Jack Ma, founder and executive chairman of Alibaba Group in Shanghai China on Dec. 5th, 2017. Justin Solomon | CNBC Alibaba founder Jack Ma held off on plans to trim his stake in the Chinese e-commerce giant after the share price fell. Ma has not sold a single share, Alibaba’s Chief People Officer Jane Jiang … Read more
Shares of Chinese tech giant Alibaba tumble on Sept. 11, 2023 after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business. Bloomberg | Bloomberg | Getty Images Chinese e-commerce giant Alibaba saw $20 billion wiped off its market capitalization … Read more
Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images U.S.-listed shares of Chinese e-commerce giant Alibaba slid Thursday after it announced it would not proceed with the full spinoff of its cloud group due to U.S. chip export … Read more
An undated conceptual illustration of China’s technology aspirations. Yaorusheng | Moment | Getty Images Chinese technology giants including Alibaba and Tencent are among backers of Zhipu, the company said on Friday, an artificial intelligence start-up the country is hoping can be an answer to American firm OpenAI. Zhipu has raised more than 2.5 billion Chinese … Read more
Signage on the Alibaba Group Holding Ltd. sales space on the Sensible China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Photographs Alibaba must be “person first” and “AI-driven,” new CEO Eddie Wu instructed staff on Tuesday, as he laid out the strategic priorities for the Chinese language … Read more
Certain, I was such as you, up all night time paging by means of Instagram or TikTok. That’s nice for inexperienced persons, however I’ve moved on to the hardcore stuff. Nowadays, once I’m passing time on my cellphone, you’ll discover me scrolling AliExpress. For the uninitiated, AliExpress is kind of like Amazon or eBay in … Read more
Alibaba’s Hong Kong-listed shares jumped 4% on Monday morning. Qilai Shen | Bloomberg | Getty Photographs Inventory Chart IconStock chart icon Efficiency of Alibaba’s Hong Kong-listed shares In March, Alibaba introduced a significant restructuring of its companies, which some analysts recommended might sign that the Chinese language authorities might loosen its grip on the home … Read more
The emblem of the Alibaba workplace constructing is seen in downtown Huangpu District in Shanghai, China, June 16, 2023. Costfoto | Nurphoto | Getty Photographs Alibaba Group stated in a shock announcement Tuesday Eddie Wu will succeed Daniel Zhang as its chief govt. The succession plan comes after China’s largest ecommerce firm stated in March … Read more
Alibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen through the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty Photos Alibaba introduced plans to spin off its cloud division as a separate, publicly traded firm, whereas the Chinese language e-commerce titan’s quarterly income missed expectations. “We’re taking … Read more