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report on business
Alibaba exec moves to quell staff concern over Jack Ma share sale with internal post
(FILES) The logo of Alibaba is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai on July 6, 2023. Shares in Chinese e-commerce giant Alibaba plummeted on November 16, 2023, after the company said it would cancel the spinoff of its cloud computing arm because of US curbs on exports of advanced chips. Alibaba shares were down eight percent in late morning trade on Wall Street. The company had planned to split the group into six distinct entities, with the intention of taking them public. (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images)
asia-pacific business
Alibaba’s U-turn on cloud unit spinoff wipes some US$20-billion off its market value
The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang
asia-pacific business
China’s Alibaba scraps plans to spinoff cloud unit citing U.S. chip curbs
FILE PHOTO: A man walks past a logo of Alibaba Group at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang//File Photo
report on business
China’s Alibaba says Daniel Zhang quits cloud business in surprise move
FILE PHOTO: Shopping trolley is seen in front of Alibaba logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
investment ideas
U.S. hedge funds dumped shares in Chinese companies in Q2
A man walks past an Alibaba sign outside the company's office in Beijing on April 13, 2021.
international business
Alibaba beats quarterly revenue estimates even as China’s economic recovery sputters
FILE PHOTO: The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang//File Photo
international business
China’s Alibaba and Huawei add products to AI frenzy
The logo of Alibaba is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai on July 6, 2023. (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images)
technology
Alibaba CEO and chairman Daniel Zhang to step down to focus on cloud business
Alibaba Group CEO Daniel Zhang (Zhang Yong) speaks at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/FILE PHOTO
international business
Alibaba misses revenue estimate, approves cloud unit spinoff
FILE PHOTO: The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song/File Photo
report on business
Alibaba to roll out generative AI across apps, Beijing flags new rules
FILE PHOTO: FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo
technology
Chinese tech giant Alibaba reportedly invites businesses to test its AI chatbot
FILE - The logo of Chinese technology firm Alibaba is seen at its office in Beijing on Aug. 10, 2021. The CEO of Chinese e-commerce and financial giant Alibaba said Thursday that the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to optimize the value of its sprawling businesses. (AP Photo/Mark Schiefelbein, File)
investor newsletter
A roadmap for the coming market downturn. Plus, Big Six bank ETFs get cheaper
People walking south on Bay St. as the end of another working day draws near on March 30, 2015. Back in their boom times, independent investment banks were happy when banks focused on lending to established companies because that allowed them to service junior resource clients that the Big Six had never even heard of.
investment ideas
Foreign cash streaming back to China after Alibaba’s plans
Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023.
asia-pacific business
Alibaba considers yielding control of some businesses in overhaul
(FILES) In this file photo taken on April 13, 2021 an Alibaba sign is seen outside the company's office in Beijing. - Chinese e-commerce giant Alibaba on February 24, 2022 said profit in the October-December period fell 74 percent, the company's third straight quarterly drop as it faced myriad challenges including a government crackdown, slowing sales growth and intensifying domestic competition. (Photo by Greg Baker / AFP) (Photo by GREG BAKER/AFP via Getty Images)
asia-pacific business
Alibaba’s plans for major revamp lift hopes that China’s regulatory winter is thawing
FILE PHOTO: A person walks past a sign of Alibaba Group during the World Artificial Intelligence Conference, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, September 1, 2022. REUTERS/Aly Song
inside the market
Market movers: Stocks that saw action on Tuesday - and why
The Reid family harvest their wheat crop around an oil and gas pumpjack near Cremona, Alta., Thursday, Oct. 1, 2020.
asia-pacific business
Alibaba planning to break up empire into six main units, seek IPOs
(FILES) In this file photo taken on April 13, 2021 an Alibaba sign is seen outside the company's office in Beijing. - Chinese e-commerce giant Alibaba on February 24, 2022 said profit in the October-December period fell 74 percent, the company's third straight quarterly drop as it faced myriad challenges including a government crackdown, slowing sales growth and intensifying domestic competition. (Photo by Greg Baker / AFP) (Photo by GREG BAKER/AFP via Getty Images)
asia-pacific business
Alibaba founder Jack Ma returns to China as government tries to allay private sector fears
FILE PHOTO: Jack Ma, billionaire founder of Alibaba Group, arrives at the "Tech for Good" Summit in Paris, France May 15, 2019. REUTERS/Charles Platiau
investment ideas
’Big Short’ manager Burry, Farallon among hedge funds making bets on China
The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021.
technology
Alibaba says it’s developing a ChatGPT-style tool as AI buzz gathers pace
The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang
report on business
Tim Hortons teams up with Alibaba in bid to woo Chinese coffee drinkers
FILE PHOTO: A man walks past a store front poster advertising the opening of a cafe of the Canadian coffee and fast food chain Tim Hortons in Beijing, China, July 6, 2020. REUTERS/Thomas Peter/File Photo
asia-pacific business
Alibaba stays mum on Singles Day sales tally, says in line with 2021
A woman waits for a bus at a bus stop next to an advertisement for Tmall's Singles' Day sale in Beijing, Wednesday, Nov. 9, 2022. China's biggest online shopping festival, known as Singles' Day, is typically an extravagant affair as Chinese e-commerce firms like Alibaba and JD.com ramp up marketing campaigns and engage top livestreamers to hawk everything from lipstick to furniture as they race to break sales records of previous years. (AP Photo/Mark Schiefelbein)
asia-pacific business
Alibaba’s Singles Day shopping event set to end with subdued sales and no fanfare
An advertisement promoting Alibaba's Singles' Day shopping festival is pictured, following the coronavirus disease (COVID-19) outbreak in Shanghai, China, October 22, 2022. REUTERS/Aly Song
asia-pacific business
With Alibaba stake cut, SoftBank’s CEO cools toward China tech
FILE PHOTO: SoftBank Group CEO Masayoshi Son speaks at a news conference in London, Britain, July 18, 2016. REUTERS/Neil Hall/File Photo
asia-pacific business
SoftBank to gain $34-billion from cutting Alibaba stake
FILE PHOTO: The logo Alibaba Group for is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., Aug. 3, 2021. REUTERS/Andrew Kelly/File Photo
asia-pacific business
Alibaba revenue growth flatlines for first time as China’s lockdowns bite
FILE - A woman walks past the offices of Chinese e-commerce firm Alibaba in Beijing on Dec. 13, 2021. Alibaba Group Holding on Thursday, Aug. 4, 2022, beat market expectations for revenue in its quarter ended June, even as revenue was nearly flat and the company continues to grapple with the fallout from increased regulatory scrutiny and slowing economy growth. (AP Photo/Andy Wong, File)
u.s. business
U.S. SEC adds Alibaba to list of companies facing delisting
FILE - The Alibaba logo is seen outside a building in Beijing on Nov. 16, 2021. Alibaba, China’s biggest e-commerce company, said Tuesday, July 26, 2022, that it would apply for a primary listing in Hong Kong. (AP Photo/Ng Han Guan, File)
international business
Billionaire Jack Ma reportedly plans to cede control of China’s Ant Group
FILE PHOTO: Jack Ma, billionaire founder of Alibaba Group, arrives at the "Tech for Good" Summit in Paris, France May 15, 2019. REUTERS/Charles Platiau/File Photo
asia-pacific business
Hong Kong set for billions in inflows from Chinese companies’ listing upgrades
FILE - The Alibaba logo is seen outside a building in Beijing on Nov. 16, 2021. Alibaba, China’s biggest e-commerce company, said Tuesday, July 26, 2022, that it would apply for a primary listing in Hong Kong. (AP Photo/Ng Han Guan, File)
asia-pacific business
Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown
FILE PHOTO: A man walks past a logo of Alibaba Group at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang//File Photo
asia-pacific business
Alibaba shares post worst drop in a month after China data probe report
(FILES) In this file photo taken on April 13, 2021 an Alibaba sign is seen outside the company's office in Beijing. - Chinese e-commerce giant Alibaba on February 24, 2022 said profit in the October-December period fell 74 percent, the company's third straight quarterly drop as it faced myriad challenges including a government crackdown, slowing sales growth and intensifying domestic competition. (Photo by Greg Baker / AFP) (Photo by GREG BAKER/AFP via Getty Images)
asia-pacific business
Chinese tech giants Alibaba and Tencent stocks plunge after latest fines
A woman wearing a face mask walks by the offices of Chinese e-commerce firm Alibaba in Beijing on Dec. 13, 2021. Shares of Chinese technology firms Alibaba and Tencent plunged on Monday, July 11, 2022, a day after Chinese regulators fined their subsidiaries for not disclosing transactions and failing to comply with anti-monopoly rules. (AP Photo/Andy Wong)
jobs
From Meta to Peloton, companies slow hiring as economy sputters
FILE PHOTO: The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo
asia-pacific business
Alibaba’s stock recoups most of its early morning losses after Chinese state media report
The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang
asia-pacific business
Alibaba raises its share buyback program by two-thirds to a record $25-billion
(FILES) In this file photo taken on April 13, 2021 an Alibaba sign is seen outside the company's office in Beijing. - Chinese e-commerce giant Alibaba on February 24, 2022 said profit in the October-December period fell 74 percent, the company's third straight quarterly drop as it faced myriad challenges including a government crackdown, slowing sales growth and intensifying domestic competition. (Photo by Greg Baker / AFP) (Photo by GREG BAKER/AFP via Getty Images)