Trends - Alibaba - Business Recorder

Alibaba

Alibaba, JD enjoy record Singles Day

SHANGHAI: Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving ...

Published 13 Nov, 2021 04:08am

Technology

Yahoo leaves China for good

SHANGHAI: Yahoo said it had stopped allowing its services to be accessible from mainland China “in recognition of...

Published 03 Nov, 2021 03:54am

Markets

Tech, healthcare firms drag Hong Kong shares lower

HONGKONG: Hong Kong shares closed lower on Wednesday, dragged down by technology and healthcare firms, while ...

Published 28 Oct, 2021 04:06am

Business & Finance

Ecommerce Gateway signs agreement with Alibaba.com

LAHORE: The member company of Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) Ecommerce Gateway (Pvt)...

Published 16 Sep, 2021 04:02am

Markets

Asian markets hit by recovery worries as tech drags Hong Kong

After enjoying a broadly healthy run-up at the start of September, markets were again on the back foot as traders reassess their growth outlook for this year in light of the fast-spreading Delta variant

Published 09 Sep, 2021 10:34am

Business & Finance

Alibaba shares slide after $15bn 'prosperity' pledge

BEIJING: Shares in Alibaba slumped Friday upon the Chinese e-commerce giant's announcement it would invest 100...

Published 06 Sep, 2021 06:14am

Business & Finance

Alibaba shares slide after $15bn 'prosperity' pledge

Xi last month urged China's wealthiest companies and entrepreneurs to strengthen philanthropy efforts and give back to society

Published 03 Sep, 2021 02:43pm

Pakistan

‘Women development centres’ to be established in Punjab’s four varsities

LAHORE: The Women Development Department Punjab is going to set up “women development centres” in four major...

Published 26 Aug, 2021 04:52am

World

Alibaba says working with China police on sex assault allegation

SHANGHAI: Chinese e-commerce giant Alibaba said on Sunday that it was cooperating with a police investigation into...

Published 09 Aug, 2021 05:05am

Pakistan

Over half of Chinese companies listed on Fortune 500 have operations in Pakistan

More than half of Chinese enterprises listed on the Fortune Global 500 for 2021 have invested or conducted business...

Published 03 Aug, 2021 10:59pm

Business & Finance

Weibo chairman and state firm plan to take China's Twitter private

The consortium aims to finalise the deal by the end of this year, with the goal of eventually relisting Weibo in China to take advantage of higher valuations.
Weibo shares jumped more than 40% in pre-open trade in New York

Published 06 Jul, 2021 07:31pm

Business & Finance

Amazon stays atop fast-growing cloud computing market

Amazon held nearly 41 percent of the market last year, down from 45 percent in 2019 as its revenues grew 28 percent, according to Gartner.

Published 29 Jun, 2021 08:36pm

Business & Finance

China broadens crackdown on crypto mining industry

All crypto mines in the sparsely populated but coal- and hydropower-rich regions of Inner Mongolia and Qinghai were also ordered to shut down in recent months

Published 21 Jun, 2021 12:23pm

Business & Finance

Alibaba executive says founder Jack Ma lying low

"The idea that Jack has this enormous amount of power, I think that's not quite right," Tsai said. "He is just like you and me, he's a normal individual."
Alibaba was also fined $2.8 billion in April for anti-competitive business practices.

Published 15 Jun, 2021 07:40pm

Business & Finance

Global digital marketplaces: SBP seeks amendments to regulatory instructions

KARACHI: The State Bank of Pakistan (SBP) has proposed amendments to regulatory instructions to facilitate Pakistani...

Published 15 Jun, 2021 03:30am

World

Spy concerns dog Alibaba’s Belgium hub

BRUSSELS: Belgian authorities are concerned that a vast new logistics hub planned by Chinese e-commerce giant ...

Published 10 May, 2021 04:54am

Opinion

China’s big tech ‘rectification’ continues after Alibaba record fine

A record fine, public penitence from a tech giant and a ‘who’s who’ of digital firms warned to “rectify”...

Published 15 Apr, 2021 03:22am

Markets

Asian markets retreat as traders await earnings season

Eyes will be on the release of consumer price data this week, after figures Friday showed the producer price index last month came in above forecasts and hit its highest level in almost a decade.

Updated 12 Apr, 2021 04:57pm

Technology

Alibaba shares soar as it plays down hit from record $2.78bn fine

Regulators slammed the tech giant with the penalty on Saturday after a months long probe concluded it had been abusing its dominant market position.

Updated 12 Apr, 2021 04:58pm

Markets

China’s Didi picks Goldman, Morgan Stanley for mega US IPO

HONG KONG: China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its...

Published 12 Apr, 2021 03:59am

China hits Alibaba with record $2.78bn for market abuses

SHANGHAI: Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on...

Updated 11 Apr, 2021 05:47pm

Business & Finance

Events leading up to China's $2.75 billion fine on Alibaba

The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma’s stinging public criticism of the country’s regulatory system in October.

Published 10 Apr, 2021 02:46pm

World

Chinese regulators fine Alibaba $2.78 billion over monopolistic market abuse

Regulators in China have punished e-commerce giant Alibaba with a massive $2.78 billion (18.2 billion yuan) fine over practices deemed to be an abuse of the company's dominant (and monopolistic) market position.
Alibaba in particular has remained under scrutiny since last year, when co-founder Jack Ma criticised Chinese regulators as being "behind the times", after the company's financial arm Ant Group was investigated.

Published 10 Apr, 2021 01:24pm

Business & Finance

China fines Alibaba record $2.75 billion for anti-monopoly violations

The penalty, equivalent to around 4% of Alibaba’s 2019 revenues, comes amid an unprecedented regulatory crackdown on home-grown technology conglomerates in the past few months that have weighed on company shares.

Published 10 Apr, 2021 10:12am

Business & Finance

Alibaba-backed Bilibili closes down in Hong Kong trading debut

"The advantages of a secondary listing in Hong Kong include relatively manageable regulatory process and time frame, ability to attract more Mainland Chinese and Hong Kong investors as well as efficient capital raising process," Zhu said.

Published 29 Mar, 2021 02:20pm

World

H&M’s Xinjiang cotton ban sparks China backlash

BEIJING: Swedish clothing giant H&M’s decision to no longer source cotton from China’s Xinjiang region is...

Published 25 Mar, 2021 05:08am

World

China summons tech giants over internet security

BEIJING: Chinese authorities on Thursday summoned 11 tech companies including Tencent, Alibaba, and TikTok parent...

Updated 19 Mar, 2021 09:34am

Technology

China summons tech giants over internet security

The aim is to ensure they comply with regulations and take "effective rectification measures" for potential hazards discovered.

Updated 18 Mar, 2021 04:07pm

World

China asks Alibaba to divest media assets

BEIJING: Beijing has asked Chinese e-commerce titan Alibaba to divest its assets in the media sector out of concern...

Updated 16 Mar, 2021 09:38am

Markets

China's market regulator to launch new rules on online deals

The State Administration of Market Regulation said it would roll out administrative guidance around the Single's Day.

Published 15 Mar, 2021 12:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 13	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 13 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 13 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 13 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 13 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 13 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 13 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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