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Alibaba to make significant job cuts amid IPO plans

Chinese internet giant Alibaba is making significant job cuts, reportedly around 7 per cent of its …

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2 mins read

Ant Group's $35 billion IPO could be back in play because it plans a JV with China-backed firms, report says

Chinese regulators had ordered Ant Group to restructure before allowing the fintech giant to comple…

Sophie Kiderlin   


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Alibaba stock jumps 10% as the Chinese tech giant begins its biggest reorganization ever and eyes new IPOs

The move to split the company into six independently run entities comes just a day after cofounder …

Phil Rosen   


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Jack Ma's Alibaba climbs after the the billionaire gives up control of Ant Group

Shares of the Chinese e-commerce giant climbed for the sixth consecutive trading session, and have …

Phil Rosen   


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Fidelity cuts Ant Group's valuation in half to $144 billion after regulatory crackdown in China

Ant Group had been valued at nearly $300 billion by Fidelity ahead of its anticipated IPO, which wa…

Matthew Fox   


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Jack Ma popped up randomly on Alibaba's staff forum only to deliver a rare criticism of his company's performance

Alibaba cofounder Jack Ma's remarks come after a two-year absence from the public eye, following a …

Kai Xiang Teo   


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Jack Ma praised a key rival. A day later, it overtook Alibaba as China's most valuable e-commerce company.

PDD's market cap is nearly $185 billion, while Alibaba's market cap is nearly $184 billion.

Huileng Tan   


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2 mins read

Ant Group's record-shattering IPO is highly unlikely to get done in 2021, a new report says

The delay in Ant Group's IPO has led some analysts to slash its valuation estimate in half, accordi…

Matthew Fox   


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Jack Ma sees $3 billion erased from his net worth as Alibaba shares tank following Ant Group IPO delay

Even with today's drop in shares of Alibaba, Jack Ma is still worth about $54 billion, according to…

Matthew Fox   


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Jack Ma is set become the world's 11th-richest person on Ant Group's IPO, leapfrogging heirs to L'Oreal and Walmart with his $71.1 billion fortune

Jack Ma's fortune rose by an estimated $27 billion following share pricing for Ant Group's November…

Grace Dean   


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China suspends Jack Ma’s $34 billion Ant Group listing — Alibaba shares plunge, Ma loses over $3 billion

Alibaba shares plunged by almost 10% in Hong Kong after the news of Ant Group's IPO suspension w…

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Jack Ma's Ant Group aims to raise $34.5 billion in largest IPO of all time

The company aims to evenly split its 1.67 billion-share debut across the Hong Kong and Shanghai exc…

Ben Winck   


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3 mins read

Alibaba will make $730 million from Paytm IPO, Vijay Shekhar will earn $54 million

One 97 Communications — the parent company of digital payments giant Paytm — will launch its initia…

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Ant Group's IPO could be delayed more than 6 months amid regulatory pressure that may slash its valuation, report says

Lawyers involved in the listing of Ant's shares said the company would have to submit a new IPO pro…

Matthew Fox   


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China's Xi Jinping personally halted Ant's record-breaking $37 billion IPO after boss Jack Ma snubbed government leaders, report says

A week before Ant was set to go public, Ma made incendiary comments that didn't go down well with t…

Shalini Nagarajan   


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3 mins read

Jack Ma's $30 billion Ant IPO could push tech fundraising to highest level since dot-com bubble's peak

The debut stands to push global first-time stock offerings by tech companies above $57 billion. A r…

Ben Winck   


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2 mins read

Jack Ma's Ant Group files for IPO, which could reportedly be the biggest ever

The company is targeting a $225 billion valuation and could raise a record $30 billion in the IPO i…

Ben Winck   


Katie Canales   


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Jack Ma reportedly made a surprise visit to Ant Group's headquarters in one of his few public appearances since China pulled the firm's $35 billion IPO

Jack Ma was reportedly seen smiling on a bus with other executives, marking the second time he's ap…

Katie Canales   


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Jack Ma's Ant Group gets the green light from Chinese regulators for its Hong Kong IPO, a report says

A confidential source told CNBC a hearing with the Hong Kong Stock Exchange will take place later o…

Saloni Sardana