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Tag: Alibaba Group

Alibaba names its CEO to lead e-commerce business to drive growth
Technology

Alibaba names its CEO to lead e-commerce business to drive growth

December 20, 2023

China’s Alibaba Group says its CEO, Eddie Wu, would lead its core e-commerce business as the corporate seeks to spice up development and fend off

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Alibaba’s cloud unit U-turn trims B off its market value
Technology

Alibaba’s cloud unit U-turn trims $20B off its market value

November 18, 2023November 18, 2023

Investors worn out some $20 billion off Chinese e-commerce big Alibaba Group’s market worth on Friday after the corporate scrapped plans to spin off its

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Alibaba shares slide as outgoing CEO quits cloud unit ahead of IPO
Technology

Alibaba shares slide as outgoing CEO quits cloud unit ahead of IPO

September 12, 2023September 12, 2023

Alibaba shares fell over 4% in Hong Kong Monday after the group’s former CEO, Daniel Zhang, left its cloud computing division, a shock transfer that

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Alibaba shares slide 4% as outgoing CEO quits cloud unit
Technology

Alibaba shares slide 4% as outgoing CEO quits cloud unit

September 11, 2023September 11, 2023

Alibaba shares fell over 4% in Hong Kong Monday after the group’s former CEO, Daniel Zhang, left its cloud computing division, a shock transfer that

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China hands 4M fine to country’s largest fintech Ant Group
Technology

China hands $984M fine to country’s largest fintech Ant Group

July 7, 2023July 7, 2023

China’s largest web firm Ant Group obtained a 7.12 billion yuan ($984 million) superb, placing an finish to its regulatory overhaul after a number of

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Alibaba appoints new CEO, chairperson in major reshuffle
Technology

Alibaba appoints new CEO, chairperson in major reshuffle

June 20, 2023June 20, 2023

In a significant administration reshuffle, China’s Alibaba Group on Tuesday introduced it might substitute its prime bosses, in a transfer aimed toward spurring the e-commerce

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Chinese giant Alibaba’s President Evans visits Turkuvaz Media Group
Economy

Chinese giant Alibaba’s President Evans visits Turkuvaz Media Group

January 10, 2023January 10, 2023

Chinese e-commerce large Alibaba President Michael Evans on Sunday paid a go to to Türkiye’s main media group and Daily Sabah mum or dad firm,

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Chinese giant Alibaba’s President Evans visits Turkuvaz Media Group
Economy

Chinese giant Alibaba to invest over $1B in Türkiye

January 8, 2023January 8, 2023

Chinese e-commerce big Alibaba plans to take a position over $1 billion (TL 18.75 billion) in Türkiye, Alibaba President Michael Evans stated throughout a go

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