Page 2 - Alibaba Group

Alibaba Group's value dips below upstart PDD's in landmark for China

Alibaba slid as much as 1.4 per cent in Hong Kong, putting its market value at about HK$1.46 trillion ($187 billion) and on track to close below US-listed PDD Holdings Inc.'s $188.3 billion

Jack Ma calls for fundamental changes in Alibaba, urges course correction

Ma, who has mostly stayed away from day-to-day operations since 2020, stunned employees Wednesday by replying to a staff post on Alibaba's internal forum

Berkshire Hathaway sells remaining 2.46% in Paytm for Rs 1,371 crore

Berkshire's exit comes after a string of selldowns for the firm, including stake cuts by Japanese conglomerate SoftBank Group and the exit of China's Alibaba Group

Jack Ma reverses plan to trim stake after Alibaba share tumble: Report

Ma has not sold a single share in Alibaba, as the stock price has not reached the level the billionaire was seeking

Ant Group receives Chinese government nod to roll out AI services

Bailing will be applied to Ant's various services and help with innovation, Xu Peng, vice president of Ant Group said in a statement on Monday

Alibaba starts restructuring with plan to list logistics arm in Hong Kon

In the months since, the company has approved a process to start external financing for its international commerce arm and was also looking to list its cloud unit

Alibaba Group Holding's revenue beat estimates in first step of comeback

This year, Alibaba enlisted two co-founders to replace Daniel Zhang at the helm and oversee a complicated six-way split of its main businesses from the cloud to local and global e-commerce

Jack Ma's clash with China costs Alibaba Group Holding, Ant $850 billion

Chinese authorities said on Friday they would wrap up a probe into Ant with the financial technology company paying a fine of almost $1 billion

Daniel Zhang to step down as Alibaba CEO, Eddie Wu Yongming to succeed him

Daniel Zhang to focus on Alibaba Cloud Intelligence Group as chairman and CEO; change will take effect September 10

Alibaba plans cloud computing unit spin-off; logistics arms to go public

Alibaba plans to spin-off of its cloud computing business and said on Thursday that its logistics and grocery units will explore initial public offerings as the Chinese e-commerce company kickstarts a restructuring of its operations in hopes of spurring growth. The company in March announced plans to reshape itself into six business divisions with plans to allow all but its core e-commerce business to raise external capital and go public. In an earnings call Thursday, Alibaba CEO Daniel Zhang said that the Alibaba plans to fully spin off its cloud computing unit and complete a public listing in the next 12 months, allowing it to optimise operations, Zhang said. Alibaba's board of directors approved the full spin-off of the cloud computing unit via a stock dividend distribution to shareholders, the company said. Zhang also said that Freshippo, its groceries arm, as well as logistics arm Cainiao, are ready to go public. Alibaba's board has approved plans to begin Freshippo's IPO pro

Alibaba Group misses revenue estimates, approves cloud unit spinoff

Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders

Alibaba Group's global online commerce arm weighs US IPO, says report

The e-commerce giant is in the early stages of consideration and the IPO's size is yet to be determined, the report added

Alibaba's faded rally signals grim outlook as restoring it will be a battle

Alibaba's American Depositary Receipts are now 2.3% below where they were before the e-commerce firm announced its overhaul plan in late March, wiping out as much as 20% in gains

Softbank moves to slash Alibaba stake fueling a $13 billion slump

The contracts give SoftBank the option to buy the shares back, but the group has settled previous deals by handing over the stock

TMS Ep404: Opec+ output cut, Alibaba, gas stocks, mixed reality headset

How will OPEC+ oil output cut affect you? What is happening at Alibaba? How will the unified pipeline tariff impact gas stocks? What is Apple's mixed reality headset? All answers here

China's Alibaba Group sells its entire remaining 3.4% stake in Paytm

At the end of December, Alibaba had 6.26 per cent stake in the firm and it had sold around 3 per cent of it in January

AI integration may soon fundamentally alter how we search on the internet

AI has found its way into a number of industries, from transportation to health. Now it is being integrated with search engines

SoftBank Group reports massive $5.9 bn net loss amid global tech meltdown

There is no respite for SoftBank Group in the ongoing global tech meltdown as the Japanese investment giant on Tuesday reported a massive around $5.9 billion net loss

Prez Xi warns China officials to avoid 'collusion' with big business

He also warned against "any infiltration of capital into politics that undermines the political ecosystem or the environment for economic development"

353 million shares of Zomato change hands on NSE; stock trades firm

According to media reports, Alibaba Group Holding Ltd plans to sell a stake of about 3 per cent in Indian food delivery firm Zomato worth $200 million through a block deal