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Chinese tech shares fall on internet industry clampdown

BEIJING (AFP) Photo: Chan Long Hei/Bloomberg Chinese tech shares tumbled for a second day Wednesday, after Beijing’s market regulator put out draft antitrust rules that signalled a looming crackdown on high-flying internet giants. Shares of e-commerce leader Alibaba dropped more than 8 percent in Hong Kong — just a week after regulators

Seven life lessons from Jack Ma

Never short of wildly successful ideas, Jack Ma is the founder and CEO of Alibaba Group. It is a group of Internet-based businesses that retail in products and services all over the world. Jack overcame tremendous odds to build his e-commerce empire. He endured a poor upbringing in communist China.

Alibaba Announces to Open Largest Taobao Store

Alibaba Group is opening a Taobao store at MyTOWN Shopping Centre in Kuala Lumpur, in partnership with MyTOWN and retailer Lumahgo New Retail. A new 5,000sqf Taobao Store by Lumahgo is scheduled to begin in Kuala Lumpur on Nov 29. Promising a holistic experience that will help customers familiarise themselves

ALIBABA BUYS DARAZ IN INCESSANT ACQUISITION SPREE

Alibaba Group is continuing its acquisition spree in South Asia and in its latest effort to spread its enormously growing wings over the South Asia market it has acquired one of the region’s largest e-commerce platform, Daraz Group. The purchase, for an undisclosed sum, will make Daraz a wholly owned unit

CHINA CLOSING GAP WITH SILICON VALLEY

China’s war for technology talent is intensifying. Tens of thousands of people are being hired to shore up cybersecurity, help censor online content, and try to make China No.1 in the application of artificial intelligence (AI), as capital pours into both start-ups and more mature businesses at a time

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