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The Latest Breaking News from Alibaba

China wants AI to rival ChatGPT. Censorship makes that tricky

Chinese firms including Baidu and Alibaba are racing to roll out versions of the chatbots taking tech world by storm.

Al Jazeera

A year into Ukraine war, Asia’s big brands sit out Russia boycott

Fewer than 100 Asia-based firms have suspended or scaled back their Russia operations, according to database.

Al Jazeera

2 China Stocks That Could Be Better Buys Than Alibaba in 2023

Amid the reopening of China’s economy, stocks are expected to see a significant rebound. Therefore, investors could invest in fundamentally strong stocks Hello Group (MOMO) and China Automotive Systems (CAAS) instead of Alibaba Group (BABA). Read more….

StockNews.com

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Hackers scored data center logins for some of the world’s biggest corporations more than a year ago. Now they’re selling that information

In an episode that underscores the vulnerability of global computer networks, hackers got ahold of login credentials for data centers in Asia used by some of the world’s biggest businesses, a potential bonanza for spying or sabotage, according to a cybersecurity research firm.

Tribune News Service

Jack Ma spotted in Australia in a nod to Alibaba’s global roots

BEIJING: Jack Ma has popped up in Australia, the latest stop on a months-long global jaunt and one that has particular emotional resonance for the billionaire Alibaba co-founder.

The Times of India

Weekly Must-Read: China’s Hunt for Strategic New Energy Minerals

Pursuit of key minerals intensifies as U.S., Canada and Australia restrict Chinese access to “strategic” materials

Caixin Global

Sabuy aims to capture society’s basic needs

Founded as a top-up machine operator in 2015, Sabuy Technology Plc has shifted focus to a commerce lifestyle platform provider, aiming to become an infrastructure operator in that sector regionally by next year.

Bangkok Post

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First came fast-fashion giant Shein. Now other Chinese brands are gunning for the same success

For nearly two decades, Bowen Tsui's family business in China has made garments to order for foreign clients to sell overseas under their own labels. Now, he believes the company's survival depends on whether it can design, brand and distribute clothing by itself.

Los Angeles Times

Chill pervades China's tech firms even as crackdown eases

A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead

The Independent UK

Jack Ma Meeting Rumor Sends Stock of Thai Giant’s Unit Soaring

CP Group subsidiary Chia Tai Enterprises traded at HK$6.98 at one point on Wednesday, more than eightfold Monday’s opening price

Caixin Global

Asian shares mixed after last week's gains on Wall Street

Shares are trading mixed in Asia after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four

The Independent UK

Jack Ma lands in Hong Kong on latest stop of a global tour

HONG KONG: Alibaba Group Holding Ltd co-founder Jack Ma is in Hong Kong for a series of meetings with tech and finance executives, sustaining a recent flurry of activity that’s taken him round the world in the span of months.

The Times of India

China to take ‘golden shares’ in tech firms Alibaba and Tencent

Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check

The Guardian - UK

China’s government to take golden shares in Alibaba, Tencent

BEIJING: Chinese government entities are set to take so-called “golden shares” in units of Alibaba Group Holding Ltd and Tencent Holdings Ltd, suggesting Beijing is moving to ensure greater control over key players in the world’s largest internet arena.

The Times of India

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Caixin Global

Weekly Must-Read: China Wraps Up Two-Year Tech Crackdown

Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook

The Japan News/Yomiuri

Beijing seen shifting stance over control over major IT companies

BEIJING -- The Chinese Communist Party and the government is increasingly believed to be loosening its tight controls on the country's major IT firms, such as Alibaba Group Holding Ltd.

Al Jazeera

Billionaire Jack Ma to cede control of China’s Ant Group

Business magnate Jack Ma who controlled over 50 percent of the fintech giant’s shares will now hold just 6.2 percent.

Bangkok Post

Billionaire Jack Ma chills in Bangkok

Billionaire Alibaba founder Jack Ma has been chilling in Bangkok this week amid reports that he is taking more steps to scale back his personal involvement with his online empire.

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news in one place.

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The Times of India

Exclusive! Avneet Kaur is not replacing Tunisha Sharma in Ali Baba: Dastaan-E-Kabul; deets inside

Television show Ali Baba: Dastaan-E-Kabul has been in talks since the time the lead actress of the show Tunisha Sharma reportedly died by suicide on the sets of the show. Her co-actor Sheezan Khan was arrested and is currently in judicial custody. The show however did not go off air…

The Times of India

Tunisha Sharma & Sheezan Khan’s TV show Alibaba —Dastaan-e-Kabul will continue, but no new actress will replace her

When 20-year-old Tunisha Sharma died tragically on December 24 and a day later, her co-actor Sheezan Khan was arrested for abetment to suicide, everyone thought that their TV show Alibaba — Dastaan-e-Kabul would be pulled off air abruptly. The two were the lead actors and given that television shows barely…

The Independent UK

Chinese regulators approve capital expansion for Ant Group

Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure

ABC News

Tao Huabi's Lao Gan Ma chilli sauce is a beloved household staple but will her Chinese success story continue?

For decades, Tao Huabi's Lao Gan Ma chilli crisp sauce has dominated China's spicy sauce market but, now, a cloud of competition is looming over her chilli empire.

Bangkok Post

Alibaba's free trade hub in Thailand begins trial operation

A free-trade-zone project in Thailand, launched in 2018 by Alibaba Group Holding while company founder Jack Ma was still CEO, has finally started trial operation.

Bangkok Post

Jack Ma reported living in Japan after China tech crackdown

TOKYO: Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.

The Guardian - UK

Alibaba founder Jack Ma hiding out in Tokyo, reports say

Billionaire rarely seen in public since criticising attitude of China’s regulators towards tech firms in 2020

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