ant group

Jan 12, 2023

With Jack Ma stepping back from Ant, is China’s war on tech giants over?

With Ant Group distancing itself from Ma and Alibaba, it should face fewer regulatory hurdles, however, China and Hong Kong’s listing requirements might delay the the much-awaited IPO till at least 2024.

Jan 9, 2023

Jack Ma gives up control of fintech giant Ant Group

As Alipay becomes one of the top e-payment channels in the Chinese mainland and seeks overseas expansion, Ma is stepping further away from the business empire he created decades ago.

Aug 5, 2022

Alibaba cuts marketing spend as it reports first flat revenue growth

Softness in Chinese commerce business offset by growth in cloud computing unit.

May 27, 2022

Alibaba posts slowest quarterly growth on record, will review marketing spend

Losses increased because of decline in value of investments in publicly-traded companies; backing for newer businesses such as Taocaicai and Taobao Deals; and the continued impact of Covid.

Nov 19, 2021

Steep profit decline, muted forecast clouds Alibaba Q3 earnings

Chinese technology giant reports heaviest profit decline in five years and slowest revenue growth since it listed in 2014.

Nov 6, 2020

Ant Group IPO uncertainty clouds Alibaba Q2 numbers

While pandemic spending boosted topline by 30% for the second quarter, operating profit took a 33% knock due to expenses related to Ant Group.