FILE - In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. Ma hasn't been seen in public since he angered regulators with an October 2020 speech. That is prompting speculation about what might happen to the billionaire founder of the world's biggest e-commerce company. (AP Photo/Thibault Camus, File)
January 05, 2021 - 2:09 am
BEIJING (AP) — China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators said such...
Read More
FILE - Visitors to the Pax East conference play the new Nintendo Switch video game Animal Crossing, Thursday, Feb. 27, 2020, in Boston. Thousands of gaming enthusiasts attended the Pax East conference that opened in Boston, Thursday. (AP Photo/Steven Senne)
December 28, 2020 - 2:53 pm
We streamed, we Zoomed, we ordered groceries and houseplants online, we created virtual villages while navigating laptop shortages to work and learn from home. In many ways, 2020′s pandemic-induced isolation threw our dependence on technology into overdrive, snipping away at our real-life...
Read More
Floats that are part of the modified Macy's Thanksgiving Day Parade are seen from the Empire State Building in New York, Thursday, Nov. 26, 2020. Due to the pandemic, no crowds of onlookers were allowed to attend the annual parade. (AP Photo/Craig Ruttle)
November 26, 2020 - 4:24 pm
NEW YORK (AP) — The pandemic is turning this into a holiday shopping season like no other. Toy companies are targeting stuck-at-home grown-ups with latte-smelling Play-Doh and Legos that turn into Warhols. Those who added a puppy to their family during the pandemic will see tons of gift options for...
Read More
November 23, 2020 - 1:45 am
HONG KONG (AP) — The chairman and CEO of e-commerce giant Alibaba Group praised Chinese regulators Monday in a possible attempt to repair ties after the stock market debut of its former financial services arm was suspended following criticism of them by billionaire Alibaba founder Jack Ma. Beijing’...
Read More
FILE - In this Sept. 10, 2019 file photo, Jack Ma, founder of the Alibaba Group, speaks at the company's 20th-anniversary celebration in Hangzhou in eastern China's Zhejiang province. A survey shows Jack Ma, founder of e-commerce giant Alibaba, held onto his status as China's richest entrepreneur as the coronavirus shutdown propelled demand for online shopping and other services. (Chinatopix via AP, File)
October 20, 2020 - 12:42 am
BEIJING (AP) — Jack Ma, founder of e-commerce giant Alibaba, held onto his status as China’s richest tycoon this year as surging demand for online shopping and other services during the coronavirus pandemic swelled the fortunes of internet entrepreneurs, according to a survey released Tuesday. Ma’s...
Read More
People walk past a Miniso shop at a shopping mall in Beijing, Thursday, Oct. 15, 2020. Miniso, a Chinese discount retailer known for its fashionable but affordable household products, is expected to raise up to $562 million in a U.S. initial public offering in New York. The Guangzhou-based retailer is the latest Chinese company to list in the U.S., amid tensions that have taken U.S.-China relations to their worst level in decades. (AP Photo/Mark Schiefelbein)
October 15, 2020 - 10:22 am
HONG KONG (AP) — Shares of Miniso Group Holding jumped in their first day of trading, while the broader markets were on pace for their third straight loss this week. Miniso, a Chinese discount retailer known for its fashionable but affordable household products, raised $608 million in a U.S...
Read More
September 02, 2020 - 1:08 am
COPENHAGEN, Denmark (AP) — Danish toy company Lego saw its half-year sales rise solidly despite headwinds posed by the coronavirus pandemic, as it benefited from long-term investments in e-commerce and product innovations. It said Wednesday that overall sales rose 7% to 15.7 billion kroner ($2.5...
Read More
FILE - In this July 21, 2020 file photo, a man opens social media app 'TikTok' on his cell phone, in Islamabad, Pakistan. Walmart said Thursday, Aug. 27, that it's interested in teaming up with Microsoft to buy the U.S. business of TikTok, the popular Chinese video app. (AP Photo/Anjum Naveed, File)
August 29, 2020 - 8:08 am
NEW YORK (AP) — Walmart may be the world's largest retailer but it has mostly failed in its efforts to break Amazon's online dominance. Could TikTok, a fast-growing 3-year-old app filled with goofy videos, be the answer? TikTok's U.S. business appears up for grabs, with the Trump administration...
Read More
August 25, 2020 - 4:15 am
HONG KONG (AP) — Ant Group, the financial technology arm of Chinese e-commerce giant Alibaba Group, on Tuesday filed for a dual listing in Hong Kong and Shanghai, in what may be the largest share offering since the coronavirus pandemic began. The initial public offering will be the first dual...
Read More
August 24, 2020 - 4:27 am
TAIPEI, Taiwan (AP) — Taiwan declared an e-commerce platform linked to China's Alibaba Group a potential security risk and told its operator Monday to register as a company from the rival mainland or dispose of its ownership stake. The order adds to mounting pressure on Chinese companies in the...
Read More