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Alibaba Group

Alibaba announces launch of trade assurance in country

ISLAMABAD: Alibaba. com, a leading global business-to-business (B2B) e-commerce platform, Tuesday announced the...

Published 25 Dec, 2024 08:10am

Technology

Alibaba to sell department store chain Intime for $1bn

Alibaba Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising of...

Published 17 Dec, 2024 10:22am

Technology

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows

SYDNEY: Alibaba Group has delivered investors initial price guidance on its $5 billion dual currency bond, according...

Published 19 Nov, 2024 10:28am

Technology

Alibaba Group CEO consolidates control of core businesses with new e-commerce role

SHANGHAI: Alibaba Group said on Wednesday its chief executive would directly oversee its domestic e-commerce arm,...

Published 20 Dec, 2023 01:56pm

Business & Finance

Ant Group quarterly profit falls 66% on year to 2.59bn yuan

China’s Ant Group made net profit of 2.59 billion yuan ($357.34 million) in the three months to June 30, down 64.67%...

Updated 16 Nov, 2023 08:42pm

Technology

Alibaba promises major discounts ahead of China’s ‘Singles Day’ shopping event

SHANGHAI: E-commerce giant Alibaba Group said it will be offering huge discounts as it gears up for its annual...

Published 23 Oct, 2023 10:58am

Technology

Alibaba plans to list logistics arm in Hong Kong IPO

BEIJING: Chinese e-commerce giant Alibaba said Tuesday it intends to spin off its logistics arm Cainiao through an...

Published 26 Sep, 2023 05:11pm

Technology

Alibaba tells Erdogan it plans to invest $2 billion in Turkiye

ISTANBUL: Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkiye President Tayyip Erdogan it plans to...

Published 18 Sep, 2023 12:28pm

Business & Finance

Former Starbucks CEO Schultz steps down from board

NEW YORK: Starbucks said Wednesday its former chief executive Howard Schultz will step down from the coffee chain’s...

Published 14 Sep, 2023 11:44am

Technology

Alibaba’s cloud division eyes state firms for up to $3bn fundraising

Alibaba Group Holding Ltd’s cloud division is weighing a private round to raise funds from Chinese state-owned...

Published 04 Sep, 2023 03:00pm

Technology

Ant Group plans restructuring, paving way for Hong Kong IPO

Jack Ma-backed Ant Group is planning a restructuring that will break off some non-core operations of its China...

Published 26 Jul, 2023 10:30am

Markets

Alibaba, Tencent shares rise as investors bet China’s tech crackdown is over

HONG KONG: Alibaba Group and Tencent shares rose in Hong Kong on Monday after China’s $984 million fine against ...

Published 11 Jul, 2023 06:08am

Business & Finance

Alibaba CEO and chairman Zhang to resign to focus on cloud business

SHANGHAI: Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on...

Published 26 Jun, 2023 06:38am

Markets

Alibaba shares plunge on SoftBank’s stake sale report

TOKYO: Japanese technology investor SoftBank Group Corp has moved to sell almost all of its remaining shares in...

Published 13 Apr, 2023 10:52am

Business & Finance

Restructuring of Alibaba to enhance decision-making: CEO

SHANGHAI/HONG KONG: Alibaba Group’s restructuring will allow all its business units to become more agile and...

Published 03 Apr, 2023 06:36am

Markets

Alibaba considers yielding control of some businesses in overhaul

SHANGHAI/HONG KONG: Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up...

Published 30 Mar, 2023 10:48am

Business & Finance

‘Gold Sponsor’ Alibaba concludes its participation in Textile Asia fair

KARACHI: Alibaba, an ecommerce giant, has concluded its participation as Gold Sponsor in the 24th edition of South...

Published 16 Mar, 2023 06:01am

Markets

China stocks fall as SVB contagion fears persist

SHANGHAI: China and Hong Kong stocks fell to their lowest in more than two months on Tuesday, as fears about...

Published 15 Mar, 2023 06:01am

Business & Finance

Alibaba beats quarterly revenue estimates as Covid curbs ease

BEIJING: Alibaba Group Holding Ltd reported better-than-expected quarterly revenue on Thursday, helped by its ...

Published 27 Feb, 2023 07:46am

World

US regulators to vet Alibaba, JD.com, other Chinese firms’ audits

HONG KONG: US regulators have selected e-commerce majors Alibaba Group Holding Ltd and JD.com Inc among other...

Published 31 Aug, 2022 05:58pm

Markets

Chinese internet stocks rise on signs of easing regulation

SHANGHAI: US-listed shares of Chinese technology companies rose, driven by signs of China easing its regulatory...

Published 18 May, 2022 05:54am

Markets

Hong Kong shares rise as tech giants Alibaba, Tencent bounced back

HONG KONG: Hong Kong shares edged up on Thursday as tech giants Alibaba and Tencent bounced back after continuous...

Published 26 Nov, 2021 05:15am

Markets

Hong Kong shares close down

HONG KONG: Hong Kong shares finished down on Thursday, pressured by tech groups ahead of earnings amid regulatory...

Published 19 Nov, 2021 04:35am

Business & Finance

Alibaba says profit falls 81% as China tech crackdown bites

SHANGHAI: Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter...

Updated 18 Nov, 2021 06:00pm

Business & Finance

Alibaba Group expected to post earnings of CNY12.43/share

Biejing: Alibaba Group Holding Ltd is expected to show a rise in quarterly revenue when it reports results on...

Published 02 Nov, 2021 05:20am

Technology

Alibaba apps start offering WeChat Pay option after government orders

SHANGHAI: China's Alibaba Group Holding Ltd has begun offering payment services from Tencent Holdings Ltd's WeChat ...

Published 28 Sep, 2021 12:17pm

Business & Finance

China's Alibaba to invest $15.5bn for ‘common prosperity’

SHANGHAI: China's Alibaba Group will invest 100 billion yuan ($15.5 billion) by 2025 in support of "common...

Published 02 Sep, 2021 03:25pm

Technology

Alibaba earnings down as China tech giants face turmoil

The Hangzhou-based company was the first of China's tech champions to feel the wrath of a government that has become concerned over their rapid growth and data security

Updated 04 Aug, 2021 02:01pm

Business & Finance

Alibaba earnings down as China tech giants face turmoil

SHANGHAI: Chinese e-commerce leader Alibaba Group said Tuesday that it posted lower profit but maintained steady...

Published 04 Aug, 2021 04:14am

Sports

Daraz partners with Pakistan Olympic Association

LAHORE: Daraz (Alibaba Group), Pakistan's leading e-commerce powerhouse, has announced its Olympic Games partnership...

Published 13 Jul, 2021 03:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.80
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
India Sensex / Jan 21	75,838.36
Tokyo Nikkei / Jan 21	39,604.71
Nasdaq / Jan 21	19,756.78
Hang Seng / Jan 21	19,872.36
FTSE 100 / Jan 21	8,548.29
Dow Jones / Jan 21	44,025.81
Germany DAX 30 / Jan 21	21,042

Item	Value
Crude Oil USD/Barrel / Jan 21	75.89
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Gold Spot USD/Ounce / Jan 21	2,749.13
Cotton US¢/pound / Jan 21	67.43
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Pak Agro Pack. (GEM) / Jan 22 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.95 ▲ 0.85 (10.49%)
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)
Flying Cement / Jan 22 Flying Cement Company Limited(FLYNG)	27.54 ▲ 2.50 (9.98%)
Popular Islamic / Jan 22 Popular Islamic Modaraba(PIM)	12.59 ▲ 1.06 (9.19%)
Shadman Cotton / Jan 22 Shadman Cotton Mills Limited(SHCM)	34.70 ▲ 2.90 (9.12%)
Calcorp Ltd / Jan 22 Calcorp Limited(CASH)	36 ▲ 3.00 (9.09%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.11 ▼ -0.89 (-14.83%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.01 ▼ -5.31 (-9.78%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Dewan Textile / Jan 22 Dewan Textile Mills Limited(DWTM)	7.28 ▼ -0.78 (-9.68%)
Sindh Abadgar / Jan 22 Sindh Abadgar's Sugar Mills Limited(SASML)	37.11 ▼ -3.89 (-9.49%)
Supernet Tech. / Jan 22 Supernet Technologies Limited(STL)	850.10 ▼ -76.81 (-8.29%)
Faisal Sp. / Jan 22 Faisal Spinning Mills Limited(FASM)	340.03 ▼ -29.87 (-8.08%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	57 ▼ -4.90 (-7.92%)
Suhail Jute / Jan 22 Suhail Jute Mills Limited(SUHJ)	105 ▼ -8.47 (-7.46%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.26
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.15
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	64,227,770 ▼ -0.01
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	54,868,469 ▲ 3.22
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.08
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▲ 0.02
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.24
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.35
B.O.Punjab / Jan 22 The Bank of Punjab(BOP)	14,838,637 ▼ -0.09

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