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Alibaba’s Logistics Unit Cainiao Files For Hong Kong IPO
Alibaba Group's logistics arm Cainiao is expected to go public and get listed in Hong Kong according to media reports. The plan is part of the company's restructuring exercise which kicked off on Tuesday (September 26). The logistics arm of Alibaba ...
Alibaba Plans To Hire 15,000 People This Year
Alibaba Group Holding Ltd. said it plans to hire 15,000 people this year, pushing back on reports that the Chinese tech firm is laying off employees, reported Bloomberg. In a statement released on Weibo on Thursday, the Chinese e-commerce platform said ...
Softbank Intends To Sell Its Almost Entire Stake In Alibaba
SoftBank Group intends to sell almost its entire remaining stake in Alibaba Group Holding Limited, according to a report of Financial Times. The company had notified about it through a regulatory filing on Wednesday. SoftBank will reduce its holding ...
Alibaba Sells Remaining Direct Stake In Paytm For Rs 1,378 Crore
Chinese e-commerce major Alibaba on Friday divested its remaining 3.3 per cent direct stake in One97 Communications, which operates under the Paytm brand, for Rs 1,378 crore through an open market transaction. However, the company's group firm Ant Financial continues to ...
Alibaba To Grow Southeast Asia E-Commerce Arm To $100 Billion
Alibaba this week revealed an ambitious vision to grow its Southeast Asian e-commerce business to $100 billion in transacted sales as well as a pledge to reach carbon neutrality in its operations by 2030. China's largest e-commerce company unveiled its ...
Jack Ma Officially Steps Down As Alibaba’s Chairman
On 10 September, Chinese e-commerce giant Alibaba's globally known founder Jack Ma officially retires as the company's chairman. The retirement day coincides with his birthday. Ma, who turned 55 years old on Tuesday, leaves the daunting task of heading the multinational conglomerate ...
Alibaba Files For Listing On Hong Kong Exchange
As per a source familiar with the development, Alibaba, the leading Chinese e-commerce giant has filed confidentially for Hong Kong listing. The listing will happen as soon as the third-quarter of the current year. Bloomberg was the first to report about ...
Alibaba founder Jack Ma becomes China's richest man
Beijing: Riding the crest of the world's biggest IPO, Jack Ma, founder of e-commerce giant Alibaba, has become the richest man in China with a fortune of US dollar 24.4 billion, according to an annual list of the country's wealthiest people ...
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