Jack Ma

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Billionaire Jack Ma’s Ant Group is under pressure.

China’s state broadcaster has implicated Jack Ma’s Ant Group in a corruption scandal, ratcheting up pressure on the billionaire following a crackdown (...)

SoftBank’s share losses were part of a broader regional sell-off of tech-related shares in Asia on Monday. Photograph: Kazuhiro Nogi/AFP

SoftBank Group shares fell 8 per cent on Monday, their seventh consecutive day of losses, as mounting problems at its portfolio companies Didi Chuxing(...)

 A driver opening the Didi Chuxing ride-hailing app on his smartphone in Beijing. Photograph:  Jade Gao/AFP

Ride-hailing giant Didi Global said it will delist from the New York stock exchange just five months after its debut and pursue a listing in Hong Kong(...)

Beijing wants to break up Alipay, the 1 billion-plus-user superapp owned by Jack Ma’s Ant Group, and create a separate app for the company’s highly profitable loans business, in the most visible restructuring yet of the fintech giant.

Beijing wants to break up Alipay, the 1 billion-plus-user superapp owned by Jack Ma’s Ant Group, and create a separate app for the company’s highly pr(...)

In Asia, Hong Kong’s Hang Seng index dropped 1.5 per cent after the Chinese government intensified a crackdown on the nation’s tech sector with a move to break up Alipay, an app with more than 1bn users owned by Jack Ma’s Ant Group

European stock markets rose after Federal Reserve officials said the US economy had recovered enough from the pandemic for emergency financial stimulu(...)

The Hong Kong-traded shares of Alibaba fell more than 3 per cent on Friday after a punishing session in New York overnight.

China’s biggest tech stocks dropped after the country approved a strict data privacy law, prompting renewed concerns among investors over the intensit(...)

Beer could be twice as expensive south of the Border under proposed minimum unit pricing rules,  Drink Ireland warns. Photograph: Justin Tallis/AFP/ Getty

Beer could be twice as expensive south of the Border under proposed minimum unit pricing rules, the lobby group, Drink Ireland, has warned. The Govern(...)

Jack Ma, CEO of Chinese e-commerce giant Alibaba. Photograph:  by Philippe Lopez/AFP

Jack Ma’s Ant Group Co. will drastically revamp its business, bowing to demands from Chinese authorities that want to rein in the country’s fast-growi(...)

 The headquarters of Alibaba  on the outskirts of Hangzhou, Zhejiang province, China. Photograph:  EPA/Jeff Lee

Alibaba does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO s(...)

Alibaba said it “sincerely accepted” the penalty.

Chinese regulators have fined Alibaba a record Rmb18.2 billion (€2.3 billion) after finding that the ecommerce group had abused its market dominance. (...)

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