Tag: Alibaba
Alibaba Cancels Cainiao Hong Kong IPO
Alibaba cancelled its intended Hong Kong initial public offering (IPO) for its logistics division, Cainiao. Alibaba intends to pay up to $3.75 billion for Caniao [more…]
Alibaba Cuts Prices of Core Cloud Products by 55%
There is intensifying competition in China’s cloud computing market as several large Chinese competitors have announced price reductions on their primary offerings. Alibaba Cloud, the [more…]
Alibaba Sees Small Revenue Growth, Increased Buybacks
During the October–December period, Alibaba Group Holding Ltd. had a 5% YoY growth in sales, but a 77% YoY decline in net profits. Alibaba announced that, [more…]
Alibaba To Partially Sell Off Stake in XPeng
Alibaba’s Taobao China plans to sell 25 million shares of Xpeng’s American Depositary Shares (ADSs), worth about $391 million, following this news a 7.54 percent [more…]
Alibaba Cancels Plan for Cloud Unit Spinoff
Alibaba Group Holding has declared that it would not move forward with a full spin-off of its cloud computing unit. Citing US export limitations on [more…]
Ant Group Cleared To Release Financial AI Tools
Ant Group’s artificial intelligence (AI) products are now legally available to the general public, following approval from Chinese regulators. The company, which arose from Beijing’s [more…]
Alibaba Cloud is used by 80% of Chinese Tech Companies
With half of the nation’s AI language model businesses and 80% of tech companies already using the platform, Alibaba Cloud is cementing its position as [more…]
Alibaba Hits record in Singles’ Day Festival
Alibaba has 1 million brands and merchants involved in its marketplace promotions for the 11.11 festival, which runs from October 24 to November 11. Content [more…]
Alibaba’s Cainiao Begins Half-Day Delivery
Before the approaching Singles Day shopping festival, Cainiao, the logistics division of Chinese digital giant Alibaba Group Holding Ltd, launched its half-day express delivery service [more…]
