Alibaba Group

Alibaba's cloud growth highlights China's two-speed economy, tech ambitions

The concerns are well founded in the context of larger general questions about the lack of killer AI apps and solid ways to achieve profitability

Alibaba in talks to acquire Hong Kong office in $900 million deal

Alibaba and its affiliates are currently leasing 10 floors at Times Square in Causeway Bay, with their tenancy set to expire in 2028

Jack Ma returns to 'Make Alibaba Great Again' with AI push, subsidy war

Once China's wealthiest and most prominent tech leader, Ma's comeback has long been awaited as a signal that the country's previously freewheeling tech sector is returning to favour in Beijing

Alibaba to raise $3.2 bn via convertible bonds to fuel cloud, global push

The notes will mature in Sept 2032 via private sale to non-US investors; notes carry no interest but can be converted into US-listed shares, cash or a mix

Alibaba gains $50 billion value after AI progress fuels market rally

China's e-commerce leader posted a triple-digit percentage gain in AI-related product revenue as well as a better-than-anticipated 26 per cent jump in sales from the cloud division

China's Ant Group to sell 4% stake in Paytm for $242 million: Report

Ant, a subsidiary of Alibaba Group, will sell its stake in Paytm at ₹809.75 per share, the report added

Alibaba's Jack Ma wants AI to serve, not replace or rule over humans

The Chinese billionaire, who once likened AI to love, argued that the technology should be tailored to serve people and make their lives better

Companies that spent billions on M&A now selling at knockdown prices

Alibaba Group Holding Ltd. announced Tuesday it's going to sell Chinese department-store chain Intime to a local apparel group for $1 billion. The price is around 30% of the company's valuation

Jack Ma envisions AI-driven future for Ant Group in rare public appearance

Ma, China's best-known tech entrepreneur, publicly criticized Chinese regulators in a speech in October 2020, derailing a massive listing by Ant Group. That was followed by regulatory crackdowns

Alibaba Group combines e-commerce arms to tackle growing competition

Alibaba split into six business units in 2023, in the biggest revamp of its 24-year history

China's Alibaba Group raises $5 billion in dual currency bond deal

The deal is the first time the company has tapped the dollar bond market since 2021, according to data compiled by LSEG, and also the largest corporate bond in Asia Pacific this year

China's Singles' Day wraps up with ecomm firms reporting growth in shoppers

Expectations for sales growth for the festival, which is viewed as a gauge of consumer confidence, were subdued this year as confidence in the world's second-largest economy remains low in the wake

China's e-commerce giant Alibaba group misses Q1 revenue estimates

Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin

LVMH deepens partnership with Alibaba to enhance tech presence in China

The partnership also illustrates the growing focus of the high end luxury brands on improving online shopping

Chinese tech giants cut prices of language models used to power AI chatbots

It was quickly followed by Baidu, which hours later announced that its Ernie Speed and Ernie Lite models would be free for all business users

Emerging from seclusion, Jack Ma voices support for overhaul at Alibaba

Ma, who's still revered by many of the company's 200,000-plus employees, struck a markedly more upbeat tone than just four months ago

Alibaba looks for partners in West Asia as Beijing deepens Gulf ties

Alibaba is trying to stage a comeback after years of government punishment and strategic missteps that cost the e-commerce operator its place as leader of the country's tech industry

Alibaba approves additional $25 bn share buyback as revenue disappoints

Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional USD 25 billion authorisation to its share buyback programme, after reporting lower-than-expected sales revenue for the last quarter of 2023. The company's Hong Kong-traded shares plunged 6.8 per cent on Thursday. Alibaba's New York-listed stock price sank 5.9 per cent on Wednesday and has fallen nearly 26 per cent over the past year. Alibaba posted a 5 per cent increase in sales to 260.3 billion yuan (USD 36.67 billion) in the quarter that ended in December, slightly missing analysts' estimates. Net income sank to 14.4 billion yuan (USD 2 billion), down 77 per cent compared to a year earlier. The Hangzhou, China-based firm attributed the drastic decrease to declining values of its equity investments and falling revenues. Alibaba has struggled to sustain its growth and faces increasing competition in the e-commerce sector from rivals such as Pinduoduo and ByteDance, which operates TikTok and Douyin. On

Alibaba boosts share buy back as revenues miss estimates for Dec qtr

Alibaba is under pressure as consumers in China, have been cutting spending, boosting rival lower-cost domestic e-commerce players such as PDD Holdings

Alibaba considers sale of consumer assets including Freshippo, RT-Mart

Alibaba announced a plan in March to split into six units and explore fundraisings or listings for most of them. It has since filed a Hong Kong listing application for the logistics arm Cainiao in Sep