Alibaba

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...

The U.S.-traded shares of XPeng Inc. (NYSE: XPEV) experienced a notable decline on Friday, following Alibaba Group Holding Limited's (NYSE: BABA) announcement to reduce its stake in the Chinese electric vehicle (EV) manufacturer.  Alibaba's decision comes as it...

Major U.S. indices were in the green on Wednesday with the Dow Jones rising 1.4% to 37,090.24, the S&P 500 gaining 1.37% to 4,707.09 and the tech-heavy Nasdaq appreciating 1.38% to 14,733.96. On the same day, Federal Reserve Chair Jerome Powell signaled a peak in interest rates and foresaw cuts...

The recent frenzy surrounding the stock options of PDD Holdings (NASDAQ:PDD) has raised eyebrows among market observers. The latest developments suggest that a considerable portion of investors are betting on a bearish market sentiment. What Happened: Whales, or wealthy investors, have shown a...

In a recent interview, Charlie Munger, the late vice chairman of Berkshire Hathaway (NYSE:BRK), shared his insights on the investment in Alibaba Group Holding Ltd (NYSE:BABA). Munger’s comments come as a significant highlight, considering his renowned investment philosophy and the performance...

Alibaba Group Holding Ltd.’s (NYSE:BABA) co-founder, Jack Ma, has urged the company to alter its course of operations, as per an internal memo. He also expressed admiration for the strategic decisions made by a rival company, PDD Holdings Inc (NASDAQ:PDD). What Happened: Ma, took a step back...

The recent decision by Alibaba Group Holding Limited (OTC:BABAF) to cancel the spinoff of its cloud business was met with mixed responses from investors. What Happened: As reported by CNBC, Morgan Stanley scratched Alibaba from its top pick in the internet sector, pointing to the unexpected cloud...