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The Latest Breaking News from Daniel Zhang

Over the last two years, the e-commerce giant Alibaba (BABA) was hit by heavy regulatory scrutiny, brutal competition, and China’s slowing economy. But the stock got a lift this year after the nation’s Covid reopening and easing of regulatory woes. Furthermore, the company announced a restructuring plan designed to enhance…

StockNews.com

Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

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 Independent UK

Stocks Nudge Higher, Fed Minutes, Delta Earnings, Harley-Davidson, Alibaba Stake Sale - Five Things To Know

Stock futures nudge higher with earnings in focus; Fed minutes note recession risk, 'highly uncertain' bank crisis impact; Delta earnings on deck as carriers warn on surging costs; Harley Davidson shares slide as CFO Goetter leaves to join Hasbro and Softbank reportedly preparing to dump major stake in Alibaba.

The Street

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Alibaba showcases its ChatGPT-style service

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:

Dynamite News

SenseTime, Alibaba announce China ChatGPT competitors

SenseTime and Alibaba both announced new A.I. services in an effort to catch up to OpenAI's offerings.

Fortune

Alibaba enters ChatGPT fray with AI speaker and office chat software

Alibaba Group Holding Ltd. will integrate its new artificial intelligence model in Amazon Echo-like smart speakers as well as office chat software, joining the race to offer a competitor to ChatGPT for the Chinese market.

Irish Independent

Alibaba Considers Yielding Control of Some Businesses in Overhaul

Alibaba Group said on Thursday it will look to monetize non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares. Group CEO Daniel Zhang said the company's breakup into separate businesses will allow…

Asharq Al-Awsat

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China e-commerce giant Alibaba outlines future strategy

The CEO of Chinese e-commerce and financial giant Alibaba says the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to unlock the value of its sprawling businesses

The Independent UK

Alibaba Stock Soars As Company Launches Massive Reorganization, Splits Into Six Units

In a groundbreaking move, Alibaba will split into six different companies that will operate independently and are free to raise funds.

Investors Business Daily

Alibaba to split into 6 groups, separate IPOs expected

Beijing (AFP) - Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date.

AFP

Alibaba to Split in 6 and Seek Possible IPOs; Stock Surges

'At 24 years of age, Alibaba is welcoming a new opportunity for growth,' Daniel Zhang, CEO of the e-commerce giant, says.

The Street

Stocks Slip, Barr Testimony, Lyft Leaps, Occidental Buffett Boost, Alibaba Plans Split - Five Things To Know

Stock futures slip lower as bank sector worries clip sentiment; Fed supervisor Barr to face Senate lawmakers on SVB collapse; Lyft shares leap as founders step aside for new CEO David Risher; Occidental shares jump as Warren Buffett adds more shares to holding and Alibaba shares spike on plans to…

The Street

Alibaba to split into six units

Alibaba Group Holding Ltd has announced plans to split its $220-billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or an initial public offering (IPO) when the time is right.

Bangkok Post

China Internet Stocks Buffeted By Tough Challenges, Slowing Growth

China internet stocks, including Alibaba, JD.com and Tencent, are facing a long list of challenges that have slowed revenue growth.

Investors Business Daily

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The Independent UK

Man gets 18-month term for sex assault of Alibaba employee

A Chinese court has sentenced a man to 18 months in prison after an Alibaba employee went public about being sexually assaulted at a business dinner

Benzinga

Alibaba Names Proven Leader As New Lazada Chief

Alibaba Group Holding Limited (NYSE:BABA) replaced Lazada Group CEO Chun Li with the head of its Thailand business, signifying brewing competition in Southeast Asia, Bloomberg reports. Lazada's new leader James Dong was also a one-time business assistant to Alibaba CEO Daniel Zhang before joining Lazada as its CEO for Thailand in 2018. In…

Benzinga

Alibaba Continues Restructuring; CEO Daniel Zhang Steps Down From Tmall, Taobao

Alibaba Group Holding Ltd (NYSE:BABA) Chair and CEO Daniel Zhang stepped down as Chairman and General Manager of Zhejiang Tmall Technology Co., Ltd. and Taobao (China) Software Co., Ltd, the Pandaily reports. Trudy Dai will succeed Zhang. There are currently 16 companies under Zhang’s name, six of which he holds the position…

Benzinga

Here's What Happened Between China Regulator And Alibaba, Tencent

The Cyberspace Administration of China (CAC) said its official publication had carried out interviews with companies like Tencent Holdings Ltd (OTC:TCEHY), Alibaba Group Holding Ltd (NYSE:BABA), and TikTok parent ByteDance, Reuters reports. The interviews followed the January 28 meeting held with 27 firms to discuss "healthy and sustainable" development. Tencent founder and CEO Pony Ma…

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Asharq Al-Awsat

Hologram of IOC’s Bach Hands over ‘Torch’ in Virtual Relay

After days of face to face diplomacy at the Beijing 2020 Winter Olympics, it was time for the holograms to take over on Sunday. A life-size image of International Olympic Committee president Thomas Bach virtually handed an Olympic torch to a similar hologram of the chief executive of tech giant…

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