Didi Global reports widening losses as Beijing restrictions bite

[wpcc-element _tag=”source” srcset=”https://i.guim.co.uk/img/media/19e3514f587302f8794f8af826d3fbf26f6f9672/0_80_4096_2457/master/4096.jpg?width=620&dpr=2&s=none&crop=none” media=”(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)” _close=”0″] Shares in Didi soared after its IPO in June, but have since slumped by 65%. Photograph: How Hwee Young/EPA Shares in Didi soared after its IPO in June, but have since slumped by 65%. Photograph: How Hwee Young/EPA Technology sector This … Read more

Chinese technology shares jump as Alibaba sales exceed forecasts

[wpcc-element _tag=”source” srcset=”https://i.guim.co.uk/img/media/a097936dee9227ee79b62758cd9a2108390dfb6c/19_80_3737_2243/master/3737.jpg?width=620&dpr=2&s=none&crop=none” media=”(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)” _close=”0″] Alibaba has warned of the impact of restrictions on its business under Beijing’s zero-Covid policy, and declined to give a forecast for the current year. Photograph: AFP/Getty Images Alibaba has warned of the impact of restrictions on its business under Beijing’s … Read more

Alibaba founder Jack Ma hiding out in Tokyo, reports say

[wpcc-element _tag=”source” srcset=”https://i.guim.co.uk/img/media/69cd32c3c8fdb56baba9377fefc9ebf668af1f3a/0_178_2815_1690/master/2815.jpg?width=620&dpr=2&s=none&crop=none” media=”(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)” _close=”0″] The day-to-day running of Ma’s tech interests in China has been delegated to a new generation of executives. Photograph: Aly Song/Reuters The day-to-day running of Ma’s tech interests in China has been delegated to a new generation of executives. Photograph: Aly … Read more

Jack Ma to give up control of China’s Ant Group, firm says

[wpcc-element _tag=”source” srcset=”https://i.guim.co.uk/img/media/a89978e05dfeda4613fc23d557b647905c666774/0_425_3500_2100/master/3500.jpg?width=620&dpr=2&s=none&crop=none” media=”(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)” _close=”0″] Jack Ma has relinquished control of Chinese fintech giant Ant Group. Photograph: Yuya Shino/Reuters Jack Ma has relinquished control of Chinese fintech giant Ant Group. Photograph: Yuya Shino/Reuters Jack Ma This article is more than 1 year old Jack Ma to … Read more

China to take ‘golden shares’ in tech firms Alibaba and Tencent

[wpcc-element _tag=”source” srcset=”https://i.guim.co.uk/img/media/300b1f932f64aa3ae3569cceef3f1a0ba7d07623/24_21_2815_1690/master/2815.jpg?width=620&dpr=2&s=none&crop=none” media=”(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)” _close=”0″] The move to take stakes in the local operations of Alibaba and Tencent have been called ‘golden shares’ as they come with special rights over business decisions. Photograph: Tingshu Wang/Reuters The move to take stakes in the local operations of Alibaba … Read more

Alibaba founder Jack Ma seen in China after months of absence

[wpcc-element _tag=”source” srcset=”https://i.guim.co.uk/img/media/f969b13e37db11de352d80df8dc79cd46a87f8ad/0_143_4234_2539/master/4234.jpg?width=620&dpr=2&s=none&crop=none” media=”(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)” _close=”0″] Jack Ma arrives at the Tech for Good summit in Paris in 2019. The billionaire had been one of China’s most prominent business figures. Photograph: Charles Platiau/Reuters Jack Ma arrives at the Tech for Good summit in Paris in 2019. The … Read more

Belgian intelligence investigating logistics hub of China’s Alibaba at local airport

[wpcc-element _tag=”source” srcset=”https://i.guim.co.uk/img/media/90b64ae91d83ff25907fff37bac4fef3732a65f4/0_199_6105_3663/master/6105.jpg?width=620&dpr=2&s=none&crop=none” media=”(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)” _close=”0″] A man walks past a logo of Alibaba Group at its office building in Beijing. Belgian officials are investigating the company’s logistics hub at Liège airport. Photograph: Tingshu Wang/Reuters A man walks past a logo of Alibaba Group at its office … Read more

David Beckham becomes ambassador for Chinese tech group sponsoring Euro 2024

[wpcc-element _tag=”source” srcset=”https://i.guim.co.uk/img/media/d15acb8fc2d8f2066a881297b8d54d9086715a64/24_161_4231_2540/master/4231.jpg?width=620&dpr=2&s=none&crop=none” media=”(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)” _close=”0″] David Beckham has signed a deal with AliExpress, the exclusive e-commerce platform partner of Uefa, which oversees Euro 2024. Photograph: Dominic Lipinski/Getty Images David Beckham has signed a deal with AliExpress, the exclusive e-commerce platform partner of Uefa, which oversees Euro … Read more