Alibaba Stock News

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Alibaba Group Holding Limited (NYSE:BABA) price is hovering higher on Tuesday, November 16, jumping 0.93% above its previous close. >> 7 Top Picks for the Post-Pandemic Economy > 7 Top Picks for the Post-Pandemic Economy

Malicious groups are disabling features in Alibaba Cloud ECS scenarios for Monero crypto jacking, according to Trend Micro researchers. Cybercriminal hackers have targeted the Alibaba Elastic Computing Service (ECS), disabling certain security features in order to further their crypto mining goals. Alibaba offers a few different options that make it a very attractive target for [] The post Cybercriminals Target Alibaba Cloud for Crypto mining, Malware appeared first on ITSecurityWire .

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Singapores state-owned investor Temasek Holdings Pte sold shares of U.S.-listed Chinese technology companies from Alibaba Group Holding Ltd (NYSE: BABA ) and DiDi Global Inc (NYSE: DIDI ) to online education providers amid regulatory crackdowns, Bloomberg reports . Temasek cut 16% of its stake in e-commerce giant Alibaba and 11% of its shares in ride-hailing service Didi. It exited Chinese Full story available on Benzinga.com

SampathCards was conferred with the Best Revenue Generating Overall Card Base award by Daraz at the recently concluded Daraz Payment Partner Performance Awards 2021. The award recognizes the exceptional value delivered to Daraz by SampathCards, by generating the highest total payment volume by both credit and debit card bases for Daraz during the financial year 2020 21. Backed by global e-commerce giant, the Alibaba Group, Daraz has effectively brought together consumers, merchants, and other stakeholders to grow into Sri Lankas largest online marketplace. Adding to the appeal of the wide range of products and irresistible deals available on Daraz, SampathCards has been offering added discounts, 0% interest extended settlement plans and other benefits to purchases made on www.daraz.lk and the Daraz mobile app to its credit and debit cardholders all through the year. Deals and discounts like this have been instrumental in helping SampathCards deliver outstanding results for partners like Daraz.

Technologies like cloud computing and robotic vehicles contributed to reducing the environmental impact of the worlds biggest shopping festival, Hangzhou-based e-commerce giant Alibaba Group Holding said on Tuesday, even though sales growth for Singles Day was the lowest level on record.Alibabas focus on green initiatives and sustainability during the annual online shopping event comes amid Chinas low carbon push and tightened regulatory environment.That approach comes at a time when

Singapore state investor Temasek is reportedly taking a pause on new investments in Chinese tech firms until there is greater visibility on the regulatory landscape. Singapores Temasek is the latest major investor to voice worries about investing in Chinas technology sector amid an industrywide crackdown to address a myriad of issues. «We will probably wait to deploy more capital till we have a little bit more regulatory clarity in that space,» said Temaseks chief investment strategist Rohit Sipahimalani in an interview with «Nikkei Asia». «I would expect in the next few months you will have regulatory clarity, and that will shape some winners and losers out there.» Didi In July, the Cyberspace Administration of China reprimanded ride-hailing giant Didi by booting them off the countrys app stores two days after its $4.4 billion initial public offering in New York. «Today the concern investors have is no one knows what is it that the company needs to do to comply, said Sipahimalani with regards to Didi, which, amongst other tech firms like Tencent and Alibaba, is backed by Temasek investments. «So therefore, it is difficult to know whether they will be able to, will not, or what the impact on the company will be so then it becomes difficult to invest.» Antimonopoly Regulations One particular area where Temasek is seeking clarity is Chinas antimonopoly stance and the restrictions placed on tech platforms. «Right now, [the Chinese authorities] are asking Alibaba and Tencent to open their platforms, [to] open to each other and the others you know, what else?» Sipahimalani said. «Little More Blunt and Quick» In addition to regulatory focus, Sipahimalani also highlighted the regulatory approach and its impact on the market. «The Chinese government wants to address things like monopoly power of big tech platforms.

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