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Alibaba Group

Chinese internet stocks rise on signs of easing regulation

SHANGHAI: US-listed shares of Chinese technology companies rose, driven by signs of China easing its regulatory...

Published 18 May, 2022 05:54am

Markets

Hong Kong shares rise as tech giants Alibaba, Tencent bounced back

HONG KONG: Hong Kong shares edged up on Thursday as tech giants Alibaba and Tencent bounced back after continuous...

Published 26 Nov, 2021 05:15am

Markets

Hong Kong shares close down

HONG KONG: Hong Kong shares finished down on Thursday, pressured by tech groups ahead of earnings amid regulatory...

Published 19 Nov, 2021 04:35am

Business & Finance

Alibaba says profit falls 81% as China tech crackdown bites

SHANGHAI: Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter...

Updated 18 Nov, 2021 06:00pm

Business & Finance

Alibaba Group expected to post earnings of CNY12.43/share

Biejing: Alibaba Group Holding Ltd is expected to show a rise in quarterly revenue when it reports results on...

Published 02 Nov, 2021 05:20am

Technology

Alibaba apps start offering WeChat Pay option after government orders

SHANGHAI: China's Alibaba Group Holding Ltd has begun offering payment services from Tencent Holdings Ltd's WeChat ...

Published 28 Sep, 2021 12:17pm

Business & Finance

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
Grays Leasing / May 27 Grays Leasing Limited(GRYL)	3.65 ▲ 0.95 (35.19%)
Premier Ins. / May 27 Premier Insurance Limited(PINL)	4.75 ▲ 1.00 (26.67%)
SME Leasing Ltd / May 27 SME Leasing Limited(SLL)	2.45 ▲ 0.40 (19.51%)
Gammon Pak / May 27 Gammon Pakistan Limited(GAMON)	6.66 ▲ 1.00 (17.67%)
Ghazi Fabrics / May 27 Ghazi Fabrics International Limited(GFIL)	6.30 ▲ 0.80 (14.55%)
Nazir Cotton Mills / May 27 Nazir Cotton Mills Limited(NCML)	5.85 ▲ 0.69 (13.37%)
Chakwal Spinning / May 27 Chakwal Spinning Mills Limited(CWSM)	2.00 ▲ 0.20 (11.11%)
Shaheen Ins. / May 27 Shaheen Insurance Company Limited(SHNI)	3.55 ▲ 0.35 (10.94%)
Media Times Ltd / May 27 Media Times Limited(MDTL)	1.98 ▲ 0.17 (9.39%)
Zephyr Textile / May 27 Zephyr Textiles Limited(ZTL)	11.48 ▲ 0.98 (9.33%)

Stock	Price
Punjab Mod / May 27 First Punjab Modaraba(FPJM)	1.70 ▲ -0.19 (-10.05%)
Trust Mod. / May 27 Trust Modaraba(TRSM)	1.51 ▲ -0.15 (-9.04%)
Huffaz Seamless / May 27 Huffaz Seamless Pipe Industries Limited(HSPI)	10.21 ▲ -1.00 (-8.92%)
First Pak Mod. / May 27 First Pak Modaraba(PAKMI)	2.40 ▲ -0.21 (-8.05%)
K.S.B.Pumps / May 27 KSB Pumps Company Limited(KSBP)	110.90 ▲ -8.99 (-7.50%)
Shams Textile / May 27 Shams Textile Mills Limited(STML)	55.43 ▲ -4.49 (-7.49%)
Bal. Wheel / May 27 Baluchistan Wheels Limited(BWHL)	78.64 ▲ -6.36 (-7.48%)
Imperial Limited / May 27 Imperial Limited(IML)	14.30 ▲ -1.15 (-7.44%)
Universal Network / May 27 Universal Network Systems Limited(GEMUNSL)	51.75 ▲ -4.15 (-7.42%)
EFG Hermes Pak / May 27 EFG Hermes Pakistan Limited(EFGH)	16.10 ▲ -1.28 (-7.36%)

Stock	Volume
Pak Refinery / May 27 Pakistan Refinery Limited(PRL)	35,646,724 ▼ 0.00
Cnergyico PK / May 27 Cnergyico PK Limited(CNERGY)	19,634,624 ▼ 0.00
Telecard Limited / May 27 Telecard Limited(TELE)	18,414,500 ▼ 0.00
Ghani Glo Hol / May 27 Ghani Global Holdings Limited(GGL)	17,582,929 ▼ 0.00
TPL Properties / May 27 TPL Properties Limited(TPLP)	16,753,479 ▼ 0.00
WorldCall Telecom / May 27 Worldcall Telecom Limited(WTL)	16,005,500 ▼ 0.00
Silk Bank Ltd / May 27 Silkbank Limited(SILK)	13,074,500 ▼ 0.00
P.T.C.L. / May 27 Pakistan Telecommunication Company Ltd(PTC)	12,947,000 ▼ 0.00
Fauji Foods Ltd / May 27 Fauji Foods Limited(FFL)	12,047,000 ▼ 0.00
TRG Pak Ltd / May 27 TRG Pakistan Limited(TRG)	9,254,282 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 25	201.80
USD PKR Interbank Buying / May 25	201.30
USD to Japanese Yen / May 25	127.41
USD to Swiss Franc / May 25	0.96
Pound Sterling to USD / May 25	1.26
Euro to USD / May 25	1.07
UK LIBOR % / May 25	0.82

Stock	Volume
S&P 500 / May 25	3978.73
India Sensex / May 25	53749.26
Tokyo Nikkei / May 25	26653.80
Nasdaq / May 25	11434.74
Hang Seng / May 25	19952.81
FTSE 100 / May 25	7522.75
Dow Jones / May 25	32120.28
Germany DAX 30 / May 25	14007.93
France CAC40 / May 25	6298.64

Item	Value
Crude Oil USD/Barrel / May 25	110.44
Karachi Cotton PKR/37.32 KG / May 25	21180.00
Gold 10 Grams PKR / May 25	120700.00
Gold Spot USD/Ounce / May 25	1849.73
Cotton US¢/pound / May 25	122.20

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