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The Latest Breaking News from Alibaba

Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle

The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle

The Independent UK

China’s Alibaba sees shares tumble as outgoing CEO quits cloud business

China’s Alibaba sees shares tumble as outgoing CEO quits cloud business

Announcement that Daniel Zhang will not continue to lead cloud business takes markets by surprise.

Alibaba Group Holding (BABA): Buy or Sell September 2023?

Alibaba Group Holding (BABA): Buy or Sell September 2023?

Alibaba Group Holding's (BABA) business momentum, strategic reorganization, robust financials, and extended partnerships suggest a favorable outlook for sustained growth. So, should you buy or sell BABA this September? Let’s look at its financial metrics to gauge its prospects….

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Chinese GPU Companies See AI Opportunities, Despite Nvidia: Report

U.S. restrictions for AI and HPC hardware sales to Chinese entities open doors for People's Republic's GPU developers.

Tom’s Hardware

Microsoft is still blocking some of its biggest customers from running Windows apps

Microsoft changed its terms earlier this month to permit its apps on Amazon WorkSpaces - but Google and Alibaba miss out.

China just took another step forward in the A.I. arms race, as Alibaba releases a new chatbot

The models can identify images rather than text, for uses like writing photo captions and assisting the blind.

What happened to the once-mighty Japan, Inc.?

Japan's Mitsubishi Corporation used to be the world's largest company by revenue. Now it's No. 46.

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2 Chinese Stocks to Buy Now, Despite Economic Growth Concerns

2 Chinese Stocks to Buy Now, Despite Economic Growth Concerns

While China's economic growth has disappointed in 2023, Alibaba and Xpeng Motors are two attractively priced Chinese stocks worth buying at current levels.

3 Mega-Cap Tech Stocks with More Than 20% Upside Potential

3 Mega-Cap Tech Stocks with More Than 20% Upside Potential

The tech sector has had a breakout year already, but analysts are still looking for significant upside from a few notable big-cap names. Here's a look at what Wall Street is expecting from Alibaba, Advanced Micro Devices, and Taiwan Semiconductor.

Is Smart Money Watching Alibaba Group Holding (BABA)?

Is Smart Money Watching Alibaba Group Holding (BABA)?

Chinese e-commerce giant Alibaba Group Holding (BABA) has topped topline estimates for the last quarter and could attract attention from smart money. Does this mean the stock is a buy now? Let’s look at its financial metrics to gauge its prospects….

Chinese Companies Spend $5 Billion on Nvidia GPUs for AI Projects

Chinese Companies Spend $5 Billion on Nvidia GPUs for AI Projects

In a race to hoard computing power, Chinese Big Tech companies Baidu, ByteDance, and Alibaba have already ordered $1 billion-worth of Nvidia GPUs this year - and have added an extra $4 billion for purchases to be delivered throughout 2024.

Tom’s Hardware

China’s Internet Majors Downsize to Weather Business Headwinds

China’s Internet Majors Downsize to Weather Business Headwinds

Survey finds that six of the 10 biggest players slashed payrolls last year, including Tencent, Meituan and Alibaba

India or China? How to invest in the coming Asia boom

India or China? How to invest in the coming Asia boom

NEW DELHI/BEIJING: Money managers are navigating an historic shift: India’s population, at 1.43 billion, edged past China’s this year.

The Times of India

Are Investors Interested in Buying or Selling Alibaba Group Holding (BABA) This Month?

Are Investors Interested in Buying or Selling Alibaba Group Holding (BABA) This Month?

Years-long regulatory scrutiny on Alibaba’s (BABA) affiliate Ant Group recently ended with a fine, indicating that Beijing is wrapping up its crackdown on tech firms. Moreover, the e-commerce giant’s prospects look promising with new offerings and strategic partnerships. But as the company missed its fourth-quarter revenue estimates, let’s find out…

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3 Undervalued Tech Stocks to Buy in August

Tech stocks have rallied impressively in 2023 - but Amazon, Alibaba, and PayPal are still well below their all-time highs. Is now the time to buy?

The Independent UK

Men sentenced for selling unauthorised Covid-19 tests during pandemic

Ron Huss-Smickler, 41 from Birmingham, and Steven Lawrence Beckford, 39 from Edgbaston, bought the non-certified coronavirus tests from Alibaba.

4 Reasons to be Bullish on Alibaba Stock

Alibaba has been underperforming the markets since late 2020, but the stock looks attractive at these levels as China vows to support the country's economy, as well as the tech sector.

The Guardian - UK

The growing list of Chinese elites who disappear but later resurface subdued

Foreign minister Qin Gang’s mysterious absence and replacement follows a pattern of falls from grace for rising stars

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Chinese Kit Converts Classic VW Beetle To Electric For Just $2,000

The classic Volkswagen Beetle from the 1960s and 1970s was powered by an air-cooled four-cylinder engine that made roughly 40 horsepower when new.

The Independent UK

Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program

Chinese e-commerce giant Alibaba has said it will not sell any shares in its one-third shareholding in financial technology company Ant Group Co_ because it wants to retain its stake in an “important strategic partner.”

How is Alibaba (BABA) Holding up as We Near July End?

With the possibility of regulatory scrutiny coming to an end, is Chinese tech giant Alibaba Group (BABA) a buy after the launch of its generative AI tool? Let’s take a look at its financial metrics to gauge its prospects….

China just gave the world a blueprint for reigning in generative A.I.

China’s top internet regulator released new regulations governing generative A.I. that address some of the technology’s most pressing issues.

Jack Ma, once Asia’s richest person, has seen more than half of his $61 billion fortune wiped out in the past 3 years

Beijing cracked down on the companies Ma founded after he publicly criticized Chinese regulators.

Shopping the next frontier for TikTok

JAKARTA: Inside a shophouse in Northeast Jakarta, dozens of salespeople take turns peddling cosmetics, contact lenses and hair accessories. A woman helps a potential customer choose the right shade of lipstick for her skin tone, while a man yells out the latest markdown on vitamin tablets.

Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

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