With 6.44 per cent of shares in his bracket, Jack will continue to exert his influence on China's biggest e-commerce company through his lifetime membership with the Alibaba Partnership, reported CNN.
A source said the deal would see Alibaba invest around $600 million
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The Chinese government has accused e-commerce titan Alibaba Group Holding Ltd of not paying enough attention to illegal business conducted on its platforms and failing to take effective steps to snuff it out.
The South China Morning Post has iconic status in the region.
Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
The website will operate as a marketplace similar to Alibaba's China-based TMall, which offers virtual store fronts to merchants who set their own prices and handle their own logistics for nearly everything but payments, the newspaper reported.
Internet giant Yahoo may shed its substantial holding in China's Alibaba Group and in its Japanese affiliate in transactions totalling about $18 billion, says a media report.
The shopping day, similar to Cyber Monday and Black Friday in the United States, comes less than eight weeks after Alibaba's record $25 billion public share listing in New York.
'This marks a turning point for Paytm, with the regulatory environment looking much clearer than it has been in the last two years.'
Joint venture to take on Amazon will be announced next week.
Chinese e-commerce giant Alibaba has received anti-trust regulator CCI's approval for buying 4.14 per cent stake in Snapdeal.
Internet company Yahoo!'s co-founder Jerry Yang has quit the company he founded 17 years ago.
Alibaba, the world's biggest e-commerce firm by transaction value, supports small businesses on its platforms.
The company's revenue fell by one per cent to $1.20 billion in the July-September quarter of 2012.
He was number three in 1999 when the company was founded.
Yahoo Inc plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
At least three industry bodies have alleged counterfeits remain widespread on Alibaba's sites
Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand as they continue to believe in its long-term prospect, analysts said. On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period, allowing investors to sell shares that haven't yet been allowed onto the market. Market participants have been speculating on Paytm, post-expiry of lock-in for pre-IPO investors.
The largest deal of this year was Centerbridge Partners LP investing $1,157 million in Senvion SE for 100% stake from Suzlon Energy.
The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal
Obama joked comfortably with the eccentric founder and executive chairman of Alibaba Group.
Digital payments and financial services firm Paytm has filed a draft red herring prospectus for its proposed Rs 16,600-crore initial public offering (IPO) with the Securities and Exchange Board of India.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
The ban in India would hit Chinese internet companies that were making headway in the world's fastest-growing mobile market.
While global competitors Amazon and Walmart are looking to explore B2B online in India, traditional Indian retailers like the Future group and Reliance Retail and e-commerce players such as Snapdeal and Flipkart have no immediate plans in this area.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Three UCLA men's basketball players were arrested in China for shoplifting on Tuesday, a day ahead of US President Donald Trump's first official visit there, according to several media reports.
Its market capitalisation tops those of the 3 largest Indian firms combined
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 fast-food giant McDonald's Corp has ended its 41-year-long Olympic Games sponsorship deal three years early, the International Olympic Committee said on Friday.
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
Arora was hired in July to run a newly created unit called SoftBank Internet and Media Inc.
Ebay will cut around 2,400 jobs this quarter in a bid to improve business efficiencies.
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.
A summary of sports events and sports persons, who made news on Wednesday
With 2016 officially behind us, let's look forward and speculate about the events, people and issues that will shape 2017.
The company may also proceed with a plan to spin off more than $30 billion in shares of Alibaba
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
'It is inevitable that people around the world -- including from America and China -- will have different viewpoints over different issues'
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