Alibaba

In the latest turn of events, Alibaba Group (OTC:BABAF) has put a halt to its plans to spin off its cloud segment, leading to a sharp drop in its market value by $20 billion. This development, triggered by the uncertainties surrounding U.S. export restrictions on AI chips,...

Major U.S. indices were mixed on Thursday with the Dow Jones declining 0.13% to 34,945.47, while the tech-heavy Nasdaq rose 0.07% to 14,113.67. The S&P 500 was also in the green and rose 0.12% to 4,508.24. Transitioning from the general market overview, it’s important to highlight...

Major U.S. indices ended in the green on Thursday with the Dow Jones ending the day 0.47% higher at 34,991.21 and the S&P 500 up 0.16% at 4,502.88. The tech-heavy Nasdaq ended Thursday’s session higher by 0.07% at 14,103.84. Amidst this backdrop, certain stocks stood out, capturing the...

U.S. stocks exhibited a mixed performance towards the market’s close Monday, with the Dow Jones Industrial Average edging up by approximately 50 points. The Dow’s rise by 0.16% to 34,337.33 contrasted with a slight decline in the NASDAQ Composite, which fell 0.22% to 13,767.74. The S...

Belgium’s primary intelligence agency has turned its focus to Alibaba Group Holding Ltd (NYSE:BABA) main European logistics hub. The increased surveillance follows rising concerns of potential espionage, with suspicions that China may be using its escalating economic influence in the West for...

Shanghai unveiled a comprehensive strategy to advance its blockchain technology capabilities through 2025. The city's initiative encompasses a range of areas, including blockchain system security, cryptographic techniques, smart contracts and more. The local government believes these...

U.S. stocks experienced a downward trend as trading neared its close, with the Dow Jones witnessing a decline of over 100 points on Tuesday. The Dow decreased by 0.31%, settling at 34,517.73, while the NASDAQ experienced a drop of 0.23%, closing at 13,678.19. Similarly, the S&P 500 also saw a...

Ant Group, an affiliate company of Alibaba (NYSE: BABA) and parent of Alipay, launched a new blockchain service, ZAN which will be targeting Hong Kong, Singapore, and overseas markets for expanding global Web3 presence. At a Shanghai conference, ZAN CEO, Zhang Hui, disclosed that the new...

Ant Group, an affiliate company of Alibaba Group Holding Ltd - ADR's (NYSE: BABA), announced the addition of four mobile wallets now accepted in the Philippines. The wallets are part of its global cross-border digital payments and marketing solution, Alipay+. The wallets include:...

Alibaba’s Taotian Group, part of its retail platforms, has announced a significant recruitment drive targeting fresh graduates, Business Insider reports. The company has listed over 2,000 job positions across cities like Beijing, Shanghai and Hangzhou. These roles span various sectors,...

In a significant development in the tech industry, Alibaba Group’s (NYSE:BABA) cloud computing division has announced its support for Meta Platform Inc’s (NASDAQ:META) open-source artificial intelligence (AI) model Llama, becoming the first Chinese enterprise to do so, Reuters reports....

Jack Ma, the founder of Alibaba and Ant Group, has seen his net worth drop to just over $30 billion, a significant decrease from his peak wealth of $61.7 billion. This decline has been particularly sharp in the past week, with Ma losing around $4 billion, Fortune reports. Controversy and...

Alibaba Group Holding Limited (NYSE: BABA) shares have plunged over 46% in New York since the year began but could the appointment of Trudy Dai, a founding member of the company, as in charge of domestic e-commerce be a game-changer? Who Is Turdy Shan Dai? Dai, a bachelor’s degree...

Benzinga has examined the prospects for many investor favorite stocks over the past week. Last week's bullish calls included mega-cap tech giants that were in the news. A top consumer staple and an out-of-favor tech company were among the bearish calls seen. Big tech drew plenty of...

Alibaba Group Holdings Ltd -ADR (NYSE: BABA) shares are trading lower Friday amid continued Evergrande default concerns. Evergrande had an $83 million interest payment due Thursday for a bond that’s set to mature in March 2022. The company has not said whether or not it intends to make...