to cede control of subsidiary of subsidiary Ant Financial after the government effectively stepped-in to scrap its planned $37 billion IPO in late 2020. Ma, in fact, made his first appearance in …
Monthly Archives For March 2023
Alibaba Splits Into Six, Plans New IPOs in Historic Overhaul
(Bloomberg) — Alibaba Group Holding Ltd. plans to split its $220 billion empire into six units that will individually raise funds and explore initial public offerings, the biggest overhaul of China’s …
Alibaba to split into six units, likely to pursue separate IPOs
News of the restructuring comes one day after Alibaba founder Jack Ma was spotted at a primary school in Hangzhou, marking his first public appearance in mainland China in over a year. Ma left China…
China Officials Use Tim Cook Visit To Criticize U.S. Pressure on TikTok
Officials in Beijing this week seized on a headlining visit to China by Apple’s Tim Cook and other Fortune 500 CEOs to juxtapose their warm welcome with the mounting pressure faced by TikTok in the…
China ramping up bailout loans to ‘Belt and Road’ countries, report says
compounded by the lingering impact of the Covid-19 pandemic, have hurt their ability to repay debts. The bailouts allow the countries to extend their loans and remain solvent, the report said. China …
China Skips Confidential G20 Meet In Arunachal Pradesh, India’s Tawang Response Still Haunting Beijing?
Beijing reportedly skipped a confidential G20 meeting held on March 26 in Arunachal Pradesh. As of now, no official statement has been issued by China citing a reason to back off from the meeting. Experts…
China’s industrial recovery and warm weather drive Q1 smog surge – ministry
A spike in air pollution in China in the first quarter of this year was driven by a post-COVID industrial recovery along with unusually warm weather, a government official said on Tuesday. Rising industrial output…
In symbolism-laden visit, former Taiwanese leader visits Sun Yat-sen’s tomb in China
Former Taiwan President Ma Ying-jeou began a 12-day tour of China with a symbolism-laden visit to the mausoleum where the founding father of both China and Taiwan is entombed.Ma visited the Sun Yat-sen Mausoleum in…
Taiwan caught between superpowers as rival leaders visit China and US
Ma Ying-jeou’s ‘we are all Chinese’ message starkly at odds with vision of Tsai Ing-wen, who seeks support from Washington
China plans to improve national blockchain tech standards system by 2025
BEIJING, March 28 (Reuters) – China plans to improve its blockchain tech standards by 2025, the Ministry of Industry and Information Technology (MIIT), the country’s industry watchdog, said on Tuesday …
Alibaba to overhaul China’s biggest tech conglomerate into 6 units to reignite their entrepreneurial mojo as ‘start-ups’
Alibaba will reorganise its businesses into six independently run entities to shorten its decision making process The listing status of the company’s stock in New York and Hong Kong will remain …
China ambassador arrives in North Korea in sign of reopening
China says its new ambassador to North Korea has taken up his post, in a sign the North is reopening amid reports it has been suffering heavily from the COVID-19 pandemic and food shortages BEIJING…
Jack Ma returned to China to visit a private school he founded, 2 years after he first vanished from public view amid Beijing’s tech crackdown
Jack Ma, the billionaire co-founder of Alibaba, made a rare public appearance in China two years after first disappearing from public view amid Beijing’s tech crackdown. On Monday, Ma — a teacher turned tech titan…
