China’s crackdown on Jack Ma’s empire is far from over: The country’s regulators have ordered the Ma-founded Alibaba affiliate Ant Group to scale down its business. In particular, they’ve ordered the…
China’s market regulator has opened an investigation into Alibaba’s “suspected monopolistic conduct.” The State Administration for Market Regulation has posted a short statement on its website announcing the anti—monopoly… Read More
When Alibaba entered the cloud infrastructure market in earnest in 2015 it had ambitious goals, and it has been growing steadily. Today, the Chinese e-commerce giant announced quarterly… Read More
Alibaba reported better-than-expected quarterly financial results on Friday fueled by a surge in online retail sales in China and strong growth in the firm’s cloud business. Read More
The departure of Ma, who retired as Alibaba’s executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy. Read More
Alibaba Group Holding Ltd (BABA.N) said it will invest 200 billion yuan ($28 billion) in its cloud infrastructure over three years – a plan that follows a… Read More
The smart speaker business is booming in China with a 500% year-on-year growth in the first quarter of 2019. Read More
