Chinese regulator sanctions drop Alibaba profits

Alibaba offices in Beijing, April 13, 2021. GREG BAKER / AFP Alibaba had not published declining results for five years. But 2021 has been a particularly dark year for the Chinese e-commerce giant, hit by a series of sanctions and calls to order. After two satisfactory quarters, Chinese growth also slackened sharply from the summer, … Read more

Vieira tried to sell Benfica to Alibaba Chinese

Isabel Cutileiro / SL Benfica The telephone tapping of the Cartão Vermelho process reveals that Luís Filipe Vieira tried to sell 25% of Benfica SAD to the Chinese group Alibaba, which is dedicated to online commerce. However, there are also suspicions that the president of Benfica, with suspended functions, will have hidden 6.2 million euros … Read more

Alibaba founder Jack Ma is dedicated to hobbies and philanthropy

Alibaba founder Jack Ma has been staying out of the spotlight and focusing his efforts on hobbies and philanthropy, according to a company executive. “He’s dodging now, I talk to him every day,” said Joe Tsai, executive vice president of Alibaba, in an interview on CNBC’s “Squawk Box” program. “He’s doing really, really well. He … Read more