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The Latest Breaking News from Eddie Wu

Despite £42 Billion AI Investment Commitment, Alibaba's Stocks Sees 10% Drop This Week

For industry observers, Alibaba's lack of specificity has left investors feeling uncertain, raising more questions than answers.

International Business Times UK

China tech firms like Alibaba and Lenovo are rallying on DeepSeek hype and AI’s ‘once every several decades’ opportunity

China’s tech earnings this week now give an early glimpse into how its tech CEOs are thinking about DeepSeek.

Fortune

Stock Market Today: Growth Concerns Drag on Stocks

Forward-looking commentary from a major retailer outweighed its backward-looking results as all three major equity indexes retreated on Thursday.

Kiplinger

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Jack Ma Breaks Silence, Endorses Alibaba's Restructuring Efforts

Jack Ma breaks years of silence to endorse Alibaba's comprehensive restructuring, praising the company's leadership.

International Business Times

Alibaba reports mixed results, plans share buyback to boost growth

Alibaba reports mixed results with strong growth in China E-Commerce, increased share buyback program, and focus on improving user experience. Asian equiti...

Top News

Alibaba is replacing its e-commerce head after just nine months in the job as it tries to beat back Pinduoduo- and Temu-owner PDD

Eddie Wu, Alibaba Group CEO, is now taking direct control over the tech giant's e-commerce division.

Fortune

China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo

The Independent UK

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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

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

Al Jazeera

Alibaba's Daniel Zhang Exits Chinese Internet Giant Entirely

Alibaba Group said former CEO Daniel Zheng has unexpectedly left the Chinese internet giant's cloud unit as well.

Investors Business Daily

Stock Market Claws Back At Midday; AI Robotics Stock Takes A Break

The major indexes trimmed earlier losses in today's stock market. Filtration stock rallies after analysts' coverage and is a recent IPO.

Investors Business Daily

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies

People

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