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ALIBABA EXITS
Revamped Tata Neu to bet on loyalty, financial services: Tata Digital CEO Sajith SivanandanTata Digital is pivoting Tata Neu from a broad commerce aggregator to a loyalty-led financial services platform, focusing on payments, inve...- Tencent seizes momentum in China’s AI race against AlibabaTencent in just the past week introduced several signature products aimed at tapping a national enthusiasm for AI agents like OpenClaw — au...
- Alibaba CEO confirms departure of Qwen AI division headAlibaba CEO Eddie Wu confirmed on Thursday the departure of artificial intelligence division Qwen's head, and vowed in a staff letter t...
- A decade after Jack Ma’s bet, Paytm’s China ties endThe exits mark the end of a high-profile Japanese-Chinese investor chapter in Paytm’s journey, from becoming India’s most valued startup at...
- China's Ant Group to exit Paytm: ReportChina's Ant Group plans to fully exit Indian fintech firm Paytm by selling its remaining 5.84% stake via block deals worth $433.72 million....
- From Paytm to MakeMyTrip: How Indian startups are unwinding Chinese ownershipIndia’s largest online travel platform plans to raise $3 billion through a mix of debt and equity to buy back shares from Trip.com Group. O...
- Alibaba boosts share buyback as revenue misses estimatesAlibaba executives expressed coolness about the near-term potential of IPOs for Cainiao logistics and Freshippo. Alibaba is considering sel...
- Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPOAlibaba's stock fell over 4% in Hong Kong after ex-CEO Daniel Zhang resigned from the company's cloud computing unit. Concerns have arisen ...
- Paytm completes Rs 850 crore-share buyback within 3 months of launchShare buyback through the open market is favourable for companies, but not for shareholders. A company keeps buying its shares from the ope...
- China's JD.com to shut ecommerce sites in Indonesia, ThailandJD.com will end its services in Thailand on March 3 and in Indonesia from the end of the same month, its local websites showed. Both units ...
- Alibaba Group to sell 26.29 crore Zomato shares on November 30The sale will take place at an offer floor price of Rs 60 per share – a 5.59% discount to Tuesday’s closing price of Rs 63.55 on BSE.
- Ant Group explores ways for Jack Ma to exit as China piles on pressureOfficials from People's Bank of China (PBOC), and the country's financial regulator held between January and March talks with Jack Ma and A...
- China's Ant explores ways for Jack Ma to exit as Beijing piles pressure: SourcesAnt denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subj...
- China's Ant Group CEO leaves after failed IPO prompts revampHu, who was named the chief executive of the Alibaba Group Holding in 2019, will be replaced by company veteran and Executive Chairman Eric...
- Alibaba puts India investment plan on hold amid China tensions: SourcesAlibaba, which has fuelled the growth of several Indian start-ups, will not put in fresh funds to expand its investments in the country for...
- Paytm Mall rejigs team to focus on ‘Offline to Online ’Paytm to invest in its merchant ecosystem B2B
- Another top-level exit at Paytm as SVP for gaming division quitsSaraswat said he most recently led the mobile gaming joint venture between Paytm and Alibaba-owned AGTech Media Holdings Ltd.
- Alibaba, Tencent & Wanda eye Prime Focus controlNamit Malhotra, Prime Focus’s founder, executive chairman and global CEO, and his family also own 35% of the co, while public shareholders ...
- 'Niksit' delivers bad news to fund-starved Indian startupsSoftBank has been a prolific investor in Indian startups for nearly two years, and Arora's exit couldn't have happened at a more inopportun...
- Alibaba revives discussions over coming on board Snapdeal.com as a strategic partnerAlibaba will be joined by Foxconn, a leading electronics contract manufacturer, which has been looking at joining hands with the Chinese ec...
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