Alibaba is a key player in China's expansive digital economy and the operator of a major online shopping platform. The Hangzhou-based group's performance is considered a barometer of domestic consumption, which has flagged in recent months.

Manama, Bahrain--Export Bahrain and Alibaba.com have signed a memorandum of understanding (MoU) to boost global trade and economic growth in Bahrain. The MoU signed during the 6th China International Import Exhibition held in Shanghai, will enable Export Bahrain and Alibaba.com to leverage their respective strengths and expertise to facilitate trade,...

It did not give a timetable for the move or how much it hoped to raise.

CEO Daniel Zhang was due to take charge of the firm's new cloud computing branch, now a separate entity, on Monday. But two months after announcing his appointment, Alibaba said its now ex-boss was no longer with the company. "The board of our Company expresses its deepest appreciation to Mr...

Tencent last year posted its first decline in quarterly sales since its listing.

A highly anticipated report showed July consumer prices rose more than the previous month but less than feared, giving the US central bank room to take a lighter touch with monetary policy after more than a year of tightening.The data also showed closely watched core inflation was easing, while jobless...

Alibaba's revenue amounted to 234.1 billion yuan ($32.5 billion).

The move fits in with its plan to reorganize business operations.

From Indonesia, TikTok Shop "aggressively expanded into five additional Southeast Asian markets, many of which boasted large populations of TikTok users" and invested to improve its e-commerce capabilities, said Weihan Chen, head of insights at Momentum Works. The return of offline shopping after Covid-19 restrictions were lifted led to a...

It has sold more than US$7bn of its shares since early 2023.

Each will be managed by its own CEO and board of directors.

Tencent is the owner of popular messaging app WeChat.

A reshuffle of Ant's shareholding structure will now see Ma cede control of the fintech giant he founded in 2014. He will hold just 6.2 percent of the voting rights as the company moves to ensure "no shareholder, alone or jointly with other parties, will have control over Ant Group",...

Firm's result is seen as a gauge of Chinese consumer sentiment.

Firm's reduction of stake in Alibaba partly helped.

While attacks using the Log4j exploit vulnerability can be effective for state actors focused on specific politically targeted websites, the most dangerous use of the exploit is when botnets perform large scale scanning for vulnerable sites to create crypto mining and DDoS platforms, he adds.

Real-time shopping platforms accessible via multiple channels and featuring high-definition live streaming as well as personalized services are boosting client engagements.

Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China. The company reported losses of 1.71 trillion yen ($13.2 billion) in the year to March 2022.

The drop followed reports that the Ant Group was being probed.

Signs of lower tensions between Russia-Ukraine have put investors at ease.

The Public Investment Fund, which seeks to lessen the Kingdom's reliance on oil as part of Vision 2030, eyes both local and international markets

Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as it grappled with a government crackdown on the country's big tech champions.

Jack Ma’s Ma's presence in Spain was reported by the South China Morning Post, which is owned by Alibaba. The paper said the 57-year-old, who retired from the role of Alibaba's chairman in 2019, was attending a series of business meetings in Europe.

Daniel Zhang, Alibaba chairman, said the group was "eager to do our part to support the realisation of common prosperity"

Alibaba Cloud is expected to help promote Saudi Arabia as a tourist destination to travelers in the Chinese market.