Alibaba raises $5bn for share buybacks as it warns of AI challenges
WEBMay 24, 2024 · Alibaba is raising $5bn from issuing convertible bonds, calling into question the Chinese ecommerce group’s ability to tap its huge cash piles to repurchase shares.
Alibaba, JD and Meituan Surge After China Stimulus Announcement
WEB1 day ago · Consumer tech firms were swept up in a buying spree that extended across sectors on bets that Beijing’s wide-ranging new policies will have the desired effect. Meituan and JD rose more than 20% in Hong Kong trading across Thursday and Friday, marking each firm’s best two-day performance since 2022, while Alibaba rose …
Alibaba looks on course for a turnaround amid renewed investor …
WEB1 day ago · State news agency Xinhua this week published an article lauding Alibaba's latest milestone, ranking No 8 on US media company Fortune's 10th annual Change the World list for using AI to help ...
Alibaba shares jump after founder Jack Ma reemerges with praise …
WEBApr 10, 2024 · Alibaba, whose business spans everything from e-commerce to cloud computing, has seen billions of dollars wiped off of its value in the past few years, thanks to tougher regulation from Beijing...
Alibaba, Tencent rally as Beijing stimulus plans push China's tech ...
WEBAug 28, 2024 · Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year. It comes after China’s central bank announced measures to stimulate ...
Alibaba names new chairman and CEO in major shakeup
WEBJun 20, 2023 · Hong Kong CNN — Alibaba is replacing Daniel Zhang as chairman and CEO as the Chinese tech giant undergoes the biggest shakeup in its history. Joseph Tsai, executive vice chairman and a...
Alibaba CEO Daniel Zhang explains why he is stepping down in …
WEBJun 20, 2023 · Outgoing Alibaba CEO and Chairman Daniel Zhang will step down in September. Company veteran Eddie Wu will succeed him as CEO, while Joe Tsai will take over as chairman. Zhang will remain CEO of ...
Alibaba Takes Step Toward Comeback as Growth Finally Returns
WEBAug 10, 2023 · Alibaba Group Holding Ltd. returned to growth across all its main divisions, defying China’s economic turbulence to take a first step toward a long-awaited comeback after more than a year of ...
Alibaba Names Tsai Chairman, Wu CEO in Surprise Shake-Up
WEBJun 20, 2023 · Eddie Wu, now chairman of Alibaba’s core Taobao and Tmall online commerce divisions, will take over as chief executive of the $240 billion company.
Alibaba makes second biggest ever quarterly share repurchase …
WEBApr 2, 2024 · Alibaba Group has bought back shares worth $4.8 billion in the quarter ended March, the Chinese e-commerce giant said on Tuesday, in its second biggest-ever repurchase after beefing up its...