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Who will be Hong Kong stock exchange’s new CEO?
SINGAPORE: Chinese e-commerce giant Alibaba Group Holding Ltd has bought a 50% stake in a Singapore office tower in a deal valuing the property at S$1.68bil (US$1.2bil).
CHINESE e-commerce giant Alibaba Group Holding Ltd. has bought a 50% stake in a Singapore office tower in a deal valuing the property at S$1.68bil (US$1.2bil).
ALIBABA Group Holding Ltd. demoted e-commerce chief Jiang Fan and took away a year’s worth of financial incentives, disciplining the top executive after concluding an investigation into allegations of improper behavior, a person familiar with the matter said.
HONG KONG: Hong Kong's flagship English-language newspaper, the South China Morning Post, owned by Alibaba Group Holding Ltd, will cut senior management pay and ask staff to take unpaid leave for three weeks, a staff letter obtained by Reuters showed.
BEIJING: Alibaba Group Holding Ltd. will invest 200 billion yuan (US$28bil) on cloud infrastructure such as datacenters over the next three years, a major effort to extend one of its fastest growing business segments to more countries.
Alibaba-backed firm sales fall short of US$409mil
SINGAPORE: Singapore’s government urged residents to consider ordering their groceries online rather than going to the shops. That just became tougher.
MASAYOSHI Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices. But as the coronavirus curtails unnecessary human interaction, it’s hammering such businesses and rattling the foundations of Son’s SoftBank Group Corp.
SEOUL/TOKYO: With more employees working from home to help slow the spread of the coronavirus, demand is surging for laptops and network peripherals as well as components along the supply chain such as chips, as companies rush to build virtual offices.