Alibaba

In a strategic move, Alibaba Group Holding Ltd. (NYSE:BABA) has initiated partnerships with local companies in Saudi Arabia and the United Arab Emirates (UAE) as China strengthens its relations with the Gulf region. What Happened: Alibaba’s President, Michael Evans, revealed the company...

The factories in Shaji, China, have begun to shift their allegiance from Alibaba Group Holding Ltd (NYSE:BABA) to rival e-commerce platforms, citing a decline in Alibaba’s ability to guarantee sales. What Happened: The factories in Shaji, a town in eastern China, have started to list their...

Alibaba Group Holding Ltd (NYSE:BABA) has decided to put the initial public offerings (IPOs) of its logistics arm Cainiao Smart Logistics and brick-and-mortar chain Freshippo on hold due to challenging market conditions. What Happened: Alibaba’s Chairman Joe Tsai announced the decision during...

U.S. stocks ended firmly in the green on Wednesday with the Dow Jones Industrial Average rising 0.4% to 38,677.36 for the day. The S&P 500 rose 0.8% to 4,995.06, while the Nasdaq was higher by 0.95% at 15,756.64. These are the top stocks that gained the attention of retail traders and investors...

U.S. stocks showed positive momentum today, with the Dow Jones index climbing over 140 points. The market saw a broad uptick, with the Dow ending the day up by 0.37% to 38,521.36 while the NASDAQ increased by nearly 0.1% to 15,609. The S&P 500 gained 0.2% to reach 4,954.23. These are the top...

The future of Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) looks increasingly uncertain as options traders foresee a prolonged slump in its stock value. What Happened: Alibaba’s shares have plummeted by 75% from their 2020 peak, dragging its valuation to an all-time low,...

In the past half-year, China has approved over 40 artificial intelligence (AI) models for public use, following the introduction of an approval process. What Happened: The recent surge in AI approvals is part of China’s strategy to rival U.S. AI development. In the latest wave,...

In a significant development, Jack Ma and Joe Tsai have emerged as the top shareholders of Alibaba Group Holding Ltd (NYSE:BABA), surpassing SoftBank Corp (OTC:SFBQF). What Happened: Ma, who retired as Alibaba’s executive chairman in 2019, increased his stake in the company by purchasing...

The U.S. stock market resumed its decline on Tuesday following a one-day closure for Martin Luther King Jr. Day. The major indices were all red at the end of the trading day in New York as investors continued to monitor corporate earnings season and prospects for future interest rates. The S&P...

Alibaba (NYSE:BABA) owned e-commerce platform Lazada has initiated a new series of layoffs in its Southeast Asia operations, with Singapore being the most affected, according to CNBC. What Happened: Lazada, a Singapore-based e-commerce giant owned by Alibaba, has started laying off employees across...

The future of Alibaba Group Holding Ltd (NYSE:BABA) hangs in the balance as the company grapples with a plummeting share price and the withdrawal of its cloud unit’s IPO. What Happened: Alibaba’s shares have sunk below $77, a drastic 75% fall from its $300 value in 2020. The...

In a surprising move, Chinese e-commerce behemoth JD.com Inc (NASDAQ:JD) has disclosed plans for significant salary increments for its workforce in 2024, notwithstanding a volatile Chinese consumer market. What Happened: JD.com is set to nearly double the fixed salaries of its procurement, sales,...

In a recent announcement, Alibaba Group Holding Ltd. (NYSE:BABA) on Wednesday confirmed that its CEO, Eddie Wu, will take over the reins of the company’s primary e-commerce business. This decision comes amidst concerns over the company’s slowing growth and marks a significant change in...

The Hong Kong stock market experienced a downturn driven by worries about the Chinese economic recovery. Electric vehicle (EV) maker Xpeng Inc. (NYSE:XPEV) bore the brunt of the losses following the Alibaba Group (NYSE:BABA) announcement to sell off a substantial portion of its shares in the...

The billionaire founder of China’s artificial intelligence (AI) giant SenseTime, Tang Xiao’ou, has passed away due to undisclosed health issues. What Happened: Tang died on Friday. The cause of death, according to a statement released by SenseTime, was unspecified “health issues...