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  • Hong Kong shares erase losses, shrugging off Moody's China downgrade

    -legally binding agreement for a possible acquisition of a logistics-and-warehousing-services company in Guangdong province. Alibaba Pictures Group, a subsidiary of Alibaba Group Holding, climbed 3.8% after saying a unit has agreed to sell the broadcasting rights

    May 24, 2017 07:45 pm JST
  • Hong Kong shares extend gains as caution over US politics eases

    .9 billion yuan ($1.9 billion) with China Merchants Bank. China Merchants Bank jumped 5.9%. Alibaba Group Holding rose 1.2% in U.S. trading on Monday. The e-commerce major's logistics arm will deploy one million smart delivery vehicles to cope with rising

    May 23, 2017 02:48 pm JST
  • SoftBank leaps to No. 2 spot in earnings ranking

    , to reach the 1 trillion yen [mark]," SoftBank CEO Masayoshi Son boasted earlier this month. Although it benefited from such one-time factors as the sale of shares in China's Alibaba Group Holding and Finnish game developer Supercell, Son expressed

    May 23, 2017 06:40 am JST
  • Asian travelers stay loyal to Japanese cosmetics

    have launched lines especially for Chinese consumers, with production sites in China, customers have shown strong demand for products made in Japan. Much of this buying is done in China's booming e-commerce sector, led by the likes of Alibaba Group

    May 22, 2017 07:00 am JST
  • Seeing is wanting: Alibaba creates demand out of thin air

    SHANGHAI -- Chinese tech titan Alibaba Group Holding is enhancing its online shopping platform with big data and artificial intelligence, looking to expand its vast business empire further by creating new demand and enticing customers to spend more

    May 20, 2017 06:55 am JST
  • Tencent boosts Hong Kong shares to weekly gain amid Trump turmoil

    . Alibaba Health Information Technology surged 11% after saying it will buy nutritional supplement seller Ali JK Nutritional Products from its parent Alibaba Group Holding for HK$3.8 billion ($488 million). The Nikkei Asia300 Index of more than 300 regional

    May 19, 2017 07:55 pm JST
  • Hong Kong shares set for first gain in four days after US rebound

    Optoelectronics Technology as part of a planned asset restructuring. Trading in the company's shares has been suspended since April 21. Alibaba Group Holding ended a choppy U.S. trading session with a 0.5% gain after falling as much as 5.5% earlier. The e

    May 19, 2017 02:22 pm JST
  • Alibaba posts 65% operating profit jump as users buy more

    SHANGHAI -- Chinese tech giant Alibaba Group Holding's income from operations surged 65% on the year to 48 billion yuan ($6.97 billion) for the fiscal year ended March, as the increase in domestic users of its e-commerce services slowed

    May 19, 2017 03:27 am JST
  • Alibaba announces $6 bln buyback but misses EPS forecast

    Alibaba Group Holding Ltd plans to buy back shares worth up to $6 billion over two years, the company said on Thursday, as it beat first-quarter revenue forecasts but fell short of earnings estimates. The Chinese company, which is targeting news

    May 18, 2017 10:50 pm JST
  • Mark Greeven

    New wave of digital entrepreneurs rises in China

    in a small city in Jiangxi Province, he studied administration management at the Beijing University of Chemical Technology. His only corporate job was at Alibaba Group Holding, where he spent eight years before founding Didi Taxi. Inspired by the success

    May 18, 2017 03:00 pm JST
  • Michael Vatikiotis: What China's 'Belt and Road' bonanza means for the region

    courting Jack Ma Yun, who runs the online marketing conglomerate Alibaba Group Holding with a customer base of more than 2 billion. Ma recently bought a controlling stake in Lazada Group, the sizable Singapore-based online shopping platform, and has

    May 18, 2017 10:00 am JST
  • Companies in focus: Homegrown services give Asia the online video it really wants

    BALI, Indonesia Asian TV has long been known for its rice-porridge programming. Public broadcasters reigned over the region, and their shows rarely deviated from the monotonous.As internet connectivity improved, though, online video services blossom

    May 18, 2017 10:00 am JST
  • Singapore, Malaysia stocks fall as U.S. politics may hurt Trump's economic agenda

    SINGAPORE (Nikkei Markets) - Stocks in Singapore and Malaysia fell Wednesday amid investor concerns that yet another political turmoil in the U.S. could hobble President Donald Trump's economic agenda.U.S. stock futures fell and the dollar index dro

    May 17, 2017 07:16 pm JST
  • Hong Kong shares fall as Trump anxiety saps risk appetite

    -maker's chairman late Tuesday said the company plans to restructure its China business, reorganizing itself into a PC-and-smart devices unit and a data center group. Alibaba Health Information Technology, a unit of U.S.-listed Alibaba Group Holding, jumped 8

    May 17, 2017 02:38 pm JST
  • Mobile payments going viral in Southeast Asia

    logged roughly $430 billion in those transactions last year, well above Japan's $53 billion. The mainland market is dominated by Alibaba Group Holding's Alipay and Tencent Holdings' WeChat Pay. The two companies are exporting their successful business

    May 17, 2017 11:00 am JST
  • China retailer Belle seeks digital revamp via $5.8bn privatization

    . The company will delist from the Hong Kong Stock Exchange pending approval by shareholders. Analysts have described the offer price as "unexciting." In January, Chinese department store operator Intime Retail Group was privatized by Alibaba Group Holding

    May 16, 2017 11:29 pm JST
  • Hong Kong shares retreat after overbought signal as financials drop

    and U.S. gaming firm Razer have formed an alliance to target people playing electronic games by offering specific plans and devices, South China Morning Post reported. Alibaba Group Holding rose 0.9% in U.S. trading Monday. Billionaire George Soros

    May 16, 2017 02:53 pm JST
  • Companies in focus

    Asian streaming services stand strong against US rivals

    Telecommunication, Sony Pictures Entertainment, Warner Bros. Entertainment China Youku.com Alibaba Group Holding   LeTV Listed in Shenzhen, controlled by LeEco, which is controlled by founder Jia Yueting

    May 14, 2017 12:00 pm JST
  • $13bn in fresh food sales point to China's latest online headway

    fresh food market is controlled by two companies owned by major internet shopping portals. MR. FRESH of Alibaba Group Holding accounts for 26.8% of the market, and JD Daojia, a division of JD.com, has 24.8%. The remaining half of the market is held

    May 14, 2017 11:00 am JST
  • SoftBank to maintain role as major shareholder of China's Didi

    's latest funding round of $5.5 billion. The exact increase in SoftBank's stake remains unknown as Didi does not disclose its shareholder makeup, though it includes big-name companies such as Tencent Holdings, Alibaba Group Holding and Apple. Didi has

    May 13, 2017 05:50 am JST