Trends - Alibaba - Business Recorder

Alibaba

Trump administration takes final swipes at China and its companies

Executives of state-owned enterprises, officials of the Chinese Communist Party and military, along with oil giant CNOOC will face new restrictions for allegedly using coercion against states with rival South China Sea claims.

Published 15 Jan, 2021 10:07am

Business & Finance

Alibaba's Cainiao launches container booking service, cites global cargo woes

A severe container shortage is pinching global export flows, driven by China's lopsided trade balance - exporting three containers for every one imported recently - and delays in containers returning to China due to the pandemic.

Published 14 Jan, 2021 11:55am

Markets

Bonds dip, Nikkei charges higher as stimulus hopes stoke gains

Trump bolstered a ban on US investments in Chinese companies deemed to be linked with the military by clarifying late on Wednesday that American investors cannot own them after November 2021.

Published 14 Jan, 2021 09:23am

Business & Finance

Alibaba increases share repurchase programme to $10bn, shares fall

China's market regulator launched an antitrust investigation into Alibaba last week, part of an accelerating crackdown on anticompetitive behaviour in China's booming internet space.

Published 28 Dec, 2020 09:20am

Markets

Hong Kong stocks end with gains

The Hang Seng Index added 0.16 percent, or 43.46 points.

Published 24 Dec, 2020 11:23am

Business & Finance

China begins anti-monopoly investigation into Alibaba

State media have repeatedly called for tighter oversight of these firms, warning of potential financial instability as a result of their unregulated rapid growth.

Published 24 Dec, 2020 09:13am

Markets

Hong Kong stocks open flat

The Hang Seng Index inched down 0.23 points to 26,342.87.

Published 24 Dec, 2020 09:11am

Technology

Alibaba facial recognition tech specifically picks out Uighur minority

"We have eliminated any ethnic tag in our product offering," an Alibaba spokeswoman told Reuters.

Published 18 Dec, 2020 10:22am

Technology

Zoom to set up R&D centre and hire hundreds of engineers in Singapore

Last month, the low-tax global business hub announced a new work visa for foreign executives of technology firms, even as it tightens broader immigration curbs to try and assuage fears over competition for jobs due to rising unemployment.

Published 16 Dec, 2020 12:03pm

Business & Finance

Chinese firms on U.S. exchanges threatened by bill headed to Trump's desk

The measure passed the House by unanimous voice vote, after passing the Senate unanimously in May, sending it to Trump, who the White House said is expected to sign it into law.

Published 03 Dec, 2020 11:07am

India bans 43 more Chinese apps in latest salvo at Beijing

A further 118 Chinese mobile applications, including the hit shoot 'em up game PUBG, were banned in September.

Published 24 Nov, 2020 08:19pm

Markets

Alibaba beats sales forecasts on China e-commerce growth

China’s surprise suspension of Ant Group’s planned $37 billion Shanghai initial public offering (IPO) was seen by some analysts and investors as an attempt by Beijing to cut founder Jack Ma and his financial services empire down to size.

Published 06 Nov, 2020 10:06am

Business & Finance

Alibaba posts solid revenue ahead of shopping festival

Alibaba said the pandemic may be helping e-commerce as consumers opt for the safety of online shopping.

Published 05 Nov, 2020 06:55pm

World

Saudi Arabia inks strategic pacts with three IT giants on artificial intelligence

The agreements are part of Saudi Arabia's Vision 2030 reform plan that aims to promote economic and social policies

Published 23 Oct, 2020 11:39am

Business & Finance

Water bottle mogul dethrones Jack Ma as China’s richest man

Zhong Shanshan has become the richest man in China with a net worth of USD 58.7 billion.

Published 25 Sep, 2020 12:29pm

Business & Finance

Alibaba revenue up 34 percent as coronavirus fuels online spending

Profit jumped 124 percent in the quarter to $6.7 billion, due mainly to gains in equity investments.

Published 20 Aug, 2020 06:53pm

Business & Finance

AliExpress Russia eyes $10bn turnover by 2022-2023, up an estimated 66pc

We are completely localising business and are building a separate company here," Sergeev said.
He said AliExpress Russia wanted to increase the share of Russian sellers on the platform to 50% by 2022-2023.

Published 10 Jul, 2020 08:17pm

Gainers
Losers
Leaders

Stock	Price
B.R.R. Mod. (R) / Jan 19 B.R.R. Guardian Modaraba (R)(BRRR)	3.54 ▲ 2.17 (39.37%)
Dawood Equities / Jan 19 Dawood Equities Limited(DEL)	7.56 ▲ 1.21 (15.24%)
Popular Islamic Mod. / Jan 19 Popular Islamic Modaraba(PIM)	7.70 ▲ 1.70 (10.95%)
Saudi Pak Leas. / Jan 19 Saudi Pak Leasing Company Limited(SPLC)	1.75 ▲ 0.18 (9.37%)
Telecard / Jan 19 Telecard Limited(TELE)	3.08 ▲ 0.44 (9.22%)
B.R.R. Mod. / Jan 19 B.R.R. Guardian Modaraba(BRR)	13.50 ▲ 2.30 (8.00%)
Khurshid Spinng / Jan 19 Khurshid Spinning Mills Limited(KHSM)	19.79 ▲ 1.38 (7.50%)
Dadex Eternit / Jan 19 Dadex Eternit Limited(DADX)	42.20 ▲ 2.94 (7.49%)
Nagina Cot. / Jan 19 Nagina Cotton Mills Limited(NAGC)	61.82 ▲ 8.92 (7.49%)
Matco Foods / Jan 19 Matco Foods Limited(MFL)	28.05 ▲ 3.77 (7.47%)

Stock	Price
Shahmurad / Jan 19 Shahmurad Sugar Mills Limited(SHSML)	97.15 ▼ 12.83 (-12.40%)
Ashfaq Textile / Jan 19 Ashfaq Textile Mills Limited(ASHT)	9.66 ▼ 0.00 (-9.38%)
Shadman Cotton / Jan 19 Shadman Cotton Mills Limited(SHCM)	21.18 ▼ 0.00 (-7.47%)
Wyeth Pakistan / Jan 19 Wyeth Pakistan Limited(WYETH)	945.00 ▼ 16.63 (-7.00%)
PICIC Insurance / Jan 19 PICIC Insurance Limited(PIL)	1.40 ▼ 0.00 (-6.67%)
First Elite Cap. Mod. / Jan 19 First Elite Capital Modaraba(FECM)	3.01 ▼ 0.31 (-5.35%)
Jauharabad Sug. / Jan 19 Jauharabad Sugar Mills Limited(JSML)	25.52 ▼ 1.00 (-4.95%)
S. S. Oil / Jan 19 S.S.Oil Mills Limited(SSOM)	93.25 ▼ 0.00 (-4.81%)
Chakwal Spinng / Jan 19 Chakwal Spinning Mills Limited(CWSM)	2.20 ▼ 0.14 (-4.76%)
Grays Leas. / Jan 19 Grays Leasing Limited(GRYL)	5.21 ▼ 0.00 (-4.75%)

Stock	Volume
TRG Pak. / Jan 19 TRG Pakistan Limited(TRG)	47,593,500 ▼ 10.51
Fauji Foods / Jan 19 Fauji Foods Limited(FFL)	44,616,500 ▼ 1.46
K-Electric Ltd / Jan 19 K-Electric Limited(KEL)	33,013,500 ▼ 0.07
Hum Network / Jan 19 Hum Network Limited(HUMNL)	23,691,500 ▼ 0.35
Unity Foods / Jan 19 Unity Foods Limited(UNITY)	21,084,818 ▼ 1.04
Jahangir Sid. Co. / Jan 19 Jahangir Siddiqui & Co. Ltd.(JSCL)	20,909,000 ▼ 1.68
Pakistan Refinery / Jan 19 Pakistan Refinery Limited(PRL)	18,531,000 ▼ 0.32
Worldcall / Jan 19 Worldcall Telecom Limited(WTL)	18,273,500 ▼ 0.07
Kot Addu / Jan 19 Kot Addu Power Company Limited(KAPCO)	16,004,500 ▼ 1.26
Faysal Bank / Jan 19 Faysal Bank Limited(FABL)	15,356,500 ▼ 1.82

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 19	160.55
USD PKR Interbank Buying / Jan 19	160.45
USD to Japanese Yen / Jan 19	103.68
USD to Swiss Franc / Jan 19	0.89
Pound Sterling to USD / Jan 19	1.36
Euro to USD / Jan 19	1.21

Stock	Volume
S&P 500 / Jan 19	3768.25
India Sensex / Jan 19	48564.27
Tokyo Nikkei / Jan 19	28242.21
Nasdaq / Jan 19	12998.50
Hang Seng / Jan 19	28862.77
FTSE 100 / Jan 19	6720.65
Dow Jones / Jan 19	30814.26
Germany DAX 30 / Jan 19	13848.35
France CAC40 / Jan 19	5617.27