Chinese AI startup DeepSeek founder Liang Wenfeng is reportedly set to meet with China’s top politicians, including Chinese leader Xi Jinping, during a summit that
Read moreChina wraps up fintech crackdown with big fines on Tencent, Alibaba
The regulatory crackdown that has shaken up China’s fintech industry since late 2020 appears to be coming to a close with the imposition of hefty
Read moreAlibaba CEO Daniel Zhang to pass the torch and focus on cloud
Hours after rumors started circling in China about a possible stepdown of Alibaba’s chairman and CEO Daniel Zhang, the ecommerce behemoth confirmed midday on Tuesday
Read moreAlibaba splits into six in biggest overhaul in 24 years
Alibaba never fails to show it’s a fan of restructuring to stay nimble in an ever-changing environment. The e-commerce behemoth said Tuesday that it will
Read moreAlibaba founder Jack Ma returns to China after a year of uncertainty
Jack Ma’s whereabouts are making headlines again roughly a year after the billionaire founder of Alibaba disappeared from the public eye. Bloomberg reported Monday that
Read moreAre Arm and Ant Group’s derailed exits back on track?
Firms linked to Ant Group saw their stocks rise on Monday after news over the weekend that founder Jack Ma would relinquish control of the
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