Dealmakers hope that Cainiao's potential IPO, likely to be followed by more Alibaba units, could help revive sluggish fundraising activities in Hong Kong

A smaller fine will follow its founder Jack Ma’s recent return to China after staying overseas for more than a year after a dramatic regulatory crackdown

Companies that fall foul of the new rules, likely to come into effect sometime this year, could have their services suspended, face fines or even face a criminal investigation

Alibaba's shares have soared over 14% since the company's break-up plan announcement and $1.7bn in foreign cash has flowed into China's markets

The news of Jack Ma’s return comes on the final day of the China Development forum, a government-funded event being held in Beijing

China saw 229 of its billionaires drop off the Hurun Global Rich List with Jack Ma, founder of e-commerce giant Alibaba, falling to 52nd place from 34th

The move signifies Beijing's changing priorities as it looks to strengthen is capabilities while Washington cuts off access to cutting edge technology

Baidu also said earlier this week it will soon finish internal testing for a ChatGPT alternative called 'Ernie Bot'

The China State Administration for Market Regulation, which is responsible for stopping monopolistic behavior, has fined Alibaba, Tencent and numerous other companies.

Beijing's harsh regulatory crackdown means Ant now stresses its autonomy, to the point that Alibaba might even compete with its one-time sister company

India's Ministry of Corporate Affairs and the Mumbai Police have launched investigations into Alibaba Cloud (India) LLP, sources have told The Economic Times

Leading the charge will be Trudy Dai, a founding member of the company, who has been tasked with revitalizing Alibaba's business and organization