Home Topics Alibaba

Alibaba

China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app.

TikTok owner seeking $60 billion valuation in US deal

China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address U.S. security concerns, according to a person familiar with the matter.
The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat.

Donald Trump to block TikTok, WeChat downloads in the U.S. from September 20

The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices hold near multi-week lows on demand worries

Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.
Kenyan President Uhuru Kenyatta on Monday announced a “phased reopening” of the country, with the resumption of international flights from August 1 as well as the lifting of internal travel restrictions.

Kenya health ministry asked to publish virus deals amid graft scandal

President Uhuru Kenyatta on Monday ordered Kenya’s health ministry to publish details of all purchases made during the coronavirus pandemic following allegations government officials stole millions of dollars of vital medical supplies.
Mike Pompeo

US wants to eliminate Chinese apps from US app stores

The US is expanding its China-targeted Clean Network program to include Chinese-made cellphone apps and cloud computing services that it claims are security risks, Secretary of State Mike Pompeo announced Wednesday.
A branch of South African mobile communications provider Vodacom in Cape Town is shown in this picture taken November 10, 2015. REUTERS-Mike Hutchings-File Photo

Vodacom partners with China’s Alipay to create ‘super app’

Vodacom Group plans to create a ‘super app’ in partnership with digital payment provider Alipay, part of China’s Alibaba group, to allow consumers in South Africa to shop online, pay bills and send money to family from next year.
Credit Suisse

Credit Suisse aims for 100% of securities venture in China growth plan

Credit Suisse wants to raise its China securities joint venture stake to 100 per cent and increase its market share after getting the regulatory green light to take a majority holding, the head of its Asia business said.
Chinese tech giant Sina set up a special room in its Beijing office for workers to be tested for the coronavirus. A school took swab samples from students before allowing them into classrooms.

Chinese schools test students for coronavirus before classes

Chinese tech giant Sina set up a special room in its Beijing office for workers to be tested for the coronavirus. A school took swab samples from students before allowing them into classrooms. A traveller took the test before a trip to another province.
The Chinese government has ordered ByteDance to take down its Feishu workplace messaging tool from app stores in China for a month because it let users access posts from Facebook and Twitter, which are banned in the country, Bloomberg reported.

China orders TikTok owner to remove Feishu workplace app

ByteDance, which also operates the social media app TikTok, developed Feishu as an internal app, then marketed it for business use in 2019. An international version of the app, called Lark, launched in April 2019 and is still operating in markets like Japan and Singapore.
Chinese Billionaire, Jack Ma, has announced a donation of 1.1 million testing kits and six million masks to fight coronavirus in Africa.

African nations to get 300 ventilators from Jack Ma

African nations that lack ventilators for the treatment of COVID-19 patients will receive some from a donation of 300 supplied by the Jack Ma Foundation, the head of the continent’s disease control body said on Thursday.
Chinese Billionaire, Jack Ma, has announced a donation of 1.1 million testing kits and six million masks to fight coronavirus in Africa.

Chinese billionaire announces more donation to Africa

Jack Ma, the founder of Alibaba Group, on Monday announced the donation of more medical equipment to Africa in the fight against the COVID-19 pandemic.
Vice President Yemi Osinbajo on Thursday met with the Co-founder of AliBaba Group, Jack Ma, at the Presidential villa. 10

Coronavirus: Jack Ma donates 500 ventilators, 500,000 gloves others to Nigeria, 53 African countries

Chinese billionaire, Jack Ma, has made additional donations, including 500 ventilators to Nigeria and 53 other African countries to help fight coronavirus.
Nigeria has confirmed 12 new casesof coronavirus with total number of cases in the country rising to 151.

Union demands life insurance, N100, 000 special coronavirus allowances for health workers

The Nigerian Union of Allied Health Professionals, NUAHP, on Wednesday, demanded life insurance scheme and immediate payment of N100, 000 special coronavirus allowances to all health workers at the frontline of the war against the disease as presently done to other health workers globally.
A consignment of medical supplies from the Jack Ma Foundation, to assist Nigeria in the fight against coronavirus arrived Lagos.

Nigeria receives medical supplies from Jack Ma

A consignment of medical supplies from the Jack Ma Foundation, to assist Nigeria in the fight against coronavirus arrived Lagos.
Chinese Billionaire, Jack Ma, has announced a donation of 1.1 million testing kits and six million masks to fight coronavirus in Africa.

Alibaba founder’s medical supplies arrives Nigeria

The Chinese billionaire had used his foundation to forward millions of face masks, testing kits and other protective equipment to Africa as the continent battles to arrest the spread of COVID-19, a deadly disease caused by coronavirus.
Chinese Billionaire, Jack Ma, has announced a donation of 1.1 million testing kits and six million masks to fight coronavirus in Africa.

Africa receives 5.4 million masks, a million testing kits from Jack Ma

Massive medical supplies donated by China’s Jack Ma Foundation to 54 African countries to battle coronavirus, arrived on Sunday morning in Addis Ababa, through an Ethiopian Airlines cargo flight.
An Ethiopian Airlines worker transports a consignment of medical donation from Chinese billionaire Jack Ma and Alibaba Foundation to Africa for coronavirus disease (COVID-19) testing, upon arrival at the Bole International Airport in Addis Ababa, Ethiopia March 22, 2020. REUTERS/Tiksa Negeri

Coronavirus medical supplies donated by Alibaba co-founder arrive in Ethiopia

The first batch of protective and medical equipment donated by Chinese billionaire and Alibaba co-founder Jack Ma was flown into the Ethiopian capital Addis Ababa on Sunday, as coronavirus cases in Africa rose above 1,100.
Chinese Billionaire, Jack Ma, has announced a donation of 1.1 million testing kits and six million masks to fight coronavirus in Africa.

Coronavirus: Chinese billionaire donates masks, testing kits to Africa

Chinese Billionaire, Jack Ma, has announced a donation of 1.1 million testing kits and six million masks to fight coronavirus in Africa.

Recent Stories

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE market indicators resume week with 0.01% growth

The market indicators of the Nigerian Stock Exchange (NSE) resumed transactions for the week on Monday with a marginal growth of 0.01 per cent, amid cautious trading.
EDITORS NOTE: Graphic content / The container ship MSC Samantha of the Meriterranean Shipping Company is docked at the Apapa Port Complex in Lagos, Nigeria's economy hub, on April 8, 2019. - The Nigerian port is congested with hundreds of ships, idly queueing for days to offload containers with goods. Lagos port congestion is affecting port operations and creating a severe backlog at ports, causing carriers’ containers to be held in port for extra days, as well as creating several miles of truck traffic at roads that links to port gates. (Photo by PIUS UTOMI EKPEI / AFP)

NPA: 20 ships discharging petrol other items at Lagos port

The Nigerian Ports Authority (NPA) on Monday said that 20 ships at the Lagos ports were discharging petroleum products and food stuff.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Previous administrations spent N8.9 trillion on subsidy in 10 years

The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, disclosed that N8.9 trillion was spent on fuel subsidy by the Federal Government, mainly by previous administrations, between 2006 and 2015.
Chairman of the Presidential Taskforce on Covid-19 and Secretary to the Government of the Federation, Mr Boss Mustapha, who stated this yesterday during the daily briefing of the Taskforce, added that the federal government would also put in place measures to control the movement of nomadic herdsmen who go across the border in search of greener pastures for their cattle.

PTF warns against neglect of virus protocols

The Presidential Task Force (PTF) on COVID-19 has warned against perceived neglect of the non-pharmaceutical protocols and other measures aimed at tackling the spread of the coronavirus (COVID-19) pandemic in the country.
Governor Yahaya Bello of Kogi has expressed his administration’s commitment to the development of the education sector as the key to high-level human capital development needed for emancipation of the people.

Kogi governor sacks revenue board

The board of Kogi State Internal Revenue Service (KGIRS) has been sacked with immediate effect.