Alibaba Takes Step Toward Comeback as Growth Finally Returns
WEBAug 10, 2023 · Alibaba Group Holding Ltd. returned to growth across all its main divisions, defying China’s economic turbulence to take a first step toward a long-awaited comeback after more than a year of ...
Alibaba shares jump after founder Jack Ma reemerges with praise …
WEBApr 10, 2024 · Alibaba, whose business spans everything from e-commerce to cloud computing, has seen billions of dollars wiped off of its value in the past few years, thanks to tougher regulation from Beijing...
Alibaba CEO to step down to focus on cloud business in surprise ...
WEBJun 20, 2023 · Alibaba Group said in a surprise announcement Tuesday Eddie Wu will succeed Daniel Zhang as its chief executive, a move that will free Zhang to focus on the company’s cloud intelligence business ...
Alibaba names new chairman and CEO in major shakeup
WEBJun 20, 2023 · Hong Kong CNN — Alibaba is replacing Daniel Zhang as chairman and CEO as the Chinese tech giant undergoes the biggest shakeup in its history. Joseph Tsai, executive vice chairman and a...
Alibaba Group CEO consolidates control of core businesses with new …
WEBSHANGHAI, Dec 20 (Reuters) - Alibaba Group (9988.HK) said on Wednesday its chief executive would directly oversee its domestic e-commerce arm, with the unit's previous head turning her focus to...
Alibaba shares rally 6% after massive earnings beat - CNBC
WEBFeb 23, 2023 · Around $600 billion has been wiped off the value of Alibaba since its peak in October 2020, as a tightening regulatory environment on tech companies in China along with strict Covid-19...
Alibaba raises $5bn for share buybacks as it warns of AI challenges
WEBMay 24, 2024 · Alibaba is raising $5bn from issuing convertible bonds, calling into question the Chinese ecommerce group’s ability to tap its huge cash piles to repurchase shares.
Alibaba leverages cloud business to become a leading AI investor …
WEBMay 12, 2024 · Alibaba has been leveraging its vast cloud computing infrastructure to become a leading investor in China’s generative artificial intelligence start-ups, offering them credits to use the scarce...
Alibaba, JD and Meituan Surge After China Stimulus Announcement
WEB5 days ago · (Bloomberg) -- Alibaba Group Holding Ltd., JD.com Inc. and Meituan enjoyed their best trading days in years after the Chinese government announced measures to stimulate the troubled domestic economy. Consumer tech firms were swept up in a buying spree that extended across sectors on bets that Beijing’s wide-ranging new policies will …
Alibaba’s New CEO Elevates AI to Top Priority in Revamp
WEBSep 12, 2023 · Alibaba Group Holding Ltd. will put artificial intelligence and user experience at the top of its priorities, as its new leadership seeks to reclaim customers and market share in a fiercely ...