Trends - Alibaba Group - Business Recorder

Alibaba Group

China's Alibaba to invest $15.5bn for ‘common prosperity’

SHANGHAI: China's Alibaba Group will invest 100 billion yuan ($15.5 billion) by 2025 in support of "common...

Published 02 Sep, 2021 03:25pm

Technology

Alibaba earnings down as China tech giants face turmoil

The Hangzhou-based company was the first of China's tech champions to feel the wrath of a government that has become concerned over their rapid growth and data security

Updated 04 Aug, 2021 02:01pm

Business & Finance

Alibaba earnings down as China tech giants face turmoil

SHANGHAI: Chinese e-commerce leader Alibaba Group said Tuesday that it posted lower profit but maintained steady...

Published 04 Aug, 2021 04:14am

Sports

Daraz partners with Pakistan Olympic Association

LAHORE: Daraz (Alibaba Group), Pakistan's leading e-commerce powerhouse, has announced its Olympic Games partnership...

Published 13 Jul, 2021 03:22am

Business & Finance

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
Pak Gen. Ins. / Sep 23 The Pakistan General Insurance Co. Ltd.(PKGI)	5.20 ▲ 1.00 (23.81%)
Tri-Star / Sep 23 Tri-Star Mutual Fund Limited(TSMF)	6.80 ▲ 0.90 (15.25%)
First Equity Mod. / Sep 23 First Equity Modaraba(FEM)	7.38 ▲ 0.69 (10.31%)
Samba Bank / Sep 23 Samba Bank Limited(SBL)	10.82 ▲ 1.00 (10.18%)
First Fid. Leas. / Sep 23 First Fidelity Leasing Modaraba(FFLM)	4.50 ▲ 0.41 (10.02%)
Sapphire Fib. / Sep 23 Sapphire Fibres Limited(SFL)	860.00 ▲ 60.00 (7.50%)
Abbott Lab. / Sep 23 Abbott Laboratories (Pakistan) Limited(ABOT)	797.00 ▲ 55.54 (7.49%)
Huffaz Pipe / Sep 23 Huffaz Seamless Pipe Industries Limited(HSPI)	24.86 ▲ 1.73 (7.48%)
Crescent Cotton / Sep 23 Crescent Cotton Mills Limited(CCM)	57.00 ▲ 3.90 (7.34%)
Data Agro / Sep 23 Data Agro Limited(DAAG)	22.99 ▲ 1.56 (7.28%)

Stock	Price
First IBL Mod. / Sep 23 First IBL Modaraba(FIBLM)	4.15 ▲ -0.75 (-15.31%)
Pak. P.V.C. / Sep 23 Pakistan PVC Limited(PPVC)	6.16 ▲ -1.00 (-13.97%)
Universal Ins. / Sep 23 The Universal Insurance Company Limited(UVIC)	4.53 ▲ -0.72 (-13.71%)
Colony Textile / Sep 23 Colony Textile Mills Limited(CTM)	5.29 ▲ -0.70 (-11.69%)
Nazir Cotton / Sep 23 Nazir Cotton Mills Limited(NCML)	7.50 ▲ -0.88 (-10.50%)
Ist Paramount / Sep 23 First Paramount Modaraba(FPRM)	6.40 ▲ -0.75 (-10.49%)
Pak Gulf Leas. / Sep 23 Pak-Gulf Leasing Company Limited(PGLC)	5.11 ▲ -0.59 (-10.35%)
Pervez Ahmed Cons. / Sep 23 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.22 ▲ -0.12 (-8.96%)
Pak. Int. Airlines (A) / Sep 23 Pakistan International Airlines Corporation Limited (A)(PIAA)	4.38 ▲ -0.41 (-8.56%)
Dewan Farooque Motors / Sep 23 Dewan Farooque Motors Limited(DFML)	7.56 ▲ -0.69 (-8.36%)

Stock	Volume
Worldcall / Sep 23 Worldcall Telecom Limited(WTL)	89,101,500 ▼ 0.00
Hum Network / Sep 23 Hum Network Limited(HUMNL)	29,207,500 ▼ 0.00
Telecard Ltd. / Sep 23 Telecard Limited(TELE)	23,359,500 ▼ 0.00
Treet Corp. / Sep 23 Treet Corporation Limited(TREET)	18,751,500 ▼ 0.00
Byco Petroleum / Sep 23 Byco Petroleum Pakistan Limited(BYCO)	13,812,000 ▼ 0.00
Unity Foods / Sep 23 Unity Foods Limited(UNITY)	13,282,469 ▼ 0.00
K-Electric Ltd / Sep 23 K-Electric Limited(KEL)	13,154,500 ▼ 0.00
Bank of Punjab / Sep 23 The Bank of Punjab(BOP)	11,131,500 ▼ 0.00
TPL Properties / Sep 23 TPL Properties Limited(TPLP)	10,785,000 ▼ 0.00
TPL Corp / Sep 23 TPL Corp Limited(TPL)	10,767,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 22	168.70
USD PKR Interbank Buying / Sep 22	168.60
USD to Japanese Yen / Sep 22	109.78
USD to Swiss Franc / Sep 22	0.93
Pound Sterling to USD / Sep 22	1.36
Euro to USD / Sep 22	1.17
UK LIBOR % / Sep 22	0.07

Stock	Volume
S&P 500 / Sep 22	4395.64
India Sensex / Sep 22	58927.33
Tokyo Nikkei / Sep 22	29639.40
Nasdaq / Sep 22	14896.85
Hang Seng / Sep 22	24221.54
FTSE 100 / Sep 22	7083.37
Dow Jones / Sep 22	34258.32
Germany DAX 30 / Sep 22	15506.74
France CAC40 / Sep 22	6637.00