Ant to Buy Back Shares at 70% Lower Valuation Than at IPO
Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an
1970-01-01 08:00
China Ends Probe of Jack Ma-Backed Ant With $984 Million Fine
Chinese regulators imposed a 7.12 billion yuan ($984 million) fine on Ant Group Co., according to a statement
1970-01-01 08:00
China's Alibaba unveils AI image generator to take on Midjourney and DALL-E
By Josh Ye HONG KONG Alibaba Group Holdings Ltd announced on Friday an artificial intelligence (AI) image generator,
1970-01-01 08:00
Alibaba Surges on Report China to Unshackle Ant With Fine
Alibaba Group Holding Ltd. shares jumped in Hong Kong trading after Reuters reported that China is likely to
1970-01-01 08:00
Lukashenko: No heroes after Wagner mutiny, Belarus leader tells BBC
The Belarusian leader tells the BBC groups like Wagner must be watched closely to stop rebellions.
1970-01-01 08:00
US to Curb China Access to Cloud Services Like Amazon, WSJ Says
The US is preparing to curtail Chinese companies’ access to cloud computing services including Amazon.com Inc.’s and Microsoft
1970-01-01 08:00
China’s Economic Woes Are Multiplying — and Xi Jinping Has No Easy Fix
It was meant to be the year China’s economy, unshackled from the world’s strictest Covid-19 controls, roared back
1970-01-01 08:00
China's eastern Hangzhou city signs comprehensive strategic agreement with Alibaba
BEIJING/HONG KONG China's eastern Hangzhou city has signed a comprehensive strategic cooperation agreement with the e-commerce giant Alibaba
1970-01-01 08:00
Meituan Buys Co-Founder’s Months-Old AI Startup for $234 Million
Meituan is buying a co-founder’s generative AI startup for almost $234 million, a deal that gets the food-delivery
1970-01-01 08:00
China Lures Billionaires Into Race to Catch US in AI
China’s tech sector has a new obsession: competing with US titans like Google and Microsoft Corp. in the
1970-01-01 08:00
Baidu Claims Its Ernie Bot Now Beats ChatGPT on Key Measures
Baidu Inc.’s ChatGPT-style service has outperformed OpenAI’s seminal product on several measures, China’s search leader said on Tuesday.
1970-01-01 08:00
JD.com Creates Groceries Arm as Rival Alibaba Weighs Spinoffs
JD.com Inc. aims to create an independent unit by merging its 7Fresh supermarket chain with other online services,
1970-01-01 08:00