Posts filtered by tags: Alibaba[x]


 

Ant Group considers stake sale in Paytm: Report

Chinese fintech powerhouse Ant Group is considering to sell its 30% equity stake in Paytm’s holding company One97 Communications Ltd, Reuters reported. While the a formal sale process has not been initiated, the trigger for the prospective stake sale, the report says, is the worsening relations between India and China in the past few months. Senior managers at Ant, who were reviewing various investments, believe that it would not be possible for the group to raise its stake in Paytm, so either a...
Tags: Travel, News, China, India, Softbank, US, Alibaba, Alibaba Group, Zomato, Paytm, Reuters, Digital Payments, One97 Communications, Alibaba Tencent, T Rowe Price Associates, Vision Fund Alibaba


China’s tech firms rush to deliver solutions for grocery shopping

Nearly all of China’s largest internet firms have established a presence in online grocery. Just this week, news arrived that Alibaba co-led the $196 million C3 funding round of Nice Tuan, the two-year-old grocery group-buying firm’s fourth round year to date. People in China shop online for almost everything, including groceries. At first, grocery e-commerce appears to have caught on mainly among the digitally-savvy who have grown reliant on the convenience of e-commerce and don’t mind paying a...
Tags: Food, TC, Ecommerce, Asia, China, Funding, America, Tech, E-commerce, Alibaba, Tencent, WeChat, Alibaba Group, Meituan, Grocery Store, Meituan-dianping


E-COMMERCE ENTREPRENEURSHIP: How to make six figures selling products online through dropshipping

Samantha Lee/Business Insider E-commerce is a growing sector of retail, as well as a burgeoning market for individuals looking to make money by selling products online. Dropshipping is a form of e-commerce selling in which the seller doesn't have to invest in inventory, so the start-up costs are low. Dropshipping can be done from anywhere, as a side-hustle or a full-time career. Business Insider has spoken to and vetted various e-commerce experts to put together a list of resources for pe...
Tags: Google, Amazon, Facebook, Nordstrom, China, US, Trends, Alibaba, Steve, Shopify, Kohl, Neil Patel, Patel, Samantha Lee, Evan Tan, Sattar


Ant Group's record-shattering IPO is highly unlikely to get done in 2021, a new report says

Zhang Peng/LightRocket via Getty Images The chances of an Ant Group initial public offering in 2021 look decreasingly likely as China looks to overhaul rules and regulations related to the fintech industry, according to a new Bloomberg report.The delayed public debut of Ant Group would be a blow to investors who were poised to benefit from what was supposed to be the largest IPO ever, including Alibaba.Alibaba, which owns a third of Ant Group, fell as much as 5% on Monday.Visit Business In...
Tags: Hong Kong, China, Ipo, Trends, Markets, Bloomberg, IPOs, Shanghai, Alibaba, Goldman, Jack Ma, IPO market, Rbc, Alibaba Alibaba, IPO Alibaba, Matthew Fox


10 things you need to know before the opening bell

Mario Tama/Getty Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.For the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today - launching soon!Here's what you need to know before markets open.1. Global stocks retreat as caution resurfaces. See how markets are reacting today.2. S&P Global strikes deal to buy IHS Markit for $44 billion. The mega-deal marks the largest transaction on Wall Street thi...
Tags: Wall Street, US, Trends, Alibaba, Cftc, Warren Buffett, Janet Yellen, Goldman Sachs, US Treasury, Biden, Costco, ESG, Buffett, Yellen, Mohamed El Erian, Zhou


E-COMMERCE ENTREPRENEURSHIP: Your guide to making six figures selling products online using a no-inventory method called dropshipping

Samantha Lee/Business Insider E-commerce is a growing sector of retail, as well as a burgeoning market for individuals looking to make money by selling products online. Dropshipping is a form of e-commerce selling in which the seller doesn't have to invest in inventory, so the start-up costs are low. Dropshipping can be done from anywhere, as a side-hustle or a full-time career. Business Insider has spoken to and vetted various e-commerce experts to put together a list of resources for pe...
Tags: Google, Amazon, Facebook, China, US, Trends, Alibaba, Samantha Lee, Catherine LeClair




China Rises as World's Data Superpower as Internet Fractures

Back in 2001, the U.S. was the dominant country when it came to cross-border data flows. It was the early days of the internet boom, and America was where tech companies and tech-savvy consumers were. But the global data order is changing rapidly. From a report: China now accounts for 23% of cross-border data flows, nearly twice the share of the U.S., which ranks a distant second with 12%. And the Chinese lead could turn into a dominant advantage as the formerly world-spanning internet shatters ...
Tags: Asia, Hong Kong, China, Singapore, America, Tech, Beijing, Alibaba, Alipay, Vietnam, Tencent Holdings, TeleGeography, International Telecommunication Union, Alibaba Group Holding, Ant Group


S&P 500 ends week at record highs as Biden-transition optimism overshadows virus surge

Lucas Jackson/Reuters US stocks gained on Friday as hopes for a peaceful transition to the Biden administration offset concerns about soaring COVID-19 cases. The S&P 500 closed at a record high.President Donald Trump said Thursday that he'd hand over power when the Electoral College certifies President-elect Joe Biden as the winner of the 2020 election.The US reported 125,082 new coronavirus cases on Thursday, bringing the seven-day average to 163,831, according to the COVID Tracking Pr...
Tags: Europe, White House, US, Trends, Markets, Joe Biden, Bitcoin, Alibaba, Treasury, Deutsche Bank, Oil Price, Janet Yellen, Goldman Sachs, Biden, Donald Trump, Nasdaq


Warren Buffett's Berkshire Hathaway isn't alone in struggling to make a big acquisition. Past partner 3G Capital is also coming up short

Chip Somodevilla / Getty Warren Buffett's Berkshire Hathaway isn't alone in struggling to make a major acquisition.3G Capital, a Brazilian-US private-equity firm, has requested more time from its investors to strike a deal, the Financial Times reported on Friday.Berkshire and 3G have partnered several times in the past, most notably to buy Heinz in 2013 and merge it with Kraft in 2015.However, Buffett has acknowledged that Berkshire overpaid for Kraft, and its Kraft Heinz stake has plun...
Tags: Europe, US, Trends, Unilever, Alibaba, Deutsche Bank, Berkshire Hathaway, Warren Buffett, Heinz, Burger King, Kraft, Kraft Foods, Berkshire, Financial Times, Buffett, Tim Hortons


Facebook's digital token Libra to launch as soon as January in an even more slimmed-down version, report says

AP/Facebook/Business Insider Facebook's cryptocurrency Libra could launch as soon as January in an even more slimmed-down version, the Financial Times reported.The exact timing of Libra's launch depends on when it receives regulatory approval.The 27-member Libra Association initially planned for Libra to be backed by a wide mix of several currencies and government debt.But now it will launch a single coin backed one-for-one by the dollar, the FT said. Visit Business Insider's homepage for ...
Tags: Facebook, Europe, US, Trends, Bitcoin, Alibaba, Switzerland, Deutsche Bank, Silicon Valley, Geneva, Financial Times, Libra, Libra Association, Shalini Nagarajan, AP Facebook Business Insider Facebook


'Dr. Doom' economist Nouriel Roubini trashes Bitcoin for being heavily manipulated, and blames retail investor FOMO for its recent pump-and-dump

REUTERS/Fred Prouser Nouriel Roubini, known as "Dr. Doom" for his bearish views, slammed Bitcoin for being heavily manipulated and blamed retail investor FOMO for this week's boom and bust on Thursday.Roubini tweeted the digital token has no role to play in the portfolios of retail or institutional investors because it has zero intrinsic value."Retail suckers with massive FOMO have been jumping again into BTC as they did in late 2017 when price went from 10K to 19K only to crash down to 3...
Tags: Europe, Trends, Bitcoin, Alibaba, Deutsche Bank, Las Vegas, Btc, Nouriel Roubini, Roubini, Bitfinex, Shalini Nagarajan, Fred Prouser Nouriel Roubini, Bitcoin Roubini


10 things you need to know before the opening bell

Brendan McDermid/Reuters Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.For the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today - launching soon!Here's what you need to know before markets open.1. Global stocks shrug off AstraZeneca vaccine concerns. . 2. Trump says he will 'certainly' leave the White House if the Electoral College elects Joe Biden. The president has not conceded.3. Nourie...
Tags: Spacex, Elon Musk, UK, France, Finance, White House, Global, Trends, Markets, Joe Biden, Bitcoin, Alibaba, Deutsche Bank, Astrazeneca, Goldman Sachs, ESG


Alibaba vies for a piece of China’s booming EV market

There’s no lack of news these days on China’s tech giants teaming up with traditional carmakers. Companies from Alibaba to Huawei are striving to become relevant in the trillion-dollar auto industry, which itself is seeking an electric transition and intelligent upgrade as 5G comes of age. State-owned automaker SAIC Motor, a major player in China, unveiled this week a new electric vehicle arm called Zhiji, in which Alibaba and a Shanghai government-backed entity are minority shareholders. The ti...
Tags: TC, Transportation, Electric Vehicle, Asia, China, Tech, Tesla, Shanghai, Alibaba, Tencent, Bmw, Baidu, Audi, Huawei, Smart Cars, State


China’s clouds boom but they’re collectively earning less than Azure alone

Alibaba in front with Huawei and Tencent on a second tier China’s clouds grew by 65 percent in 2020’s third quarter, collectively hauling in $5 billion of revenue in the period.…
Tags: China, Software, Alibaba, Tencent, Huawei


India takes aim at Alibaba with new round of Chinese app bans

43 apps axed, including those helping buyers and sellers of digital tat bazaar. India has banned another 43 apps from operating in its territory.…
Tags: India, Alibaba, Linux


India takes aim at Alibaba with new round of Chinese app bans

43 apps axed, including those helping buyers and sellers of digital tat bazaar India has banned another 43 apps from operating in its territory.…
Tags: India, Software, Alibaba


India bans 43 more Chinese apps over cybersecurity concerns

India is not done banning Chinese apps. The world’s second largest internet market, which has banned over 175 apps with links to the neighboring nation in recent months, said on Tuesday it was banning an additional 43 such apps. Like with the previous orders, India cited cybersecurity concerns to block these apps. “This action was taken based on the inputs regarding these apps for engaging in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of st...
Tags: Apps, Asia, South Korea, Microsoft, Government, China, India, Tech, Alibaba, Himalayas, New Delhi, PUBG, PUBG Mobile, Tiktok, Boycott China, TechCrunch Tensions


India bans another 43 Chinese apps

India is not done banning Chinese apps. The world’s second largest internet market, which has banned over 175 apps with links to the neighboring nation in recent months, said on Tuesday it was banning an additional 43 such apps. Like with the previous orders, India cited cybersecurity concerns to block these apps. “This action was taken based on the inputs regarding these apps for engaging in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of st...
Tags: Apps, Asia, Microsoft, Government, China, India, Tech, Alibaba, Himalayas, New Delhi, PUBG, PUBG Mobile, Tiktok, Boycott China


IT Ministry bans another 43 apps, leading to a total of 267 banned apps since June

The Ministry of Electronics and Information Technology (MEITY) has blocked another set of mobile applications, taking the total number of mobile apps blocked by the government to 267 as of date. The 43 apps banned on Tuesday include apps from the Alibaba universe, Snack Video, CamCard and others. “This action was taken based on the inputs regarding these apps for engaging in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public ord...
Tags: Travel, Asia, News, China, India, Softbank, United States, Alibaba, Nikhil Pahwa, MeitY, PUBG, IT Ministry, Ministry Of Information and Boradcasting, App Ban, TikTok Shein Clash of Kings Shareit, Digital Economy Policy Research


Google-backed Chinese truck-hailing firm Manbang raises $1.7 billion

The Chinese Uber for trucks Manbang announced Tuesday that it has raised $1.7 billion in its latest funding round, two years after it hauled in $1.9 billion from investors including SoftBank Group and Alphabet Inc’s venture capital fund CapitalG. The news came fresh off a Wall Street Journal report two weeks ago that Manbang was seeking $1 billion ahead of an initial public offering next year. The company declined to comment on the matter, though its CEO Zhang Hui said in May 2019 that the firm ...
Tags: Google, TC, Transportation, Asia, China, Softbank, Funding, Tech, Alibaba, Fidelity, Wall Street Journal, Permira, Zhang, Alphabet Inc, Didi, SoftBank Group


10 things in tech you need to know today

Apple CEO Tim Cook speak to the press during a tour of the Flextronics computer manufacturing facility, with US President Donald Trump, where Apple's Mac Pros are assembled in Austin, Texas, on November 20, 2019. MANDEL NGAN/AFP via Getty Images Good morning! This is the tech news you need to know this Tuesday. Sign up here to get this email in your inbox every morning.Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings.And ...
Tags: Apple, Amazon, Facebook, Lyft, China, US, Los Angeles, Trends, Intel, Tim Cook, Alibaba, Travis Kalanick, Andreessen Horowitz, Biden, Donald Trump, Nordic


Alibaba chief says China’s new internet laws aren’t just good, they’re right and welcome and necessary

As Beijing brings in another that regulates internet infomercials and stops teens buying their tat Imagine if Amazon CEO Jeff Bezos, Google supremo Sundar Pichai or Like-seeker-in-chief Mark Zuckerberg gave a major speech that heartily endorsed new government regulations - even though they make business harder - and argued they’re necessary, timely, and just.…
Tags: Google, Amazon, Mark Zuckerberg, China, Software, Beijing, Alibaba, Jeff Bezos, Sundar Pichai


Alibaba's CEO said China's new tech regulations are 'timely and necessary' as the nation aims to keep internet firms from growing into powerful monopolies

Alibaba CEO Daniel Zhang in China in May 2019. Visual China Group via Getty Images/Visual China Group via Getty Images Alibaba CEO Daniel Zhang said Monday that China's new regulations to prevent the formation of internet monopolies are "timely and necessary." China announced new rules in early November that could tighten restrictions on tech companies, like Alibaba, including preventing them from sharing sensitive user data and from banding together to push out smaller competitors. Zhang...
Tags: Hong Kong, Finance, China, US, Trends, Bbc, Cnn, Shanghai, Alibaba, Retail, Jack Ma, Visual China Group, Zhang, Tech Insider, Daniel Zhang, Amazon of China


Alibaba CEO strikes conciliatory tone on China's plans for tougher tech regulation

Alibaba CEO Daniel Zhang has described plans by Chinese regulators to tighten restrictions on internet companies as "timely and necessary."
Tags: China, Cnn, Alibaba, Daniel Zhang


Extra Crunch roundup: A fistful of IPOs, Affirm’s Peloton problem, Zoom Apps and more

DoorDash, Affirm, Roblox, Airbnb, C3.ai and Wish all filed to go public in recent days, which means some venture capitalists are having the best week of their lives. Tech companies that go public capture our imagination because they are literal happy endings. An Initial Public Offering is the promised land for startup pilgrims who may wander the desert for years seeking product-market fit. After all, the “I” in “ISO” stands for “incentive.” A flurry of new S-1s in a single week forced me to r...
Tags: Fundings & Exits, Startups, TC, Gaming, Entrepreneurship, China, Ipo, India, San Francisco, Tech, ISO, NewCo, Alibaba, Venture Capital, Airbnb, Autodesk


Ray Dalio's hedge fund poured about half a billion dollars into Walmart, Alibaba, and Coca Cola, and dumped large positions in China-focused ETFs in the 3rd-quarter

Roy Rochlin/Getty Images Investing legend Ray Dalio's hedge fund poured millions into Alibaba, Walmart, and Coca Cola, and sold some positions in Chinese equity ETFs in the third quarter this year.The billionaire also invested heavily in McDonald's, Abbott Labs, Procter & Gamble, and Johnson & Johnson.While the fund's largest withdrawal was from an ETF that tracks large-cap US equities, it sold out positions worth several millions in three China ETFs.Dalio also pumped over $100 million in ...
Tags: Coca Cola, China, US, Trends, Investing, Markets, Walmart, Alibaba, Deutsche Bank, Mcdonald's, SEC, Stocks, Jefferies, Hedge Fund, McDonald, Vanguard


What China’s fintech market can teach the world

If you want to know what the future of finance looks like, head east, where it’s already been laid down in China. Digital payments through mobile phones are ubiquitous, and there is incredible innovation around lending, investments and digital currencies that are at the vanguard of global financial innovation. Take the cover photo of this article: At Alibaba, facial recognition software identifies customers at the employee cafeteria, while visual AI identifies foods on their tray and calculates ...
Tags: Apps, Asia, Finance, Government, China, Tech, Alibaba, Tencent, Alipay, Baidu, Fintech, Peterson Institute for International Economics, WeChat Pay, Martin Chorzempa, Ant Group, China Digital


Google pulls 5 unauthorised lending apps from Play Store: Report

Google has removed five digital lending apps from its Android Play Store, the Times of India reported. The five apps include OkCash, Go Cash, Flip Cash, ECash and SnapIt Loan, all of whom offer short-term digital loans at high interest rates. But since these are unregulated entities, they were in violation of Google’s policies, the report said. Recently, several complaints emerged on social media websites stating that executives, purportedly employed by these apps, were harassing borrowers throu...
Tags: Travel, Google, Google Play Store, News, India, Alibaba, Tamil Nadu, Competition Commission, Reserve Bank of India, Times of India, NBFC, Srikanth, Digital Lending


Indonesian telecom network Telkomsel invests $150 million in Gojek

Telkomsel, Indonesia’s biggest telecom network, has invested $150 million in ride-hailing firm Gojek, the two companies said on Tuesday. As part of the “strategic partnership,” the two firms said they will explore a “broad range of collaboration opportunities” to reach millions of Indonesians. Since 2018, Gojek and Telkomsel have maintained a deal to subsidize the cost of mobile data consumed by the ride-hailing firm’s driver partners. With over 170 million subscribers, Telkomsel is the large...
Tags: Asia, Indonesia, Southeast Asia, Funding, Tech, Alibaba, Gojek, Telkomsel, Andre Soelistyo, Telkomsel Indonesia, Facebook Google PayPal, Tencent Gojek