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Philippine shares closes higher at 6,630

ABS-CBN News
Posted at Mar 29 10:36 PM

Asian shares mostly rose after Chinese tech giant Alibaba announced a major reshuffle. Read more »

China's Alibaba joins global chatbot race

Agence France-Presse
Posted at Feb 09 12:22 PM

Chinese e-commerce giant Alibaba said Thursday it was working on a rival to ChatGPT, joining a flurry of global tech firms rushing to match the popular AI-powered chatbot. Read more »

Jack Ma: The tycoon grounded by China's regulators

Matthew Walsh, Agence France-Presse
Posted at Jan 07 05:38 PM

Jack Ma, the unconventional billionaire founder of tech giant Alibaba and the totem of China's entrepreneurial brilliance, has stepped out of the limelight since a Communist Party crackdown that chopped back his empire. Read more »

Jack Ma living in Japan after China tech crackdown: FT

Agence France-Presse
Posted at Nov 30 10:38 AM

Alibaba founder Jack Ma has been living in Tokyo for almost 6 months following China's crackdown on the tech sector, the Financial Times reported. Read more »

China's Xi calls for stronger fintech oversight, security

Agence France-Presse
Posted at Jun 23 02:07 PM

A high-level Chinese government meeting led by President Xi Jinping has called for stronger oversight and better security in financial tech, state media reported, with the sector hit hard by a regulatory crackdown. Read more »

Tencent faces possible record fine for anti-money-laundering violations - WSJ

Reuters
Posted at Mar 15 08:37 AM

Tencent Holdings is facing a potential fine, which could be at least hundreds of millions of yuan, for violating some central bank regulations on its WeChat Pay mobile network, the Wall Street Journal reported, citing people familiar with the matter. Read more »

PLDT building 100 MW data center in Laguna

ABS-CBN News
Posted at Feb 23 10:26 AM

PLDT Inc is building a 100-MW data center located in a 5-hectare property in Sta. Rosa, Laguna. The facility will be among the biggest in the space. Read more »

Alibaba shares slump 5 percent on Beijing's scrutiny of Ant Group

Agence France-Presse
Posted at Feb 22 02:44 PM

Shares in Alibaba slumped more than 5 percent on Tuesday following a report that Beijing regulators had ordered a fresh investigation into state firms' links with the Chinese e-commerce giant's fintech arm Ant Group. Read more »

US adds e-commerce sites operated by Tencent, Alibaba to 'notorious markets' list

Kanishka Singh, Reuters
Posted at Feb 18 08:24 AM

E-commerce sites operated by China's Tencent Holdings Ltd and Alibaba Group Holding Ltd were included on the US government's latest "notorious markets" list of entities that allegedly sell or facilitate the sale of counterfeit goods, the US Trade Representative's office said. Read more »

China tech worker's death reignites industry overtime debate

ABS-CBN News
Posted at Feb 09 07:09 PM

The incident follows a spate of sudden deaths of young tech employees in recent years, which have sparked debate over the industry's notorious "996" culture. Read more »

Alibaba Cloud, Fintech Alliance.ph launch sandbox program to boost digital finance

ABS-CBN News
Posted at Feb 02 12:45 PM

Alibaba Cloud said it is working with the Fintech Alliance.ph to launch a sandbox program to support the growth of digital finance in the Philippines. Read more »

US examining Alibaba's cloud unit for national security risks

Alexandra Alper, Reuters
Posted at Jan 19 08:33 AM

The Biden administration is reviewing e-commerce giant Alibaba's cloud business to determine whether it poses a risk to US national security, according to 3 people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies' dealings with US firms. Read more »

Alibaba bets on virtual meetings in metaverse with AR glasses

South China Morning Post
Posted at Jan 07 01:17 PM

DingTalk, the workplace app developed by Alibaba Group Holding, plans to launch new augmented reality (AR) glasses so users can conduct virtual meetings, in the tech giant’s latest move to stake out a claim in the metaverse. Read more »

Alibaba sees annual growth slowing sharply as consumption lags

Josh Horwitz and Subrat Patnaik, Reuters
Posted at Nov 19 08:24 AM

China's Alibaba forecast annual revenue to grow at its slowest pace since its 2014 stock market debut as second-quarter results missed expectations due to slowing consumption, increasing competition and a regulatory crackdown. Read more »

Alibaba's Singles Day sales grow its slowest pace ever

Josh Horwitz, Reuters
Posted at Nov 12 03:10 PM

Alibaba Group Holding Ltd said on Friday that sales during its annual Singles' Day shopping frenzy grew 8.5 percent, the slowest rate ever, underscoring strong regulatory and supply chain headwinds for China's tech firms. Read more »

China's 'Single's Day' shopping fest subdued by tech crackdown

Dan Martin, Agence France-Presse
Posted at Nov 11 08:34 AM

China on Thursday held a subdued version of its annual "Single's Day" shopping spree, shorn of the usual boasting on sales volume as the country's chastened e-commerce sector reels under a government crackdown on platforms like Alibaba. Read more »

Jack Ma, Trump and Xi: How Chinese billionaire flew close to the sun

Julie Zhu and Kane Wu, Reuters
Posted at Nov 05 08:29 AM

Alibaba's government relations team was subsequently told by Chinese officials that Beijing was unhappy about Jack Ma meeting Donald Trump without its prior approval, two of the people close to the company said. Read more »

GCash operator Mynt raises $300 million in funding

ABS-CBN News
Posted at Nov 02 10:32 AM

Mynt, the fintech firm behind GCash, on Tuesday said it has raised $300 million (P15 billion) in funding which brought its value to over $2 billion. Read more »

Alibaba tones down Singles Day

Josh Horwitz and Brenda Goh, Reuters
Posted at Nov 02 10:26 AM

Alibaba Group's annual 'Singles Day' shopping spree is set for its most sober tone ever this year, as the retail giant preaches sustainability rather than hyping the usual sales boom amid calls by Beijing to promote "common prosperity". Read more »

Alibaba founder Jack Ma reappears in Hong Kong - sources

Kane Wu and Julie Zhu, Reuters
Updated as of Oct 13 08:49 AM

Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources told Reuters. Read more »