Jack Ma, founder of China's e-commerce giant Alibaba suffered a major setback on Tuesday as Shanghai and Hong Kong Stock Exchanges suspended dual listing of the shares of his world's biggest initial public offer of $39.7 billion of the group's subsidiary - the Ant Group, 48 hours before the highly-anticipated trading was due to start. The Shanghai Stock Exchange surprised market investors with an abrupt announcement late on Tuesday that it will suspend Ant Group's IPO, as regulators and the public debate the balance between financial innovation and risk control, state run Global Times reported. According to media reports, the Hong Kong exchange followed suit several minutes later.
Tax demands and regulatory hassles, coupled with low internet density and sundry other problems, would have kept Mr Ma awfully busy - and small.
Their move follows an activist campaign by hedge fund Starboard Value LP, which is pushing Yahoo to consider a deal with AOL and unlock Yahoo's valuable stakes in Asian Web companies.
US mutual funds Valic Co 1 and Fidelity Rutland Square Trust II, which have minority stake in Flipkart, have marked down the value of their stocks in the company
Experts argue that the top two players in each category will receive funding sooner or later, but for laggards, the market is still challenging
The shareholders have approved raising of Rs 12,000 crore during the initial public offer and sale of secondary shares will take the total amount to Rs 16,600 crore. "Shareholders have approved all the proposals at the extraordinary general meeting. "The shareholders have approved the proposal to raise capital and the fresh issue of shares of up to Rs 12,000 crore during the IPO.
Meg Whitman is the wealthiest women in the technology sector.
Arora's appointment brings no real transfer of power, says Una Galani.
The company may also proceed with a plan to spin off more than $30 billion in shares of Alibaba
Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months.
The competition which BigBasket faces now is with the big three - Amazon, Walmart, and Reliance.
'It is inevitable that people around the world -- including from America and China -- will have different viewpoints over different issues'
Arora was hired in July to run a newly created unit called SoftBank Internet and Media Inc.
It hopes to leverage the growing number of mobile transactions
The country holds one of the biggest opportunities for Uber as more Indians start using smartphones
Snapdeal delivers to the Dharavi centre, where buyers pick up their orders.
An increasing number of US lawmakers voiced anger on Monday over the NBA's response to a Houston Rockets official's tweet backing Hong Kong democracy protests, raising US-China tensions as talks to end a 15-month trade war resumed.
What explains Vijay Shekhar Sharma's optimism when other players have started to tread cautiously is Paytm's huge customer base: It has 120 million users and counting, says Nivedita Mookerji.
The people on the front lines of fighting the Ebola epidemic are Time Magazine's Person of the Year.
Analysts say consumers would be the real winners.
Byju Classes' founder Byju Raveendran, Zomato co-founder Gaurav Gupta, CEO of Antara Senior Living, Tara Singh Vachani, Vinati Organics' MD & CEO Vinati Mutreja and Swapan Mehra, CEO of Iora Ecological Solutions are among 115 young leaders.
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
Ebay will cut around 2,400 jobs this quarter in a bid to improve business efficiencies.
Google boss's absence at US-China internet forum meet raises eyebrows.
This marks the second billion-dollar investment by Silver Lake in a Reliance subsidiary after the $1.35 billion investment in Jio Platforms.
SoftBank will pay 17 pounds in cash for each ARM share.
"In a year dominated by political chaos and bluster, it was a rare brand of steady -- even quiet -- leadership that won the day in the business world. And no one epitomises that brand of obsessively results-driven, team-based leadership more than our new No. 1 Businessperson of the Year," Fortune said.
Chinese foreign policy will acquire a more ideological and less pragmatic character. It will be conducted with more nationalist overtones, predicts former foreign secretary Shyam Saran.
In about a year, top e-commerce companies are expected to raise as much funds as the three sector leaders raised in about five years.
'Saying that Snapdeal is not doing well is beyond premature. Suggesting that someone has won or lost is myopic.'
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
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The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
Arora will resign less than two years since he joined the Japanese Internet conglomerate
Snapdeal had appointed merchant bankers for listing on an American stock exchange
The year 2017 could be the third year of a double-digit growth in arrivals from China after years of low single-digit growth
For the traditionalists, wars on Twitter and Facebook smack of immaturity.
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
The numbers in India may not be as big but the opportunity for serious growth is all there.
For now Walmart has said it remains optimistic about India. But that could change without prior notice, says Nivedita Mookerji.
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