Inside the crisis at Alibaba: how China’s best-known tech group …
Jan 2, 2024 · Once Asia’s most valuable company, the group has fallen behind rivals amid a chaotic restructuring. Alibaba has suffered a series of regulatory setbacks, U-turns over strategy and declining ...
With Cainiao buyback, Alibaba takes aim at rivals' overseas advance
SHANGHAI, March 28 (Reuters) - Alibaba's (9988.HK) plan to buy full control of its logistics subsidiary rather than spinning it off could signal the Chinese giant is taking competition from...
Alibaba and Tencent: China’s internet giants snap up their own …
Apr 3, 2024 · Alibaba Group (BABA) announced Tuesday that it had bought back $12.5 billion of shares from the US and Hong Kong markets, representing 5.1% of its outstanding shares, in the fiscal year ended...
Alibaba’s restructuring and Jack Ma’s homecoming are all part ... - CNN
Mar 29, 2023 · Hong Kong CNN — Alibaba’s landmark restructuring has sent its shares soaring in New York and Hong Kong, as investors bet on the return of regulatory support for China’s tech industry and...
Alibaba raises $5bn for share buybacks as it warns of AI challenges
May 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 Takes Step Toward Comeback as Growth Finally Returns
Aug 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 was once a Wall Street darling. What's next? - CNBC
Jan 4, 2024 · On the political front, Alibaba was a poster child for China’s crackdown on internet tech companies — receiving a record fine of $2.8 billion for alleged monopolistic behavior in 2021. Slowing...
Alibaba makes second biggest ever quarterly share repurchase …
April 2 (Reuters) - Alibaba Group (9988.HK) 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...
Alibaba leverages cloud business to become a leading AI investor …
May 12, 2024 · Alibaba has become a top investor just as it seeks to monetise its hoard of AI chips. Alibaba Cloud purchased high-end Nvidia graphics processing units, including large orders of the...
Alibaba’s international arm says its new AI translation tool beats ...
1 day ago · Alibaba's fast-growing international unit released the AI translation product as an update to one unveiled about a year ago, which it says already has 500,000 merchant users. Sellers based in one ...