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Asia’s tech firms posing challenge for traditional banks as clients go...

HONG KONG — Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent.

Online marketplaces bat for better logistics to cut delivery time

DESPITE the growing trend on e-commerce which was thought to put brick-and-mortar stores in the backseat, online marketplaces are betting on securing more physical spaces to speed up the delivery of goods.

China’s most expensive movie becomes epic flop

SHANGHAI/BEIJING — A Chinese blockbuster hopeful backed by Alibaba Pictures Group and with a reported budget of over $100 million, was abruptly pulled from cinemas after a lackluster opening weekend at the box office.

Jack Ma warns of Bitcoin bubble

HONG KONG -- Billionaire Jack Ma has declared Bitcoin a potential bubble, reiterating his caution over the volatile cryptocurrency as his Ant Financial on Monday launched blockchain-based money transfers between Hong Kong and the Philippines.

Alibaba shows off smart wine store at Vinexpo

HONG KONG -- With no shop workers or cash tills and payments made using facial recognition, China’s largest e-commerce platform Alibaba created a fully automated wine store at Hong Kong’s Vinexpo fair on Tuesday.

Alibaba says annual net profit up 47% in 2017/2018

Beijing -- Chinese e-commerce giant Friday announced a massive 47 percent leap in net profit for the fiscal year 2017/2018, helped by a rise...

Jack Ma says nations need tech to sidestep US grip on...

Alibaba co-founder Jack Ma argues that nations from Japan to China need to develop their own semiconductor technology to get around America’s grip on...

GCash merchants to start accepting Alipay payments from Chinese shoppers via...

Globe Fintech Innovations, Inc, (Mynt) and Ant Financial Services Group (“Ant Financial” or “Ant”) announced a new QR code solution, which will enable local...

Alibaba-backed entrepreneur training program sees its first class of Asian graduates

Milestone marks Alibaba’s commitment towards UNCTAD’s goals for inclusive and sustainable economic development Geneva, Switzerland / Hangzhou China – The first class of Asian entrepreneurs have...

Alibaba doubles investment in Southeast Asia e-commerce firm Lazada

Shanghai, China -- Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2...

Officials to consult Alibaba’s Jack Ma on reforms for e-commerce industry...

FINANCE and central bank officials will visit China next year to continue talks with Alibaba Group Chairman Jack Ma on the development of e-commerce...

‘Cashless’ is PHL’s way to go — Jack Ma

By Krista A. M. Montealegre National Correspondent CHINESE BILLIONAIRE and visionary Jack Ma is rooting for the Philippines’ transformation into a “cashless society” in line with...