Alibaba to Offload Grocery, Hypermarket Chains in E-Comm Push

The proposed sell-off of Freshippo and RT-Mart comes amid Alibaba's restructuring and China's tightened scrutiny of IPOs

4 weeks ago

Jack Ma Snaps Up Alibaba Stock to Become its Largest Shareowner

Along with Ma, Alibaba chairman Joe Tsai also purchased about $151 million worth of Alibaba's US-traded shares

1 month ago

Slower Nvidia Chip Out in Q2 But China Firms ‘Don’t Want It’

China's Alibaba and Tencent have reportedly told Nvidia that they will be switching to domestic firms such as Huawei for…

2 months ago

Alibaba Shuts Down Quantum Computing Lab Amid Restructuring

The closure of the lab is the latest internal change at Alibaba, which surprised investors earlier this month by scrapping…

3 months ago

Ma Alibaba Stock Sale, Cloud Unit Listing Axe a ‘Coincidence’

Just hours before the firm pulled its cloud unit’s listing, it had emerged Ma's family trust intended to sell 10…

3 months ago

Shock Reversal on Cloud Unit Wipes $20bn Off Alibaba Shares

"The shelving is a surprise and makes us wonder if there are issues behind the scenes that we aren't aware…

3 months ago

Alibaba Pulls Plug on Cloud Unit Spin-Off Over US Chip Curbs

The e-commerce outfit had unveiled plans in March to list its cloud business as part of the biggest restructuring in…

3 months ago

Huawei, Tencent Lead China Cybersecurity Patents Push – Nikkei

Patent applications filed by Chinese companies have surged in the last five years since the US began its tech curbs…

4 months ago

Nvidia May See $5 Billion Hit From Early China Chip Curbs – WSJ

Chinese tech giants, including Alibaba, ByteDance and Baidu, had placed orders worth billions for 2024 and Nvidia had planned to…

4 months ago

Alibaba’s Main Logistics Hub in Europe ‘Suspected Of Spying’

The Belgian security service is monitoring Alibaba’s operations, with scrutiny on software systems that collate sensitive data and the need…

5 months ago

Alibaba Break-Up Gets Underway With Cainiao Listing Move

The logistics unit’s launch would make it the first to be split off since the Chinese e-commerce giant announced its…

5 months ago

New Alibaba CEO Wants Focus on AI, ‘Young Employees’ At Helm

Eddie Wu, a long-time lieutenant of former Alibaba chief Jack Ma, takes charge of the company amid its biggest organisational…

6 months ago