World
Jack Ma says US trade war to destroy commerce
Jack Ma, the co-founder of Alibaba Group and China’s richest man, gave a dire warning that the escalating trade war with the US is going to be severe and long-lived.
Browsing: Alibaba
World
Jack Ma set to step down from Alibaba
Alibaba Group chairman Jack Ma told The New York Times that he plans to step down from his role at the company on Monday, marking the end of an era at China’s e-commerce juggernaut.
In-depth
‘If it can happen to Tencent, it can happen to anyone’
China long celebrated Tencent as a national champion. Now the tech giant is getting a taste of what it’s like to be on the other side of government patronage.
World
Battered Tencent looks for bottom after $150-billion wipe-out
The Chinese Internet giant, best known for its popular games and ubiquitous messaging services, has shed more than $150-billion in market value since a January peak.
News
Support start-ups, Jack Ma tells South African audience
Alibaba Group founder Jack Ma has used his first visit to South Africa to encourage governments in Africa to support small businesses to address the crippling challenge of unemployment.
World
R1.8-trillion wiped off Tencent’s market value in 2018
The Chinese Internet giant, in which South Africa’s Naspers holds a 31.2% stake, has tumbled 25% from its January peak, erasing about $140-billion of market value.
In-depth
Inside Tencent’s gambit to dominate e-sports
Tencent has become one of the most aggressive promoters of pro-gaming. And it’s hard to overstate the mania that’s gripped China in particular.
World
Walmart ‘close to’ $12bn deal with Naspers-linked Flipkart
Walmart is close to finalising a deal to buy a majority stake in India’s leading e-commerce company for at least $12bn and may complete the agreement in the next two weeks, according to people familiar with the matter
In-depth
In China, tech is now all but state-owned
A key stumbling block in trade negotiations between China and the US has been Beijing’s extensive support for its technology firms. But if US President Donald Trump’s administration thinks that will change any
World
Banks need to fear Amazon’s finance ambitions
Banks around the world have spent the past few years preparing for competition from small, nimble technology start-ups. It turns out the real threat may be Jeff Bezos. Financial institutions have parried the threat from fintech firms by
