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  • Alibaba considers yielding control of some businesses in overhaul March 30, 2023 11:50 AM IST

    Alibaba considers yielding control of some businesses in overhaul

    Group CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO).

  • Bank relief and Alibaba plans nudge Asian stocks higher March 30, 2023 09:05 AM IST

    Bank relief and Alibaba plans nudge Asian stocks higher

    MSCI's broadest index of Asia-Pacific shares outside Japan gained for a third day in a row, rising 0.3%. It is eyeing two consecutive quarters in the green for the first time since the middle of 2021.

  • Alibaba restructuring to enhance decision-making, CEO Daniel Zhang says March 30, 2023 06:12 AM IST

    Alibaba restructuring to enhance decision-making, CEO Daniel Zhang says

    Daniel Zhang's comments come two days after Alibaba announced its largest restructuring in the company's history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs.

  • Splitting up an empire: Here are Alibaba’s six main businesses March 29, 2023 09:09 AM IST

    Splitting up an empire: Here are Alibaba’s six main businesses

    Alibaba Group Holding Ltd. is splitting its $220 billion empire into six business units as part of a massive restructuring that will free up its various divisions to operate with far greater autonomy.

  • Alibaba’s $32 billion day signals breakups for China tech March 29, 2023 09:05 AM IST

    Alibaba’s $32 billion day signals breakups for China tech

    China’s online commerce leader surprised markets by announcing Tuesday plans to split its $220 billion empire into six units that will individually raise funds and explore initial public offerings.

  • Asian stocks rally as banking anxiety eases; Alibaba surges March 29, 2023 08:22 AM IST

    Asian stocks rally as banking anxiety eases; Alibaba surges

    MSCI's broadest index of Asia-Pacific shares outside Japan was 0.82% higher, while Japan's Nikkei advanced 0.49%.

  • Alibaba shares soar after historic overhaul heralds IPO wave March 29, 2023 07:07 AM IST

    Alibaba shares soar after historic overhaul heralds IPO wave

    The move frees up the Chinese company’s main divisions from e-commerce and media to the cloud to operate with far more autonomy, laying the foundation for future spinoffs and market debuts.

  • Alibaba says will split into 6 groups, separate IPOs expected March 29, 2023 08:48 AM IST

    Alibaba says will split into 6 groups, separate IPOs expected

    Daniel Zhang, the company's chairman and CEO, said in a statement that the restructuring would enable each separate business to pursue its own fundraising and public listing plans.

  • Alibaba founder Jack Ma returns to China, ending year-long sojourn abroad March 27, 2023 12:12 PM IST

    Alibaba founder Jack Ma returns to China, ending year-long sojourn abroad

    Jack Ma, who is also the founder of Ant Group, discussed education and ChatGPT technology with the school, according to the report.

  • Foreign private equity investors may be looking for exits from internet stocks: Kotak March 17, 2023 09:10 AM IST

    Foreign private equity investors may be looking for exits from internet stocks: Kotak

    While IPOs have slowed in the past 18 months, velocity of exit has remained elevated in secondary markets in recent months

  • Alibaba pushes cost cuts as revenue growth remains sluggish February 24, 2023 07:03 AM IST

    Alibaba pushes cost cuts as revenue growth remains sluggish

    The online retailer reported net income rose a better-than-anticipated 69% to 46.8 billion yuan ($6.8 billion), but revenue rose just 2.1% to 247.76 billion yuan in the December quarter, slightly ahead of projections. Alibaba’s shares closed down slightly after climbing 6% in early New York trading.

  • Charlie Munger, 99, recalls his worst investment mistake February 16, 2023 01:10 PM IST

    Charlie Munger, 99, recalls his worst investment mistake

    Charlie Munger, the 99-year-old vice chairman of Berkshire Hathaway, opened up about his biggest investment blunder on February 15.

  • Alibaba affiliate Ant Group exits Paytm, sells entire stake: Reports February 11, 2023 12:37 PM IST

    Alibaba affiliate Ant Group exits Paytm, sells entire stake: Reports

    Ant Group’s nominee Douglas Feagin stepped down from Paytm’s board earlier this month

  • The big AI companies to watch out for in 2023 February 10, 2023 07:36 PM IST

    The big AI companies to watch out for in 2023

    From Microsoft and Google to Baidu, these are the technology giants poised to bring AI to the mainstream in 2023

  • ByteDance reportedly testing food delivery service via its Chinese version of TikTok February 08, 2023 08:49 PM IST

    ByteDance reportedly testing food delivery service via its Chinese version of TikTok

    According to the report, a Douyin spokesperson said that the company has been “testing a feature in Beijing, Shanghai and Chengdu that enables merchants to promote and sell ‘group-buying’ packages to Douyin users in these select cities and have them delivered.”

  • Alibaba tests ChatGPT-style tool as AI buzz intensifies February 08, 2023 08:31 PM IST

    Alibaba tests ChatGPT-style tool as AI buzz intensifies

    The Chinese e-commerce group's statement came after the 21st Century Herald newspaper reported that Alibaba is developing a ChatGPT-like dialogue robot which is currently open to employees for testing.

  • Alibaba was never a strategic shareholder for Paytm: Vijay Shekhar Sharma January 17, 2023 08:55 PM IST

    Alibaba was never a strategic shareholder for Paytm: Vijay Shekhar Sharma

    Paytm CEO says goal of achieving operating profitability might be achieved sooner than the projected date of September quarter

  • Meme stock billionaire’s Alibaba wager risks clash with Beijing January 17, 2023 04:31 PM IST

    Meme stock billionaire’s Alibaba wager risks clash with Beijing

    The billionaire entrepreneur, an idol of the meme-stock crowd who muscled his way onto the GameStop board, has taken a stake in Alibaba worth hundreds of millions of dollars.

  • Investor Ryan Cohen builds Alibaba stake, pushes for more share buybacks January 17, 2023 07:06 AM IST

    Investor Ryan Cohen builds Alibaba stake, pushes for more share buybacks

    Ryan Cohen , who built his fortune by co-founding online pet retailer Chewy Inc and cemented it with investments in videogame retailer GameStop and Apple Inc, reached out to Alibaba last August to express concerns, the people said.

  • Alibaba sells Paytm stake worth $125 million via block deal: report January 12, 2023 05:22 PM IST

    Alibaba sells Paytm stake worth $125 million via block deal: report

    Alibaba, which held a 6.26% stake in Paytm as at end-September, sold the stake at 536.95 rupees apiece, the source said.

  • Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control January 09, 2023 07:35 AM IST

    Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control

    Hong Kong-listed shares of Jack Ma's Alibaba jumped more than 5%.

  • From English teacher to billionaire: 7 points about Jack Ma January 09, 2023 11:22 PM IST

    From English teacher to billionaire: 7 points about Jack Ma

    Jack Ma, who has been mostly out of public view amid China's tech crackdown, is back in news after relinquishing control of Alibaba affiliate Ant Group.

  • Hang Seng Tech Index sinks ahead of US Fed meet December 12, 2022 10:47 AM IST

    Hang Seng Tech Index sinks ahead of US Fed meet

    Asia-Pacific markets declined on Monday with Hang Seng index falling 2.11 percent and leading losses in the region

  • Alibaba to sell $200 million worth of shares in Zomato today: Report November 30, 2022 06:50 AM IST

    Alibaba to sell $200 million worth of shares in Zomato today: Report

    Ant Financial and Alipay, through which Alibaba has invested in Zomato, would bring down their stake to about 10 percent, by selling shares in Zomato at a 5-6 percent discount, CNBC Awaaz has said

  • Alibaba to sell Zomato shares worth $200 million via block deal: report November 29, 2022 06:17 PM IST

    Alibaba to sell Zomato shares worth $200 million via block deal: report

    Alibaba to sell Zomato shares worth $200 million via block deal