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Alibaba Group Holding
Company in the news
Alibaba to sell China’s Sun Art to buyout firm at big discount
China’s e-commerce pioneer expects gross proceeds of up to HK$12.3 billion (US$1.6 billion or $2.15 billion) from selling its more than 70% holding in the chain of Costco-like hypermart stores.
16 days ago
Deals, joint ventures & alliances
Alibaba, E-Mart to create US$4 bil e-commerce JV in South Korea
In 2021, E-Mart acquired a controlling stake in eBay’s South Korean online marketplace for about US$3 billion, expanding its customer base in groceries and general merchandise.
22 days ago
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.
November 25, 2024
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.
November 22, 2024
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).
September 27, 2024
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.
September 10, 2024
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.
August 30, 2024
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.
August 27, 2024
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.
August 23, 2024
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.
July 01, 2024