Alibaba surged $5 billion in transactions in less than 15 minutes on Singles Day, blowing the opening …
Alibaba
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Tech news
Why Chinese tech giants are better suited to Saudi Arabia than Google and Facebook
by Yomna Yasserby Yomna YasserWith two-thirds of its population under 30 and an economy it is keen to diversify away from …
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Tech news
Saudis negotiating Amazon, Alibaba about new city: Crown prince
by Yomna Yasserby Yomna YasserSaudi Arabia’s Crown Prince Mohammed bin Salman said his country is negotiating with some of the world’s …
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Alibaba says will invest more than $15bn over three years in global research programme
by Yomna Yasserby Yomna YasserChinese e-commerce giant Alibaba announced Wednesday it will invest more than $15 billion over the next three …
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Tech news
Alibaba invests $807 million for majority stake in logistics firm Cainiao
by Yomna Yasserby Yomna YasserChinese e-commerce giant Alibaba said Tuesday it paid an additional 5.3 billion yuan, or $807 million, to …
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Tech news
China launches cyber-court designed to handle internet-related disputes
by Yomna Yasserby Yomna YasserChina’s new cyber-court in the city of Hangzhou has commenced hearing cases on Thursday that exclusively deal …
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Alibaba stock seen up to 34% rally as it takes a page from the Amazon playbook
by Yomna Yasserby Yomna YasserAlibaba shares are likely to see a 34 percent rally with the company’s cloud division driving a …
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Tech news
China’s internet giant Tencent launches WeChat Pay in Europe to compete Alibaba’s Alipay
by Yomna Yasserby Yomna YasserChinese internet giant Tencent launched on Monday its WeChat Pay payments service in Europe, challenging rival Alipay, …
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Tech news
‘Hundreds’ of Alibaba and Huawei-sized companies could soon be taking on the world
by Yomna Yasserby Yomna YasserAlibaba became a well-known name internationally when it listed in the U.S. in 2014, while Huawei has …
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Tech news
Chinese bank calls documents ‘fake’ after bond default on Alibaba-linked platform
by Yomna Yasserby Yomna YasserThe fate of a defaulted $45 million Chinese corporate bond sold through an Alibaba-backed online wealth management …