Alibaba Group

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Regulators Are Cracking Down on 'China's Amazon'

'A concern would be that market power may potentially morph into political power'

(Newser) - The Chinese government is extremely wary of anything that could pose a challenge to one-party rule—including the growing power of tech giants. Regulators announced Thursday they're cracking down on Alibaba, an e-commerce giant known as "China's Amazon," and its financial services sister company Ant, formerly...

What Trump Talked About With China's 2nd-Richest Man

Trump and Jack Ma had a 'great meeting'

(Newser) - Donald Trump met with Jack Ma, currently China's second-richest man , Monday, calling it a "great" discussion. Ma's e-commerce company Alibaba "claims it can create 1 million US jobs by helping small businesses sell their products to China and Asian consumers," the AP reports. Ma told...

This Is the World's Busiest Day for Online Shopping

'Singles Day' is huge in China

(Newser) - China's online shoppers are engaging in a rare bright spot for its cooling economy—a quirky holiday dubbed "Singles Day" that has grown into the world's busiest day for e-commerce. The country's biggest e-commerce brand, Alibaba Group, said Friday sales by the thousands of retailers on...

China E-Commerce Giant Alibaba Files for IPO

Could end up raising more money than Facebook's

(Newser) - China's Alibaba Group is aiming to raise $1 billion in a long-awaited IPO likely to have ripple effects across the Internet. Today's filing sets the stage for the technology industry's biggest initial public offering since Twitter and its early investors collected $1.8 billion in its stock...

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