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Josh Horwitz

REFILE-UPDATE 1-Tearful Ma bids Alibaba farewell with rock star show

12 Sep 2019

HANGZHOU, China, Sept 10 A tearful Jack Ma formally stepped down as Alibaba chairman on Tuesday, donning a guitar and a rock star wig at an event for thousands of employees of the e-commerce giant he founded 20 years ago in a small shared apartment in Hangzhou city in eastern China.

Apple's new, lower priced iPhone draws tepid response in Asia

11 Sep 2019

HANGZHOU, China/SEOUL Apple Inc's new, lower priced iPhone that comes with a faster processor but lacks 5G technology disappointed Asia, where cheaper and feature-packed handsets from rivals are already available.

Tepid reaction for Apple's new iPhones in China amid tough competition

11 Sep 2019

HANGZHOU/SHANGHAI, Sept 11 A lower price tag and new features may not be enough for Apple Inc to win customers for its newly-launched iPhone 11 series in China, the world's largest smartphone market that is already crowded with cheaper and feature-packed rival handsets.

Alibaba set for 'big challenge' as flamboyant chairman Ma departs

10 Sep 2019

SHANGHAI Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply. | Video

RPT-Alibaba set for 'big challenge' as flamboyant chairman Ma departs

10 Sep 2019

SHANGHAI, Sept 9 Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.

Alibaba set for 'big challenge' as flamboyant chairman Ma departs

09 Sep 2019

SHANGHAI, Sept 9 Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.

Alibaba dials up luxury push with $2 billion buy of Netease e-commerce arm

06 Sep 2019

SHANGHAI Alibaba Group has agreed to buy e-commerce business Kaola from Chinese gaming company NetEase for $2 billion (1.6 billion pounds), adding a platform that specializes in supplying curated luxury goods from abroad to domestic consumers.

China's Xiaomi plans $1.5 billion buyback to arrest stock tumble

03 Sep 2019

SHANGHAI Chinese smartphone maker Xiaomi Corp announced a HK$12 billion (1.25 billion pounds) share buyback plan on Tuesday, in a reversal of its cash-management strategy that is aimed at boosting its floundering stock.

Chinese face-swapping app goes viral, sparks privacy concerns

02 Sep 2019

SHANGHAI ZAO - a new Chinese app that lets users swap their faces with celebrities, sports stars or anyone else in a video clip - racked up millions of downloads on the weekend but swiftly drew fire over privacy issues.

World News

Iran says it will destroy any aggressor

Iran will pursue any aggressor, even if it carries out a limited attack, and seek to destroy it, the head of the elite Revolutionary Guards said on Saturday, after attacks on Saudi oil sites which Riyadh and U.S officials blamed on Tehran.