[ad_1] Hong Kong stocks advanced as Alibaba Group surged after an internal leadership revamp to strengthen its e-commerce business and overcome competition. Traders also returned after a two-day slide, as…
Tag: Alibaba
How has Alibaba Cloud shaped Malaysia’s digital industry in 2023?
[ad_1] Alibaba Cloud was pivotal in Malaysia’s 2023 digital transformation. Alibaba Cloud’s tech and collaborations boosted Malaysian industries in 2023. Malaysia’s auto and finance sectors leapt forward in 2023 with…
Alibaba Shares Surge After Historic Overhaul Heralds IPO Wave
[ad_1] Alibaba Group Holding Ltd.’s US shares closed 14.3% higher after China’s online commerce leader announced plans to split its $220 billion empire into six business units, a major restructuring…
Alibaba News Roundup: Hong Kong Cloud Summit; AliExpress Signs Digital Consumer Protection Measures
[ad_1] Alibaba Cloud’s Leo Liu addresses the summit’s audience. Photo credit: Alibaba Group | Published on Dec. 1, 2023 This week, Alibaba Group’s cloud computing unit hosted industry and government…
Once Unstoppable, Alibaba Is Now Faltering
[ad_1] Updated Dec. 7, 2023 12:03 am ET SINGAPORE—Chinese internet titan Alibaba Group Holding once seemed invincible. Now, it is stuck in a slump. The e-commerce giant was a major…
The Rise of Temu’s Chinese Parent Will Reshape E-Commerce
[ad_1] Move over, Alibaba. There’s a new online-shopping champion in China: PDD, the company behind discount-retailing app Temu, is now the country’s most valuable e-commerce company. After a 78% rise…
Richemont Could Review YNAP Deal With Farfetch Amid Delisting Reports
[ad_1] Updated Nov. 29, 2023 5:19 am ET Luxury group Richemont said it has no plans to invest further in Farfetch and could reconsider a deal with the e-commerce firm,…
Alibaba Cloud Suffers Second Service Outage in a Month
[ad_1] BEIJING (Reuters) – Alibaba’s cloud service said it suffered a near two-hour long disruption affecting customers in mainland China, Hong Kong and the United States on Monday, its second…
China’s Alibaba shakes up cloud unit management after scrapping the division’s IPO
[ad_1] The World Artificial Intelligence Conference in Shanghai in July 2023. Aly Song | Reuters Alibaba has begun an overhaul of its cloud computing unit, bringing in veterans to new…