached a new single-day high above 30,000 infections.
Questions abound for China
Business, Post Reporters, Published on 31/10/2022
» China has been locked into a zero-Covid policy since early 2020, enforcing aggressive pandemic border controls and implementing public health measures such as mass testing and city lockdowns that have severely affected global supply chains.