Trends - Alibaba - Business Recorder

Alibaba

China’s big tech ‘rectification’ continues after Alibaba record fine

A record fine, public penitence from a tech giant and a ‘who’s who’ of digital firms warned to “rectify”...

Published 15 Apr, 2021 03:22am

Markets

Asian markets retreat as traders await earnings season

Eyes will be on the release of consumer price data this week, after figures Friday showed the producer price index last month came in above forecasts and hit its highest level in almost a decade.

Updated 12 Apr, 2021 04:57pm

Technology

Alibaba shares soar as it plays down hit from record $2.78bn fine

Regulators slammed the tech giant with the penalty on Saturday after a months long probe concluded it had been abusing its dominant market position.

Updated 12 Apr, 2021 04:58pm

Markets

China’s Didi picks Goldman, Morgan Stanley for mega US IPO

HONG KONG: China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its...

Published 12 Apr, 2021 03:59am

China hits Alibaba with record $2.78bn for market abuses

SHANGHAI: Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on...

Updated 11 Apr, 2021 05:47pm

Business & Finance

Events leading up to China's $2.75 billion fine on Alibaba

The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma’s stinging public criticism of the country’s regulatory system in October.

Published 10 Apr, 2021 02:46pm

World

Chinese regulators fine Alibaba $2.78 billion over monopolistic market abuse

Regulators in China have punished e-commerce giant Alibaba with a massive $2.78 billion (18.2 billion yuan) fine over practices deemed to be an abuse of the company's dominant (and monopolistic) market position.
Alibaba in particular has remained under scrutiny since last year, when co-founder Jack Ma criticised Chinese regulators as being "behind the times", after the company's financial arm Ant Group was investigated.

Published 10 Apr, 2021 01:24pm

Business & Finance

China fines Alibaba record $2.75 billion for anti-monopoly violations

The penalty, equivalent to around 4% of Alibaba’s 2019 revenues, comes amid an unprecedented regulatory crackdown on home-grown technology conglomerates in the past few months that have weighed on company shares.

Published 10 Apr, 2021 10:12am

Business & Finance

Alibaba-backed Bilibili closes down in Hong Kong trading debut

"The advantages of a secondary listing in Hong Kong include relatively manageable regulatory process and time frame, ability to attract more Mainland Chinese and Hong Kong investors as well as efficient capital raising process," Zhu said.

Published 29 Mar, 2021 02:20pm

World

H&M’s Xinjiang cotton ban sparks China backlash

BEIJING: Swedish clothing giant H&M’s decision to no longer source cotton from China’s Xinjiang region is...

Published 25 Mar, 2021 05:08am

World

China summons tech giants over internet security

BEIJING: Chinese authorities on Thursday summoned 11 tech companies including Tencent, Alibaba, and TikTok parent...

Updated 19 Mar, 2021 09:34am

Technology

China summons tech giants over internet security

The aim is to ensure they comply with regulations and take "effective rectification measures" for potential hazards discovered.

Updated 18 Mar, 2021 04:07pm

World

China asks Alibaba to divest media assets

BEIJING: Beijing has asked Chinese e-commerce titan Alibaba to divest its assets in the media sector out of concern...

Updated 16 Mar, 2021 09:38am

Markets

China's market regulator to launch new rules on online deals

The State Administration of Market Regulation said it would roll out administrative guidance around the Single's Day.

Published 15 Mar, 2021 12:02pm

Business & Finance

CEO of China's Ant Group steps down

BEIJING: The chief executive of Chinese fintech giant Ant Group has stepped down for "personal reasons", a...

Published 13 Mar, 2021 04:28am

Technology

China eyes record monopoly fine near $1bn for Alibaba: report

An Alibaba spokesperson declined to comment on the report when contacted by AFP.

Published 12 Mar, 2021 10:45am

World

China’s billionaires club swells

BEIJING: More than 200 billionaires were created in China last year as booming stock markets and a flood of new...

Updated 03 Mar, 2021 09:37am

Business & Finance

GM's China venture, smart car supplier PATEO filed anti-monopoly complaint against Tencent

It said Tencent has been asking car companies to stop using PATEO's Internet of Vehicles products since August 2020.

Published 09 Feb, 2021 11:49am

Business & Finance

SoftBank's Son hails 'golden eggs' as Vision Fund rallies

Reported unrealised gain of $10.7 bln in Doordash.
Almost half of VF1 portfolio listed or exited.
SB Northstar reported $2.7 bln derivative loss.
Unit's stakes include TSMC ADRs.

Updated 08 Feb, 2021 10:01pm

Markets

Alibaba plans up to $5bn US-dollar bond issuance

HONG KONG/SHANGHAI: Chinese e-commerce giant Alibaba Group Holding Ltd plans to raise up to $5 billion through the...

Published 08 Feb, 2021 03:46am

Business & Finance

Profits jump for Chinese e-commerce giant Alibaba

BEIJING: Chinese e-commerce giant Alibaba saw profits jump over the last three months of 2020 as economic activity...

Published 08 Feb, 2021 03:46am

Business & Finance

PayPal halting online payment services within India

NEW DELHI: Online payments giant PayPal said Friday it will halt domestic financial transactions within India, ...

Published 07 Feb, 2021 04:07am

Markets

Alibaba plans up to $5bn US-dollar bond issuance -term sheet

The latest offering will have various maturities up to 40 years, the term sheet showed, adding it is expected to include a tranche of sustainability notes due in 2041.

Published 03 Feb, 2021 10:39am

Markets

Alibaba's shares surge as Jack Ma reappears

Shares in Alibaba soared 8.5 percent to HK$265.00 in Hong Kong.

Published 20 Jan, 2021 05:42pm

Business & Finance

China’s Jack Ma makes first video appearance since Ant crackdown

Jack Ma decided to say goodbye to Alibaba in 2018 and was last seen at a conference in October last year criticizing Chinese government regulators, after which he disappeared raising global concerns.

Published 20 Jan, 2021 11:39am

World

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

Gainers
Losers
Leaders

Stock	Price
Dawood Equities / Apr 21 Dawood Equities Limited(DEL)	5.65 ▲ 0.60 (11.88%)
Sana Ind. (R) / Apr 21 Sana Industries (R)(SNAIR)	12.01 ▲ 1.00 (9.08%)
Bal. Glass / Apr 21 Balochistan Glass Limited(BGL)	13.00 ▲ 1.00 (8.33%)
Service Fab. / Apr 21 Service Fabrics Limited(SERF)	13.35 ▲ 1.00 (8.10%)
Service Tex. / Apr 21 Service Industries Textiles Limited(SERT)	13.61 ▲ 1.00 (7.93%)
Telecard / Apr 21 Telecard Limited(TELE)	13.87 ▲ 1.00 (7.77%)
AKD Capital Ltd / Apr 21 AKD Capital Limited(AKDCL)	451.50 ▲ 31.50 (7.50%)
Tandlianwala / Apr 21 Tandlianwala Sugar Mills Limited(TSML)	133.63 ▲ 9.32 (7.50%)
Kohi.Tex. / Apr 21 Kohinoor Textile Mills Limited(KTML)	70.61 ▲ 4.92 (7.49%)
Pak Synthetic / Apr 21 Pakistan Synthetics Limited(PSYL)	27.41 ▲ 1.91 (7.49%)

Stock	Price
First Equity Mod. / Apr 21 First Equity Modaraba(FEM)	3.34 ▲ -0.73 (-17.94%)
First Credit & Inv. / Apr 21 First Credit and Investment Bank Limited(FCIBL)	5.64 ▲ -0.87 (-13.36%)
Century Ins. / Apr 21 Century Insurance Company Limited(CENI)	18.95 ▲ -2.70 (-12.47%)
Tri-Star / Apr 21 Tri-Star Mutual Fund Limited(TSMF)	4.51 ▲ -0.49 (-9.80%)
Island Tex. / Apr 21 Island Textile Mills Limited(ILTM)	1918.45 ▲ -155.55 (-7.50%)
Mirpurkhas Sugar / Apr 21 Mirpurkhas Sugar Mills Limited(MIRKS)	94.35 ▲ -7.65 (-7.50%)
Punjab Oil / Apr 21 Punjab Oil Mills Limited(POML)	203.50 ▲ -16.50 (-7.50%)
Sapphire Tex. / Apr 21 Sapphire Textile Mills Limited(SAPT)	914.83 ▲ -74.17 (-7.50%)
Tata Textile / Apr 21 Tata Textile Mills Limited(TATM)	59.30 ▲ -4.80 (-7.49%)
Mian Textile / Apr 21 Mian Textile Industries Limited(MTIL)	18.60 ▲ -1.50 (-7.46%)

Stock	Volume
TRG Pak. / Apr 21 TRG Pakistan Limited(TRG)	46,695,449 ▼ 0.00
Worldcall / Apr 21 Worldcall Telecom Limited(WTL)	42,836,000 ▼ 0.00
Unity Foods / Apr 21 Unity Foods Limited(UNITY)	37,550,386 ▼ 0.00
Ghani Global Hold. / Apr 21 Ghani Global Holdings Limited(GGL)	31,297,500 ▼ 0.00
Telecard / Apr 21 Telecard Limited(TELE)	16,091,000 ▼ 0.00
Byco Petr. / Apr 21 Byco Petroleum Pakistan Limited(BYCO)	11,571,000 ▼ 0.00
Bal. Glass / Apr 21 Balochistan Glass Limited(BGL)	10,725,000 ▼ 0.00
Power Cement / Apr 21 Power Cement Limited(POWER)	10,568,000 ▼ 0.00
Media Times / Apr 21 Media Times Limited(MDTL)	9,277,500 ▼ 0.00
Aisha Steel / Apr 21 Aisha Steel Mills Limited(ASL)	8,211,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 20	153.00
USD PKR Interbank Buying / Apr 20	152.90
USD to Japanese Yen / Apr 20	108.07
USD to Swiss Franc / Apr 20	0.92
Pound Sterling to USD / Apr 20	1.39
Euro to USD / Apr 20	1.20
UK LIBOR % / Apr 20	0.07

Stock	Volume
S&P 500 / Apr 20	4134.94
India Sensex / Apr 20	47705.80
Tokyo Nikkei / Apr 20	29100.38
Nasdaq / Apr 20	13788.27
Hang Seng / Apr 20	29135.73
FTSE 100 / Apr 20	6859.87
Dow Jones / Apr 20	33821.30
Germany DAX 30 / Apr 20	15129.51
France CAC40 / Apr 20	6165.11

Item	Value
Crude Oil / Apr 20	62.67
Karachi Cotton Assoc. / Apr 20	10800.00
Gold 10 Grams / Apr 20	94564.00
Gold Spot / Apr 20	1778.40
Cotton / Apr 20	85.17

Alibaba

China’s big tech ‘rectification’ continues after Alibaba record fine

Asian markets retreat as traders await earnings season

Alibaba shares soar as it plays down hit from record $2.78bn fine

China’s Didi picks Goldman, Morgan Stanley for mega US IPO

China hits Alibaba with record $2.78bn for market abuses

Events leading up to China's $2.75 billion fine on Alibaba

Chinese regulators fine Alibaba $2.78 billion over monopolistic market abuse

China fines Alibaba record $2.75 billion for anti-monopoly violations

Alibaba-backed Bilibili closes down in Hong Kong trading debut

H&M’s Xinjiang cotton ban sparks China backlash

China summons tech giants over internet security

China summons tech giants over internet security

China asks Alibaba to divest media assets

China's market regulator to launch new rules on online deals

CEO of China's Ant Group steps down

China eyes record monopoly fine near $1bn for Alibaba: report

China’s billionaires club swells

GM's China venture, smart car supplier PATEO filed anti-monopoly complaint against Tencent

SoftBank's Son hails 'golden eggs' as Vision Fund rallies

Alibaba plans up to $5bn US-dollar bond issuance

Profits jump for Chinese e-commerce giant Alibaba

PayPal halting online payment services within India

Alibaba plans up to $5bn US-dollar bond issuance -term sheet

Alibaba's shares surge as Jack Ma reappears

China’s Jack Ma makes first video appearance since Ant crackdown

Trump administration takes final swipes at China and its companies

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

Bonds dip, Nikkei charges higher as stimulus hopes stoke gains

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

Hong Kong stocks end with gains

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