Alibaba

The Latest

  • Alibaba Shares Surge as Jack Ma Emerges from Shadows to Address Employees and Boost Confidence
    Alibaba founder Jack Ma spotted in Mallorca in rare trip abroad after China scrutiny
    Alibaba co-founder Jack Ma has resurfaced with a rare public statement, penning a lengthy memo to employees in which he praised the Chinese technology giant's recent reorganization and transformations amid a tumultuous year.
  • JD.com Triumphs Over Alibaba with 1 Billion Yuan Award in Landmark Antitrust Case
    JD.com Hong Kong Listing
    JD.com has secured a significant legal victory in its long-standing antitrust dispute with Alibaba. On December 29, the Beijing High People's Court ruled in favor of JD.com in the "choose one from two" monopoly case, ordering Alibaba to pay 1 billion yuan in damages.
  • Alibaba Shares Slide as Cloud Spinoff Halted, First-Ever Dividend Announced Amid US Chip Curbs
    Alibaba
    Alibaba Group Holding Ltd. experienced a significant setback as its shares tumbled following the announcement that it would halt the spinoff of its cloud division, a decision influenced by recent US chip export restrictions. This move marks a deviation from Alibaba's ambitious overhaul strategy and raises questions about its future growth prospects.
  • Alibaba's Logistics Arm Cainiao Gears Up for Hong Kong IPO
    Alibaba
    Alibaba Group, the Chinese e-commerce behemoth, has unveiled plans to list its logistics subsidiary, Cainiao, on the Hong Kong Stock Exchange. This announcement, as detailed in a regulatory filing on Tuesday, marks a significant step in what is being termed as one of the most transformative restructurings in Alibaba's storied history.
  • Alibaba's Cloud Ambitions Face Uncertainty as CEO Zhang Steps Down
    Alibaba
    In a surprising turn of events, Alibaba's stock took a hit of over 4% in Hong Kong after the sudden departure of the ex-group CEO, Daniel Zhang. This move came merely two months after Zhang had shifted his primary focus to cloud computing, a decision that has now raised eyebrows over the future of the unit's spin-off plan and the potential for internal disagreements at the top echelons of the company.
  • Alibaba Returns to Double-Digit Growth: A True Comeback or Result of Reform?
    SHOPPING LIST
    On the evening of August 10, Alibaba reported impressive financial results, marking the first time in six quarters that the company achieved a revenue growth rate above 10%, specifically 14%. For the three months ending June 30, Alibaba garnered a revenue of 234.2 billion yuan with a net profit of 44.92 billion yuan under non-US GAAP.
  • Alibaba's U.S. Stock Surges Pre-market with Stellar Q1 Earnings and 48% Net Profit Growth
    Alibaba
    After launching its "1+6+N" organizational transformation in March to maximize organizational vitality and productivity, Alibaba presented its first earnings report post-transformation, capturing significant market attention.
  • Jack Ma's Resurgence: The Unveiling of Alibaba's New Era
    Jack Ma
    Jack Ma, Alibaba's elusive architect, re-emerged from retirement to take the reins of the colossal yet placid Alibaba empire, instantly catalyzing a wave of transformations.
  • A New Era for Alibaba: Daniel Zhang Bows Out as CEO to Spearhead Cloud Division; Eddie Wu Steps In
    REVENUE MISS
    In an unexpected corporate reshuffle, Alibaba Group (9988.HK) announced on Tuesday that CEO and Chairman Daniel Zhang will relinquish his roles to concentrate on the firm's cloud business as it moves forward with a plan to break into six independent business units.
  • Alibaba Reports Underwhelming Revenue Growth, Announces Cloud Unit Spin-off
    Fired Alibaba employee suspected of 'forcible indecency', not rape -police
    Alibaba Group Holding Ltd, the Chinese e-commerce giant, unveiled its quarterly revenue, reporting a modest 2% rise that fell short of market predictions. Simultaneously, it announced the board's approval for a spinoff of its cloud-computing arm.
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