[ad_1] In a surprise move, Daniel Zhang, who was handpicked by Alibaba co-founder Jack Ma as successor, has resigned as head of the tech giant’s cloud computing unit. [ad_2] Source…
Tag: Alibabas
Alibaba’s Ex-CEO Quits Cloud Business In Surprise Move
[ad_1] Daniel Zhang will continue to contribute to Alibaba by “channeling his expertise differently” Shanghai: China’s Alibaba Group said on Sunday that Daniel Zhang will step down from its cloud…
Alibaba’s outgoing CEO Daniel Zhang quits cloud business in surprise move
[ad_1] By Brenda Goh SHANGHAI (Reuters) -China’s Alibaba Group on Sunday announced that Daniel Zhang will step down from its cloud business, in a surprise move just two months after…
Alibaba’s Net Profit Surged in First Quarter on Higher Revenue
[ad_1] Chinese e-commerce giant Alibaba Group Holding posted a 51% on-year increase in first-quarter net profit, driven by higher revenue. [ad_2] Source link
Alibaba’s Hong Kong shares surge 16% on split-up plans
[ad_1] Hong Kong shares of Alibaba Group soared on Wednesday, marking a vote of confidence from investors after the company announced a major restructuring plan. The stock jumped as much…
Alibaba’s global online shopping unit considers US IPO to spur growth
[ad_1] Alibaba Group Holding Ltd.’s international online shopping unit is exploring a US initial public offering as it weighs options to spur growth for the business that includes major e-commerce…
Foreign cash streaming back to China after Alibaba’s plans
[ad_1] Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning…
Alibaba’s $20 billion logistics arm gears up for Hong Kong IPO
[ad_1] By Pei Li and Manuel Baigorri Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has started preparations with banks for its Hong Kong initial public…
JD.Com’s Business Units Prepares For Separate Hong Kong IPOs Days After Alibaba’s Similar Move
[ad_1] JD.Com, Inc’s (NASDAQ: JD) two subsidiaries filed for Hong Kong’s initial public offerings on Thursday. Jingdong Property Inc and Jingdong Industrials Inc submitted listing applications to the Hong Kong Stock Exchange. JD.com would hold…