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Alibaba Group

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.
(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.
Chinese President Xi Jinping

China calls for global cooperation to create ‘fairer’ internet

President Xi Jinping of China on Wednesday called for greater global cooperation to develop the internet and make it more “fair and equitable”, as Beijing seeks to bolster its global role in shaping the web.
President Cyril Ramaphosa at the 2018 South Africa Investment Conference in Sandton International Convention Centre. Abigail Javier-EWN

South Africa raises $20 billion in new investment pledges

South African President Cyril Ramaphosa announced on Friday his country has raised $20 billion in investment commitments made by several companies.
(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

Alibaba, Russian tech firm Mail.ru agree joint e-commerce venture

Chinese e-commerce giant Alibaba and Russian technology group Mail.ru on Tuesday said they would launch a joint e-commerce venture in Russia and former Soviet countries.
Alibaba founder Jack Ma

Jack Ma finally sets date to quit Alibaba

Jack Ma, the co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in exactly one year on Sept. 10, 2019, the company said.
Xiaomi

China’s Xiaomi raises $4.72 billion after pricing Hong Kong IPO at bottom of range

China’s Xiaomi priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday.

China Unicom to raise $11.7bn from private firms

Telecoms group China Unicom said it is raising $11.7 billion from investors including tech giants Alibaba Group and Tencent Holdings, as part of Beijing’s push for state-owned enterprises to be revitalized with private capital.

Recent Stories

Experts: Economic empowerment key to driving financial inclusion

Experts have posited that the path to sustainable inclusive growth is the key to driving financial inclusion.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Dangote Industries targets $30 billion revenue by 2021

The President/Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, yesterday said the company would increase its revenue base from $4 billion to $30 billion by 2021.
Flour Mills of Nigeria (FMN) has unveiled plans to spend about N34 billion over the next 10 years to develop Sunti Community in Niger State, hosting of one of its sugar plants – Sunti Golden Sugar Estates (SGSE).

Flour Mills earmarks N34 billion in Niger

Flour Mills of Nigeria (FMN) has unveiled plans to spend about N34 billion over the next 10 years to develop Sunti Community in Niger State, hosting of one of its sugar plants – Sunti Golden Sugar Estates (SGSE).
World Bank Group President David Malpass

World Bank: Development partners pool $53 billion to fight poverty in Africa

A coalition of global development partners has announced $82 billion commitment for the International Development Association (IDA), the World Bank’s fund for the poorest, to maintain momentum in the fight against extreme poverty.

Central bank targets forex earnings from artificial intelligence, software development

Briefing the media Saturday in Ogere, Ogun State, after the Bankers’ Committee Retreat, the CBN Governor, Mr Godwin Emefiele, said the initiatives are in consonance with theme of the event, ‘Delivering increasing Growth through Digital Finance for the Nigerian Economy.’