Alibaba Group Holding

China investors digest another letdown from big tech earnings - THE EDGE SINGAPORE

China Focus

China investors digest another letdown from big tech earnings

The top five stocks in China have seen an erasure of US$41 billion in market value in past week, while a gauge of sector stocks listed in Hong Kong has fallen into bear market territory.

Digital Economy

Alibaba anoints new chief in revamp of stalling commerce arm

Jiang Fan will take over a newly created department that groups all Alibaba’s online shopping assets from Taobao and Tmall in China to Lazada in Southeast Asia.

Private equity

Alibaba-owned hypermarket chain Sun Art said to draw PE interest

Shares of Sun Art have climbed 28% this year, giving the company a market value of about US$2.2 billion ($2.82 billion).

Investing ideas

Alibaba’s Tsai joins billionaires investing in French vineyards

Joe Tsai is part of a consortium that has acquired grape-growing parcels in Burgundy.
Alibaba wins Beijing’s approval in end to years-long scrutiny - THE EDGE SINGAPORE

Tech

Alibaba wins Beijing’s approval in end to years-long scrutiny

China’s e-commerce leader has ceased the monopolistic practices that prompted an investigation more than three years ago.

Company in the news

Temu owner PDD plunges 29% on warning of slowing sales

In China, PDD has gained ground in recent years against retailers like Alibaba and JD.com with its low-pricing strategy.

Hong Kong

Alibaba to convert Hong Kong listing to primary next week

The manoeuvre expected to attract billions of dollars in investment from mainland China.
Second round of layoffs at Ninja Van in less than three months; 5% of Singapore staff affected - THE EDGE SINGAPORE

Company in the news

Second round of layoffs at Ninja Van in less than three months; 5% of Singapore staff affected

Ninja Van CEO Chang Wen Lai will deliver a virtual address at 11am on July 2, according to an anonymous source.

Insider moves

Alibaba trims SingPost stake via married deal at 46 cents each

With the sale, Alibaba is left with a stake of 11.34% in SingPost

Global Economy

Briefs: US inflation refuses to bend; Temasek opens Paris office; Jack Ma cheers Alibaba's latest overhaul plan

US President Joe Biden believes that there will be a rate cut "before the year is out".
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