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...Alibaba and SenseTime are among the top Chinese groups to have secured deals worth hundreds of millions of dollars with Saudi Arabia over the past three years, in exchange for setting up joint ventures in...
...Xiaohongshu, which translates to “little red book”, has big-name backers including Alibaba, Tencent, GGV Capital and the former Sequoia China venture capital firm HongShan....
...Alibaba had once hoped to take Cainiao public at a $20bn valuation but struggled to find much interest amid a deep market downturn in Hong Kong....
...Hong Kong-listed shares in Chinese electric vehicle maker Xpeng tumbled as much as 8 per cent on Thursday, following Alibaba’s decision to trim its stake in the Tesla rival....
...PDD Holdings overtook Alibaba in December as the most valuable domestic ecommerce group....
...Alibaba’s cloud division has launched another sweeping price cut for cloud computing as the group attempts to restore faltering growth in a key business unit....
...Alibaba has pledged to step up share repurchases after revenue growth slowed more than analysts expected in the fourth quarter....
...The Hang Seng index shed 1.4 per cent as Alibaba, one of its largest constituents, experienced a sharp sell off following a disappointing earnings announcement....
...Alibaba Group”....
...“Merchants are leaving Alibaba and so are customers.”...
...Dai will help form a new asset management company, Alibaba said....
...Shares in Alibaba tumbled after the company announced it had cancelled plans to spin off its cloud computing unit and paused a push to list its grocery chain....
...Sales doubled in the September quarter, and net income rose 47 per cent, as it ate into Alibaba’s market share. But Alibaba’s own weaknesses are the main explanation for the change in its ranking....
...PDD overtaking Alibaba “was a real wake-up call for Alibaba”, said one person close to management. “People were really upset, but now Alibaba is thinking how do we deal with this,” they added....
...They also point out that Alibaba’s cloud business has been slowing....
...Thursday’s announcement came as Alibaba’s third-quarter results fell below analyst estimates....
...Hong Kong’s Hang Seng index dropped 2 per cent, weighed by a 9.9 per cent plunge in the shares of Chinese tech group Alibaba following the cancellation of a plan to spin off its cloud business....
...Alibaba declined to comment....
...Alibaba has previously said that it would invest in a new $1bn tech fund founded by Zhang....
...Alibaba also said it had put listing plans for its grocery chain Freshippo on hold as it “evaluate[s] market conditions”. Alibaba’s US-listed shares fell 10 per cent at the open in New York....
...“Alibaba was the symbol of China’s crackdown on internet companies....
...Alibaba, meanwhile, appears to be feeling the heat from its rival....
...Alibaba announced in March that it would break up its business empire, which spans across ecommerce and entertainment and has a market capitalisation of $230bn. Read more about Alibaba here....
...(Ethan Wu) The strange case of Alibaba A little less than 10 years ago, when the Chinese ecommerce company Alibaba was about to launch its IPO, my colleague Lucy Colback and I wrote a longish piece about...
...The largest, such as Tencent and Alibaba, are highly liquid and still growing....
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