Behind Cheap Stuff From Shein and Temu: A Hard Bargain With Suppliers
Updated Jan. 3, 2024 11:22 am ETSHENZHEN, China—E-commerce sellers Shein and Temu are offering a lifeline for small suppliers in...
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China’s Ant Group Slapped With Nearly $1 Billion Fine
Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer...
Alibaba Says Chairman and CEO Daniel Zhang Will Be Replaced
Alibaba is reshuffling its top executives, with current Vice Chairman Joseph Tsai taking over as chairman from Daniel Zhang while...
SoftBank Says Goodbye to Alibaba, Hello to More AI Investments
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Alibaba to Split Into Six Groups and Explore IPOs in a Departure From Jack Ma Era
The biggest structural overhaul in the Chinese tech company’s history comes days after co-founder Jack Ma returned to mainland China....
Alibaba Co-Founder Jack Ma Returns to China After a Year Away
TechBillionaire’s trip home comes as Beijing eases tech crackdown that hit business confidence Source link
SoftBank Posts Profit of More Than $21 Billion After Selling Alibaba Shares
TechShare sale more than offsets losses at SoftBank’s Vision Funds Source link
SoftBank to Reduce Alibaba Stake, Expects $34 Billion in Gains
Masayoshi Son is scaling back one of the greatest bets in tech history.The technology investor’s SoftBank Group Corp. said it...
Starbucks, Uber, CVS to Report Earnings Amid Shrinking Economy
About 30% of S&P 500 companies are slated to report earnings in the coming week, according to FactSet. Two Dow...
WSJ News Exclusive | Jack Ma Plans to Cede Control of Ant Group
HONG KONG—Billionaire Jack Ma plans to relinquish control of Ant Group Co., people familiar with the matter said, part of...
Alibaba to Pursue Primary Listing in Hong Kong
HONG KONG—Alibaba Group Holding Ltd. will pursue a primary listing of its stock in Hong Kong, hedging its bets as...
What Do Chinese Consumers Want? Walmart Can’t Figure It Out.
Walmart Inc. opened its first store in China in 1996, a sprawling supercenter in the Hong Kong border city of...
WSJ News Exclusive | China Plans Reprieve for Tech Giants, Including Delaying New Rules, as Economy Slows
SINGAPORE—China is preparing to hit pause on its monthslong campaign against technology companies, according to people familiar with the matter,...
Alibaba, Tencent E-Commerce Sites Tagged by U.S. for Counterfeit Sales
Both were on the “notorious markets’’ list of entities that allegedly sell or facilitate the sale of counterfeit goods. Source...
SoftBank COO Marcelo Claure to Leave as Stock Hits a Rough Patch
SoftBank Group Corp. 9984 2.20% said Chief Operating Officer Marcelo Claure, who helped clean up problems at the firm’s investments...
Walmart Sparks Public Outcry in China Over Products From Xinjiang
Walmart Inc., WMT 0.91% the world’s largest retailer, became the latest Western company to face scrutiny over its handling of...
Alibaba Fires Female Employee Who Accused Then-Supervisor of Sexual Assault
HONG KONG— Alibaba Group Holding Ltd. has fired a female employee who accused her then-supervisor of molestation and rape during...
Alibaba Employee Was Sexually Abused Multiple Times, Say Chinese Authorities
Chinese authorities said they found that a female Alibaba Group Holding Ltd. employee was sexually abused both by her boss...
Alibaba Sets Anti-Sexual Harassment Measures After Employee Allegations
TAIPEI— Alibaba Group Holding Ltd. has announced new policies to combat sexual harassment, a response to sexual-assault allegations by a...
Alibaba Posts Lower Profit as Chinese Tech Giant Boosts Spending
Alibaba Group Holding Ltd. reported an increase in revenue in the latest quarter, but profits fell as the e-commerce behemoth...
