Trends - Alibaba Group - Business Recorder

Alibaba Group

China's market regulator investigates Alibaba-Minmetals JV

Minmetals said in a statement that it received a notice from the State Administration for Market Regulation in recent days about an investigation into the joint venture formed in 2015, in which Alibaba transferred its 44% stake to an unrelated firm in 2019.

Published 19 Apr, 2021 05:23pm

Markets

China shares rise as some IT firms pledge against anti competition; Hang Seng gains

The smaller Shenzhen index was up 0.79%, the start-up board ChiNext Composite index was higher by 1.4% and Shanghai's tech-focused STAR50 index was up 0.84%?.

Published 14 Apr, 2021 12:48pm

Markets

Stocks slip from record highs before U.S. bank earnings

The S&P 500's P/E ratio on a forward 12-month basis is 23.5, a more than 40pc premium to its 20-year average, according to CFRA.

Updated 13 Apr, 2021 12:09am

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

Technology

Tencent boss meets China antitrust officials as scrutiny widens

The meeting is the most concrete indication yet that China's unprecedented antitrust crackdown, which started late last year with billionaire Jack Ma's Alibaba business empire, could soon target other internet behemoths.
Tencent, whose WeChat messaging and payment mobile app is ubiquitous in China, is expected to be the next in line for sharper antitrust regulatory inquiries, said the three people.

Published 24 Mar, 2021 05:41pm

Business & Finance

China's Pinduoduo quarterly revenue more than doubles

The Shanghai-based company reported 788.4 million annual active buyers for the 12 months to the end of 2020, overtaking rival Alibaba Group to become China's largest e-commerce platform by users. Alibaba recorded 779 million annual active buyers during the same period.
The 41-year-old Huang, who owns about 30% of Pinduoduo, will also give up his super voting rights.

Published 17 Mar, 2021 07:19pm

Markets

JD.com in talks to buy stake worth $1.5bn in brokerage

HONG KONG: JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5...

Updated 14 Mar, 2021 10:28am

Business & Finance

China regulator finalises guidelines on banks' internet loan businesses

SHANGHAI: China's bank regulator on Saturday tightened requirements on the internet loan business of commercial...

Updated 21 Feb, 2021 05:13pm

Business & Finance

Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders

. Instead Huawei Technologies’ Ren Zhengfei, Xiaomi Corp’s Lei Jun and BYD’s Wang Chuanfu were lauded for their contributions.

Published 02 Feb, 2021 10:22am

World

Alibaba's Jack Ma makes first public appearance since Oct in online meeting

Tianmu News, a news portal under Zhejiang Online.

Published 20 Jan, 2021 11:14am

Business & Finance

Jack Ma's disappearing act fuels speculation about billionaire's whereabouts

The Financial Times reported on Friday that Ma was replaced as a judge in the final episode in November of a game show for entrepreneurs called Africa's Business Heroes.
Chinese regulators have zeroed in on Ma's businesses since his October speech including launching an antitrust probe into Alibaba.

Published 04 Jan, 2021 07:14pm

Markets

Nikkei edges near 30-year high on recovery hopes, heavy machinery stocks' gains

SoftBank Group dropped 1.8% after China launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days.

Published 24 Dec, 2020 09:51am

Business & Finance

China fines Alibaba, Tencent for failing to report past deals to anti-trust regulators

The State Administration of Market Regulation said in a statement that it had taken the decision after reviewing deals the firms were involved in.

Published 14 Dec, 2020 11:00am

Gainers
Losers
Leaders

Stock	Price
S.G. Power Ltd. / Jun 18 S.G. Power Limited(SGPL)	2.55 ▲ 1.00 (64.52%)
First Elite Cap. Mod. / Jun 18 First Elite Capital Modaraba(FECM)	3.74 ▲ 0.43 (12.99%)
TPL Corp / Jun 18 TPL Corp Limited(TPL)	13.03 ▲ 1.00 (8.31%)
TPL Trakker / Jun 18 TPL Trakker Limited(TPLT)	13.90 ▲ 1.00 (7.75%)
Hum Network / Jun 18 Hum Network Limited(HUMNL)	9.17 ▲ 0.65 (7.63%)
Atlas Honda / Jun 18 Atlas Honda Limited(ATLH)	515.74 ▲ 35.98 (7.50%)
Bolan Castings / Jun 18 Bolan Castings Limited(BCL)	138.54 ▲ 9.66 (7.50%)
National Refinery / Jun 18 National Refinery Limited(NRL)	549.73 ▲ 38.35 (7.50%)
Prosperity / Jun 18 Prosperity Weaving Mills Limited(PRWM)	58.05 ▲ 4.05 (7.50%)
Saif Tex / Jun 18 Saif Textile Mills Limited(SAIF)	23.65 ▲ 1.65 (7.50%)

Stock	Price
Dewan Tex. / Jun 18 Dewan Textile Mills Limited(DWTM)	2.60 ▲ -0.34 (-11.56%)
First AL-Noor Mod. / Jun 18 First Al-Noor Modaraba(FANM)	3.10 ▲ -0.39 (-11.17%)
Jahangir Siddiqui (R) / Jun 18 Jahangir Siddiqui & Co. Ltd (R)(JSCLR1)	8.01 ▲ -1.00 (-11.10%)
First Prud Mod. / Jun 18 First Prudential Modaraba(PMI)	2.44 ▲ -0.21 (-7.92%)
JS Global / Jun 18 JS Global Capital Limited(JSGCL)	110.39 ▲ -8.94 (-7.49%)
Metro Steel / Jun 18 Metropolitan Steel Corporation Limited(MSCL)	21.00 ▲ -1.50 (-6.67%)
Trust Mod. / Jun 18 Trust Modaraba(TRSM)	2.72 ▲ -0.18 (-6.21%)
Bawany Air / Jun 18 Bawany Air Products Limited(BAPL)	14.64 ▲ -0.86 (-5.55%)
Shaheen Ins. / Jun 18 Shaheen Insurance Company Limited(SHNI)	4.31 ▲ -0.24 (-5.27%)
Kohinoor Power / Jun 18 Kohinoor Power Company Limited(KOHP)	5.20 ▲ -0.28 (-5.11%)

Stock	Volume
Hum Network / Jun 18 Hum Network Limited(HUMNL)	45,058,000 ▼ 0.00
Worldcall / Jun 18 Worldcall Telecom Limited(WTL)	42,667,500 ▼ 0.00
Byco Petroleum / Jun 18 Byco Petroleum Pakistan Limited(BYCO)	37,260,500 ▼ 0.00
Unity Foods / Jun 18 Unity Foods Limited(UNITY)	36,007,668 ▼ 0.00
Silkbank / Jun 18 Silkbank Limited(SILK)	27,915,500 ▼ 0.00
Hascol Petroleum / Jun 18 Hascol Petroleum Limited(HASCOL)	16,973,896 ▼ 0.00
Ghani Global Glass / Jun 18 Ghani Global Glass Limited(GGGL)	15,877,500 ▼ 0.00
Pakistan Refinery / Jun 18 Pakistan Refinery Limited(PRL)	15,116,000 ▼ 0.00
Pak Int.Bulk Ter / Jun 18 Pakistan International Bulk Terminal Limited(PIBTL)	13,062,500 ▼ 0.00
K-Electric Ltd / Jun 18 K-Electric Limited(KEL)	12,591,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 18	156.80
USD PKR Interbank Buying / Jun 18	156.70
USD to Japanese Yen / Jun 18	110.30
USD to Swiss Franc / Jun 18	0.92
Pound Sterling to USD / Jun 18	1.39
Euro to USD / Jun 18	1.19
UK LIBOR % / Jun 18	0.06

Stock	Volume
S&P 500 / Jun 18	4221.86
India Sensex / Jun 18	52323.33
Tokyo Nikkei / Jun 18	29018.33
Nasdaq / Jun 18	14161.35
Hang Seng / Jun 18	28558.59
FTSE 100 / Jun 18	7153.43
Dow Jones / Jun 18	33823.45
Germany DAX 30 / Jun 18	15727.67
France CAC40 / Jun 18	6666.26

Item	Value
Crude Oil / Jun 18	70.94
Karachi Cotton Assoc. / Jun 18	12300.00
Gold 10 Grams / Jun 18	89163.00
Gold Spot / Jun 18	1775.30
Cotton / Jun 18	84.06

Alibaba Group

China's market regulator investigates Alibaba-Minmetals JV

China shares rise as some IT firms pledge against anti competition; Hang Seng gains

Stocks slip from record highs before U.S. bank earnings

China hits Alibaba with record $2.78bn for market abuses

Tencent boss meets China antitrust officials as scrutiny widens

China's Pinduoduo quarterly revenue more than doubles

JD.com in talks to buy stake worth $1.5bn in brokerage

China regulator finalises guidelines on banks' internet loan businesses

Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders

Alibaba's Jack Ma makes first public appearance since Oct in online meeting

Jack Ma's disappearing act fuels speculation about billionaire's whereabouts

Nikkei edges near 30-year high on recovery hopes, heavy machinery stocks' gains

China fines Alibaba, Tencent for failing to report past deals to anti-trust regulators

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