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Alibaba Group

Jack Ma urges Alibaba to ‘correct course’ in internal memo - THE EDGE SINGAPORE

China Focus

Jack Ma urges Alibaba to ‘correct course’ in internal memo

PDD’s growth far outpaced Chinese rivals including Alibaba

Results

Alibaba posts surprise loss as China Covid curbs take a toll

Alibaba Group reported a net loss of RMB20.6 billion yuan (US$2.9 billion or $3.96 billion) for the quarter ended Sept 30.

Broker's Calls

Analysts lower Alibaba's target prices after 4QFY2022 results

CGS-CIMB has pegged a new TP of HK$151, while DBS has pegged new TPs of HK$157 and US$161.

China Focus

JPMorgan analysts behind 'uninvestable' call upgrade China tech

The Nasdaq Golden Dragon China Index hit its closing low for the year on the day of JPMorgan’s March report
Tiger Brokers collaborates with Alibaba Cloud for end-to-end tech support to its trading platform, Tiger Trade - THE EDGE SINGAPORE

Fintech

Tiger Brokers collaborates with Alibaba Cloud for end-to-end tech support to its trading platform, Tiger Trade

The partnership will also serve to support the growing number of users on Tiger Trade.
China slaps Alibaba with RMB 18.2 billion fine in monopoly probe - THE EDGE SINGAPORE

Company in the news

China slaps Alibaba with RMB 18.2 billion fine in monopoly probe

The various moves were presumably meant to curb Ma’s influence, whose interests have come under a series of regulatory actions.

IPO

Ant Group’s stalled IPO could reduce its value by US$140 bil

The reduced valuation also means potentially lower fees for investment banks that were counting on a windfall from the IPO.

Tech

Almost everyone at SoftBank thinks going private is a bad idea

Insiders say everyone except founder Masayoshi Son opposes the idea of taking Softbank private.

M&A

Sea’s pandemic surge is currency for some bold M&A

The time is right for Sea Ltd to make M&A moves, to plug holes in its product offering, writes Tim Culpan for Bloomberg.

Disruption and Digitalisation

Jack Ma's Ant Financial joins race for Singapore digital banking licence

(Jan 2): Billionaire Jack Ma’s Ant Financial has applied for a digital banking licence in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.
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