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 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 Takes Step Toward Comeback as Growth Finally Returns
WEBAug 11, 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 makes second biggest ever quarterly share repurchase …
WEBApr 2, 2024 — Alibaba Group has bought back shares worth $4.8 billion in the quarter ended March, the Chinese e-commerce giant said on Tuesday, in its second biggest-ever repurchase after beefing up its...
Alibaba, JD and Meituan Surge After China Stimulus Announcement
WEBSep 27, 2024 — (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 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 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’s new CEO embraces AI and wants a younger …
WEBSep 12, 2023 — Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious...
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 CEO Daniel Zhang explains why he is stepping down in …
WEBJun 20, 2023 — Outgoing Alibaba CEO and Chairman Daniel Zhang will step down in September. Company veteran Eddie Wu will succeed him as CEO, while Joe Tsai will take over as chairman. Zhang will remain CEO of ...