Alibaba Group founder Jack Ma made his first appearance since October on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from public life and sending shares in the e-commerce giant surging. Speculation over Ma’s whereabouts has swirled in the wake of news this month that he… Read More Alibaba founder Jack Ma makes first live appearance in three months in virtual meeting
Alibaba Group will close its music streaming platform Xiami Music next month, in a move that marks a step back from its ambitions to push into China’s entertainment industry. “Due to operational adjustments, we will stop the service of Xiami Music,” the online music arm of the Chinese e-commerce giant said on Tuesday on its… Read More Alibaba Group to shut down its music platform Xiami next month
Alibaba founder Jack Ma’s absence from public view in the past two months, including missing the final episode of a TV show on which he was to appear as a judge, has fueled social media speculation over his whereabouts amid a Chinese regulatory clampdown on his sprawling business empire. China’s highest-profile entrepreneur has not appeared… Read More Speculations arise over absence of Alibaba founder Jack Ma from public view
China’s market regulator said on Wednesday it has fined JD.Com Inc, Alibaba’s Tmall and Vipshop 500,000 yuan (an equivalent of $76,656.55) each for irregular pricing. The State Administration of Market Regulation said in a social media post that it had taken the decision after it received consumer complaints over the companies’ pricing strategies around November… Read More China fines JD.com, Tmall and Vipshop for irregular pricing
China has launched an antitrust investigation into Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in coming days, regulators said on Thursday, in the latest blow for Jack Ma’s e-commerce and fintech empire. The probe is part of an accelerating crackdown on anticompetitive behaviour in China’s booming internet space, and… Read More China launches antitrust investigation into tech giant Alibaba Group
Singapore e-commerce firm Lazada said on Friday that personal information including addresses and partial credit card numbers from 1.1 million accounts had been hacked, a major breach in the city-state of 5.7 million. The Alibaba-owned firm said in an email that the information was taken from a database of its grocery arm RedMart that was… Read More Hackers gain access to personal information of 1.1 million accounts in security breach of e-commerce platform Lazada
The Saudi Authority for Data and Artificial Intelligence on Thursday signed three memorandums of understanding with IBM, Alibaba and Huawei at a summit in the kingdom, state news agency SPA said. SPA did not disclose details on the agreements.