The festival implemented in China by the e-commerce giant Alibaba every year increases its sales and profits around the world.
Category archives: Alibaba
China imposes record $ 2.75 billion fine on Alibaba for monopolistic practices
After months of friction, Alibaba, the e-commerce giant founded by Jack Ma, will have to pay the highest fine in China’s corporate history.
Chinese government demands that Alibaba get rid of its media
Officials are concerned about the company’s influence on public opinion in the Asian country, according to The Wall Street Journal.
China plans million-dollar fine against Alibaba, Jack Ma’s company: the Wall Street Journal
The Asian country’s antitrust regulators are considering imposing a fine on the ecommerce company that exceeds $ 975 million.
Alibaba to close streaming platform Xiami Music next month
Platform was bought by Jack Ma’s Alibaba in 2013
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Jack Ma continues to lose money while his company is investigated by the Chinese authorities
The equity of the founder of Alibaba and AliExpress decreased to 50.6 billion dollars.
Alibaba shares plummet after announcement under antitrust probe
The Chinese government opened an investigation against the online commerce giant on “suspicion of monopolistic conduct.” After this, the value of the company fell 9% and lost more than 100 billion dollars.
Singles' Day sales in China hit $ 1 billion in 85 seconds for Alibaba
This happened despite the tariffs and other challenges to Chinese technology.
An Alibaba affiliate would become the largest public offering for sale in history, according to Jack Ma
Ant Group expects to raise $ 34.5 billion on the Shanghai and Hong Kong stock exchanges.
Jack Ma, China’s Richest Man, Steps Down From $460 Billion Alibaba Empire
His farewell party is taking place in an 80,000-seat stadium.