Alibaba Group might be eyeing a public listing in Hong Kong as early as November to raise up to $15 billion, people familiar with the matter said on October 30.
Out of a total of 494 global unicorns, categorized by a valuation of over $1 billion, 206 were Chinese, compared to 203 from the United States, according to the latest Hurun Report on unicorn companies.
Alibaba Group kicked off its 2019 11.11 Global Shopping Festival, taking the annual celebration into its second decade with a focus on “new consumption,” “new business” and contributing to a greener society.
Jack Ma announced at the 19th annual Forbes Global CEO Conference that he is looking to empower entrepreneurs in Africa to help them drive change in the world’s second largest continent.
Paytm is close to scoring $2 billion of new financing from investors including Alibaba’s Ant Financial and SoftBank Group Corp., Bloomberg reported citing a person familiar with the matter.
Chinese tech entrepreneurs are holding most of the country’s wealth, as a large number of the names on Hurun China Rich List 2019 are CEOs of tech giants.
Suning Sports, the sports division of Suning Holdings Group, has laid off 20% of its employees and restarted negotiations with Alibaba to enter a joint venture.
This year Aspara Conference was wildly informative and technically focused on AliCloud, the infrastructure and operating system that fuels the innovations in various industries.
Alibaba Group and the United Nations World Food Programme (WFP) announced in Hangzhou on September 26 the launch of “Hunger Map LIVE,” a global hunger monitoring system.
At Alibaba’s 2019 Investor Day held on September 24, Eric Jing, Ant Financial’s Chairman and CEO, delivered a speech highlighting the company’s recent progress.
Alibaba co-founder Joseph Tsai became the official owner of Brooklyn Nets by acquiring another 51% of its shares and the Barclays Center on September 19, according to Xinhua Sports.
