Alibaba

Alibaba and its founder Jack Ma has been summoned by an Indian court in a case in which a former employee in the country says he was wrongfully fired and is seeking $268,000 in damages, Reuters reported on Sunday citing documents.

Ant Group, the fintech arm of Alibaba and parent company of Alipay, will create dozens of billionaires and plenty of multimillionaires with its upcoming IPO.

Ant Group, the fintech arm of Alibaba, today announced the upgrade of the Ant Blockchain to "Ant Chain" and the release of an all-in-one machine for the Ant Chain.

Alibaba recently announced that its self-developed NFC technology breaks through the limits of the communications industry, expanding the traditional near-field communication perception distance in any direction from 20 cm to 3 meters, the longest in the world.

Ant Group, the online payment service arm of China’s Alibaba Group, today announced on Weibo that it plans dual listing on Shanghai's STAR board and HK.

Between its Hong Kong IPO on November 26 last year and July 2 this year, Alibaba founder Jack Ma's shareholding in the company was reduced by over 233.86 million shares, bringing his shareholding to less than 5% for the first time.

Ant Group, the fintech arm of Alibaba, plans to go public in Hong Kong float as soon as this year, Reuters reported citing two sources with knowledge of the matter, adding it targets a valuation of more than $200 billion.

Alipay said today that it will distribute nationwide consumption vouchers for 17 consecutive days from July 1, totaling 10 billion yuan. 

Alibaba has recently set up an intelligent search business unit, headed by Wu Jia, general manager of UC browser business unit, who reports to Zhu Shunyan, president of Alibaba's innovation business group, Sina Tech said, citing company insiders.

Alibaba's Ant Financial Services Group has corporatized its database product, OceanBase, into a 100% owned database company.