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  • Chinese courier ZTO sued for 'untrue statements' in $1.4bn US IPO

    . ZTO's listing was the largest U.S. listing in 2016 and was the biggest by a Chinese company since the $25 billion IPO of e-commerce giant Alibaba Group Holding Ltd in 2014. Shares of Shanghai-based ZTO closed on Thursday at $15.68, about 20 percent

    July 22, 2017 02:05 am JST
  • Chinese outbound investment boom falters

    , for instance, offered to help privatize Belle International Holdings in a deal that valued the embattled footwear retailer at about $6.8 billion in April.  E-commerce player Alibaba Group Holding also made a $2.6 billion bid to privatize department store

    July 22, 2017 02:01 am JST
  • ASIA MARKETS: Hong Kong Shares Set To Halt Winning Streak As AAC, Sinopec Drop

    Group Holding lost 0.7% in U.S. trading overnight. The Chinese e-commerce giant expects revenue to grow 45% to 48% in the current fiscal year that started in April, Reuters reported, citing Executive Chairman Jack Ma as saying in a speech he made

    July 21, 2017 02:49 pm JST
  • Hong Kong shares set to halt winning streak as AAC, Sinopec drop

    said. In the mainland, the Shanghai Composite lost 0.2%, heading for its first loss in four days, while its Shenzhen counterpart was little changed. The yuan traded onshore lost 0.1% against the dollar to 6.7661. Alibaba Group Holding lost 0.7% in U

    July 21, 2017 02:48 pm JST
  • Hashtag Travelers

    Half of Chinese travelers going solo

    Group, an affiliate of the nation's e-commerce leader Alibaba Group Holding -- ventured overseas in the summer of 2015, when it started operations in South Korea and Hong Kong. It has quickly expanded into 30 countries covering most popular destinations

    July 21, 2017 09:33 am JST
  • Asia a bright spot in an uncertain world, say ASEAN business leaders

    BANGKOK Growing protectionist sentiment in the West and a volatile security situation in the Middle East have made Asia into a relative bright spot in an otherwise bleak global environment, according to participants at a business forum in the Thai c

    July 20, 2017 10:00 am JST
  • Solo Chinese travelers present new challenges -- and opportunities

    Group, an affiliate of the nation's e-commerce leader Alibaba Group Holding -- ventured overseas in the summer of 2015, when it started operations in South Korea and Hong Kong. It has quickly expanded into 30 countries covering most popular destinations

    July 20, 2017 10:00 am JST
  • Business Insight

    Gaming triumph not such a winner for China's Tencent

    of Tencent marked the start of a long dreaded government backlash against Tencent and Alibaba Group Holding, a rival internet giant. Both have become very powerful -- in some ways more than the government. Far more Chinese get their news from sites

    July 19, 2017 07:00 pm JST
  • SoftBank-Paytm deal gets go-ahead from Indian watchdog

    's demonetization move took high-denomination rupee notes out of circulation last November. The e-commerce business, meanwhile, raised about $200 million in a fundraising round in March. Chinese e-commerce powerhouse Alibaba Group Holding and venture fund SAIF

    July 19, 2017 01:48 am JST
  • Asia300 Global Business Forum 2017

    Facing risks in the West, ASEAN companies look homeward

    -and-mortar retailers like Central Group are being threatened by the rise of online competitors such as Amazon.com of U.S. and China's Alibaba Group Holding. "If we want our region to produce many more startups, the way [to do that] is to give them a big market," he

    July 14, 2017 08:10 pm JST
  • Asian startup investment finally tops US tally

    in the region as well. Some $5 billion, or 90%, of Didi's round and the entire investment in One97 came from Japan's SoftBank Group. China's Tencent Holdings was the main investor in Indonesian ride app provider Go-Jek, and compatriot Alibaba Group Holding

    July 14, 2017 04:05 pm JST
  • Amazon's Prime Day smashes records with 60% sales increase

    outperformed the peak day of the year-end shopping season. The bargain is offered to Amazon's paying subscribers only. Held every July for the past three years, Prime Day is a huge retail event similar to Singles' Day by Chinese e-commerce leader Alibaba Group

    July 13, 2017 07:34 pm JST
  • Real estate wizard works his magic on distressed properties

    -and-feel part is there. That's why Amazon is opening physical stores and Alibaba [Group Holding] is opening supermarkets." Following the Chinese population on its travels is another investment theme for Gaw. In April, his company announced the acquisition

    July 13, 2017 10:00 am JST
  • Gianfranco Casati: Digital readiness can make all the difference for emerging Asia

    . Consider the story of Indian mobile payment app Paytm. One of its main investors has been China's Alibaba Group Holding. Japan's SoftBank is also a key backer. Paytm benefited late last year from Indian Prime Minster Narendra Modi's effort to cut

    July 13, 2017 10:00 am JST
  • Netflix struggling to win over Asia

    China. In the mainland, the biggest players include Youku.com, controlled by Alibaba Group Holding, iQiyi and Shenzhen-listed LeTV.

    July 13, 2017 02:00 am JST
  • Tencent shares jump on hopes for WeChat Pay's overseas expansion

    is in fierce competition with Alipay, offered by Chinese e-commerce company Alibaba Group Holding, and has been rushing to gain more Chinese customers abroad.

    July 12, 2017 07:05 pm JST
  • Startup Moglix bets on growth spurred by India's GST

    MUMBAI -- Moglix, a B2B e-commerce startup backed by industrialist Ratan Tata, aims to multiply revenue more than 20-fold to over $10 billion by 2025 following the rolling out of India's goods and services tax (GST) on July 1 -- a development expect

    July 12, 2017 02:51 am JST
  • Sashimi delivery by drone? China's JD.com dreams big

    to take on China's Alibaba Group Holding and Amazon.com. JD.com also has its sights set on Southeast Asia. To establish a foothold in the region, it has established a joint venture in Indonesia. Liu said he is also considering setting up

    July 11, 2017 10:42 pm JST
  • Alibaba to use SCMP to 'explain China' to the world

    HONG KONG -- China's Alibaba Group Holding is investing in artificial intelligence for its South China Morning Post, pledging to use the English-language newspaper it acquired in 2015 to "explain China" to the world. The $266 million acquisition

    July 11, 2017 10:05 pm JST
  • How 'Rocket' Sasaki helped shape billionaire Masayoshi Son

    to relationship with a businessman "discovered" by Yang -- Jack Ma Yun, who would go on to found Chinese online retail giant Alibaba Group Holding. Yang met Ma when Yang, already a prominent businessman in Silicon Valley in the U.S., went on a tour of the Great

    July 10, 2017 10:47 am JST