中国互联网

SoftBank to trim Alibaba stake to 14.6%, poised to book $34B gain (techcrunch.com)
2022-8-10 Alibaba

After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter (www.wsj.com)
2022-8-10 Alibaba

Indonesian digital wallet maker Dana raised $250M from local conglomerate Sinar Mas and Alibaba's Lazada Group and says it processes 10M transactions/day (www.bloomberg.com)
2022-8-10 Alibaba Indonesia

Unity announces it has struck a deal to create Unity China, a joint venture valued at $1B, with partners including Alibaba, China Mobile, Oppo, and Douyin Group (www.reuters.com)
2022-8-10 China Mobile Alibaba OPPO

Filing: Alibaba reduced its workforce by 9,241 employees in the three months to June, for just over 245,000 total, after letting 4,375 go in January-March 2022 (www.bloomberg.com)
2022-8-9 Alibaba

Tencent seeks bigger stake in ‘Assassin's Creed' maker Ubisoft (indianexpress.com)
2022-8-5 Tencent

Sources: Tencent plans to raise its stake in Ubisoft to become its single largest shareholder, after buying a 5% stake in 2018; Ubisoft's stock price jumps 10%+ (www.reuters.com)
2022-8-5 Tencent

Tencent Seeks Bigger Stake in 'Assassin's Creed' Maker Ubisoft (games.slashdot.org)
2022-8-5 Tencent

ALIBABA RESPONDS TO ITS ADDITION TO SEC'S LIST OF COMPANIES FACING DELISTING THREAT (readwrite.com)
2022-8-4 Alibaba

Alibaba beats with Q1 revenue flat YoY to $30.68B, as Cloud revenue rose 10% YoY to $2.6B, and $3.3B net income; NYSE-listed stock rises 5%+ (www.cnbc.com)
2022-8-4 Alibaba

SoftBank raised $22B in cash from deals that would sharply reduce its stake in Alibaba in the future; SoftBank holds a 23.9% stake in Alibaba as of mid-July (t.co)
2022-8-4 Alibaba

Salesforce shutters Hong Kong office, leans on Alibaba in China (techcrunch.com)
2022-8-4 China Hong Kong Alibaba Salesforce

Logitech and Tencent working on cloud-based handheld console (indianexpress.com)
2022-8-3 Tencent

US Authorities Threaten Alibaba With NYSE Delisting (yro.slashdot.org)
2022-8-2 Alibaba

SEC adds Alibaba to a list of Chinese companies facing delisting in three years if they fail to comply with US auditing standards; Alibaba stock is down 9%+ (www.bloomberg.com)
2022-7-30 China Alibaba

Sources: Ashraf Ismail, who was fired by Ubisoft amid misconduct allegations in 2020, was hired by Tencent in 2021 to work on a game at its TiMi Studio Group (www.axios.com)
2022-7-29 Tencent

Sources: Jack Ma plans to relinquish control of Alibaba's Ant Group, potentially pushing back Ant's IPO for a year or more; regulators approve of the change (www.wsj.com)
2022-7-28 IPO Jack Ma Alibaba

Alibaba's annual report shows the company has removed all Ant Group executives from its partnership and says only its own staff will be able to become partners (www.bloomberg.com)
2022-7-26 Alibaba

Sources: Alibaba's US B2B arm, which has been hit by staff departures in its NY office, has slashed its target of signing up 1M SMBs to just 2,000 each year (on.ft.com)
2022-7-26 Alibaba

Alibaba plans to apply for a primary Hong Kong listing while keeping its NYSE listing, taking advantage of a rule change to attract Chinese tech firms (www.reuters.com)
2022-7-26 China Hong Kong Alibaba

I bought a cheap electric pickup truck from Alibaba. Here's what showed up (electrek.co)
2022-7-26 Alibaba

Former Tencent insurance boss joins web3 powerhouse Animoca Brands (techcrunch.com)
2022-7-19 Tencent Insurance

Researchers say Alibaba's cloud platform that hosted Shanghai's now-leaked police database used outdated systems that didn't offer the ability to set a password (www.wsj.com)
2022-7-18 Database Alibaba Shanghai

Alibaba execs summoned by Shanghai authorities over data theft probe (finance.yahoo.com)
2022-7-15 Alibaba Shanghai

China has approved publishing licenses to 67 more online game titles, its third batch this year, but Tencent and NetEase games again failed to make the list (www.bloomberg.com)
2022-7-13 China Tencent

Sources: China decided to rein in Tencent after two scandals, including a secret WeChat project to use data to predict new Politburo standing committee members (www.bloomberg.com)
2022-7-12 China WeChat Tencent

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