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Tag: shares

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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