The Latest Breaking News from Alibaba

The FTSE 100 index found positive territory today despite Hong Kong shares falling after Alibaba sales came in below expectations.

Chinese e-commerce company Alibaba Group Holding on Thursday said that it plans to spin-off of its cloud computing unit and that its logistics and grocery units would begin exploring initial public offerings, as the e-commerce firm kickstarts a restructuring process of its businesses aimed at spurring growth

The watchdog said some sellers were charging up to seven times more than other websites for items falsely presented as ‘handmade’.

U.S. Commerce Secretary Gina Raimondo said on Wednesday that Chinese cloud computing companies like Huawei Cloud and Alibaba Cloud could pose a threat to U.S. security and vowed to review a request to add them to an export control list.

The regulatory tightening in China, which started in late 2020, intensified in terms of duration and scope. The Chinese government issued antitrust and antimonopoly laws, putting significant pressure on stocks. Hence, investors could consider avoiding fundamentally weak Chinese stocks The9 Limited (NCTY), Recon (RCON), and ZW Data (CNET), which are…

Chinese tech giants Alibaba and Baidu have announced their own versions of ChatGPT

The Alibaba co-founder will focus on conducting research in finance, agriculture and entrepreneurial innovations with the HKU faculty, with no plans for public lectures or speeches, reports say

Investor sentiment toward China was undercut this week after two significant foreign investors in Chinese stocks announced they were liquidating their Chinese holdings. On Wednesday, European internet giant Prosus NV registered more than $4 billion of its stake in China’s Tencent Holdings (TCEHY ) for potential sale in Hong Kong,...

Alibaba showed off its version of the ChatGPT, demonstrating new software that it plans to roll out across all its platforms eventually. Read further on Dynamite News: