Hints and tips:
...Robin Zhu of Bernstein noted that the “buybacks suggest management is more optimistic than the market”....
...“Initiatives they’ve carried out so far have yet to halt the market share slide,” noted Bernstein’s Robin Zhu....
...ByteDance insourcing its domestic cloud workloads,” said Zhu....
...“Jack Ma selling is unhelpful for sentiment,” Zhu added....
...Once you’re in, you’re in — it’s almost impossible to get out,” said Zhu Ning, professor at the Shanghai Advanced Institute of Finance and author of China’s Guaranteed Bubble....
...Zhang took over from Alibaba’s charismatic co-founder Jack Ma as chief executive in 2015, and as chair in 2019....
...But Zhu cautioned that the shifting regulatory tide would not lift all boats in Chinese tech....
...ByteDance insourcing its domestic cloud workloads,” said [Bernstein analyst Robin] Zhu....
...He will next month hand the reins to Jack Ma acolyte Eddie Yongming Wu....
...“Most investors don’t generally view what JD did with the spin-offs as unlocking significant value,” said Zhu....
...We expect Temu to offer stiff competition for Shein across global markets,” said Bernstein analyst Robin Zhu....
...“Jack Ma and Wang Jian are both my favourite people to chat with,” Li wrote when he was governor of Zhejiang....
...Alibaba’s quarterly revenue has fallen for the first time since its 2014 New York listing after the ecommerce group co-founded by Jack Ma suffered from China’s brutal Covid-19 lockdowns....
...With rising competition from telecoms and Huawei, Tencent and Alibaba are shifting away from low value-add private cloud work, said Robin Zhu, China internet analyst at Bernstein....
...The above is an adapted abstract of Harvard Business School’s teaching case study EbonyLife Media, written by Andy Wu, Feng Zhu, Wale Lawal and Pippa Tubman Armerding...
...Robin Zhu, an analyst at Bernstein, pointed to Alibaba’s slow growth and declining margins as reasons for concern....
...Thank you for reading our Business School Briefing — Wai Kwen Chan and Andrew Jack....
...The ecommerce group founded by Jack Ma more than two decades ago has been under pressure since Ma criticised Chinese regulators in a Shanghai speech last year that led to the suspension of sister company...
...Chinese authorities have dropped charges against a former Alibaba manager accused of sexually assaulting a subordinate, ending a case that had provoked a backlash from the country’s #MeToo movement against Jack...
...Many of China’s business elites — including tech titans such as Jack Ma, have homes in Hong Kong....
...But the brunt of Beijing’s forced restructuring of Jack Ma’s fintech may be felt in the coming quarters....
...The $2.8bn penalty, which was set at 4 per cent of Alibaba’s 2019 revenues, concludes an antitrust investigation into the company founded by Jack Ma....
...Any push to roll such a programme out nationwide would hit Meituan’s cost structure, Zhu said....
...Financial services is another area of contention, as Jack Ma’s ill-fated speech clearly showed....
...Alibaba suffered slowing growth in its core business in the final quarter of last year as Jack Ma’s internet shopping empire faced a tightening regulatory outlook....
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