Home Topics Alibaba

Alibaba

Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Saudi Aramco shares jump 10% on stock market debut

Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.
Facial-recognition technology is spreading in China.

China now requires face scans for all new mobile phone accounts

China on Sunday put into effect new regulations that require Chinese telecom carriers to scan the faces of users registering new mobile phone services, a move the government says is aimed at cracking down on fraud.

Saudi Aramco IPO’s retail tranche attracts $12.6 billion

Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed.

Manchester City owners in record valuation after US investment

The parent company of Premier League champions Manchester City has been given a global record sports valuation of £3.73 billion ($4.8 billion) after US equity firm Silver Lake acquired just over 10 per cent of the company on Wednesday.

Aramco posts $1.71 trillion in blockbuster IPO

Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world’s biggest IPO, but missed Crown Prince Mohammed bin Salman’s initial target of $2 trillion.
Vice President Yemi Osinbajo on Thursday met with the Co-founder of AliBaba Group, Jack Ma, at the Presidential villa. 10

VP Osinbajo receives AliBaba co-founder Jack Ma — in pictures

Vice President Yemi Osinbajo on Thursday met with the Co-founder of AliBaba Group, Jack Ma, at the Presidential villa.

Global stock trading platform Chaka launches in Nigeria

Chaka, a global trading platform that allows users to invest in stocks listed on foreign stock exchanges has launched its products in Nigeria.
US Secretary of State Mike Pompeo called for a 'new era of cooperation' [Petr David Josek-AP]

US expands trade blacklist to include China’s top AI startups

The U.S. government expanded its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of high-level trade talks in Washington this week.
(FILE) This photo taken on October 26, 2018 shows co-founder of China's Alibaba Jack Ma gesturing as he attends an international investment conference in Johannesburg. - Jack Ma, founder of Chinese tech giant Alibaba, is among the world's richest people but he has now emerged as a member of another club: China's 89-million-strong Communist Party. In an article on November 26, the People's Daily said Ma was a party member who has played an important role in pushing China's Belt and Road global trade infrastructure initiative -- a pet project of President Xi Jinping. (Photo by STR / AFP)

Jack Ma steps down from China’s Alibaba

Jack Ma, one of China’s richest men, will step down next week as chairman of Alibaba, but the start-up he built into an online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation he helped nurture.
Google

Google Assistant now lets you assign reminders to other people

You will soon be able to assign reminders to specific members of your household with Google Assistant on Android phones and Nest Home smart speakers and smart displays, a company spokesperson said in an email.
Google employees are holding a sit-in at offices around the world to protest alleged retaliation against workers.

Google accounts now let Android web users authenticate with fingerprint

Google is making it easier for Android users to authenticate themselves through the mobile web by allowing them to verify their identity using only their fingerprint.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

Facebook digital currency operation ‘poses risks to global banking’

Facebook’s plan to operate its own digital currency poses risks to the international banking system that should trigger a speedy response from global policymakers, according to the organisation that represents the world’s central banks.
Amazon

Amazon topples Google, Apple as world’s most valuable brand

Jeff Bezos’ Amazon, the US retail giant has moved past hi-tech titans Apple and Google to become the world’s most valuable brand, a key survey showed Tuesday.
Peppa Pig

China to mark year of the pig with ‘Peppa Pig’ movie

China is set to mark the Year of the Pig with a film starring “Peppa Pig,” despite a backlash against the popular British cartoon character earlier this year.
Omoyele Sowore

Omoyele Sowore: Atiku Abubakar will sell Nigeria on Alibaba

The Presidential candidate of the Africa Action Congress (AAC), Omoyele Sowore, has accused former Vice President and the flag bearer of the People Democratic Party, PDP, Atiku Abubakar, of planning to sell Nigeria.
(FILE) This photo taken on October 26, 2018 shows co-founder of China's Alibaba Jack Ma gesturing as he attends an international investment conference in Johannesburg. - Jack Ma, founder of Chinese tech giant Alibaba, is among the world's richest people but he has now emerged as a member of another club: China's 89-million-strong Communist Party. In an article on November 26, the People's Daily said Ma was a party member who has played an important role in pushing China's Belt and Road global trade infrastructure initiative -- a pet project of President Xi Jinping. (Photo by STR / AFP)

China’s richest man Jack Ma now a Communist Party member

Jack Ma, founder of Chinese tech giant Alibaba, is among the world's richest people but he has now emerged as a member of another club: China's 89-million-strong Communist Party.
US crude oil

Saudi Arabia’s production cut hikes oil prices

Oil prices climbed on Monday as the world’s biggest supplier Saudi Arabia announced plans to cut production, in the face of fears of oversupply.
(FILES) This file picture taken on September 9, 2014 shows a woman walking past the Alibaba booth during an exhibition in Hangzhou, east China's Zhejiang province. Alibaba co-founder and chairman Jack Ma announced on September 10, 2018, he would step down as leader of the pioneering Chinese e-commerce giant in one year but stressed that a planned leadership transition would not break the company's stride. Ma will stay on as executive chairman until September 10, 2019 before handing over his role to chief executive officer Daniel Zhang, Alibaba said in a statement. / AFP PHOTO / STR / China OUT

Report: Value of Alibaba’s on-demand online services hits $30 billion

Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as 30 billion dollars after raising four billion dollars in fresh funds, people with knowledge of the situation told Reuters.

Recent Stories

Kabir Marafa, senator representing Zamfara central, says he will remain in the All Progressives Congress (APC) to fight injustice.

Senator Marafa: Governors plotting to replace Adams Oshiomhole with Abdulaziz Yari

Kabir Marafa, a former senator, said some governors are plotting to replace Adams Oshiomhole, national chairman of the All Progressives Congress (APC) with AbdulAziz Yari, former governor of Zamfara state.
Wayne Rooney admits he has a desire to get into football management as he prepares for his return to the English game in January.

Wayne Rooney confesses his ambition to manage after he retires from playing

Wayne Rooney admits he has a desire to get into football management as he prepares for his return to the English game in January.
Caretaker premier Saad Hariri on Thursday made phone calls to World Bank president David Malpass and IMF managing director Kristalina Georgieva, his office said.

Lebanon premier asks World Bank, IMF help with economic rescue plan

Lebanon’s caretaker prime minister Thursday asked international funding bodies for support in drawing up an emergency rescue plan for his protest-wracked country.
The Institute for Peace and Conflict Resolution (IPCR) has pledged to collaborate with the Nigerian Army Resource Centre (NARC) to find practical solutions to insecurity confronting the country.

Yuletide: Army advises Nigerians to be security conscious

Maj.-Gen. Usman Yakubu, Commander Corps of Artillery, Kontagora has called on Nigerians to be more security conscious before, during and after the Christmas and New year festivities.

Insecurity: General Buratai tasks non-commissioned officers

The Chief Of Army Staff, Lt-Gen Tukur Buratai, has called Senior Non-Commissioned Officers (SNCOs) to display fresh innovations in tackling security challenges facing the country.