Trends - Alibaba - Business Recorder

Alibaba

Alibaba drags HK stocks lower; China struggles

SHANGHAI: Hong Kong shares closed down on Friday, dragged by a slump in index heavyweight Alibaba Group after it...

Published 18 Nov, 2023 06:03am

Business & Finance

Alibaba scraps cloud business spin-off citing US chip curbs

SHANGHAI: Alibaba Group on Thursday scrapped plans to spin-off its cloud business, citing uncertainties created by...

Published 17 Nov, 2023 06:06am

Technology

Alibaba upgrades AI model Tongyi Qianwen, releases industry

HONG KONG: Chinese technology giant Alibaba said on Tuesday it has updated its artificial intelligence (AI) model...

Published 31 Oct, 2023 11:16am

Business & Finance

New Alibaba Group CEO lays out strategic priorities for staff

SHANGHAI: New Alibaba Group CEO Eddie Wu has told staff the tech giant’s two main strategic focuses going forward...

Published 12 Sep, 2023 09:56am

Technology

Alibaba shares slide 4% after former CEO quits cloud unit

HONG KONG: The Hong Kong-listed shares of China’s Alibaba Group fell more than 4% on Monday after the surprise...

Published 11 Sep, 2023 10:00am

Business & Finance

China’s Alibaba says Daniel Zhang quits cloud business in surprise move

SHANGHAI: China’s Alibaba Group said on Sunday that Daniel Zhang will step down from its cloud business, in a...

Published 11 Sep, 2023 06:32am

Business & Finance

Alibaba announces unexpected 14pc increase in quarterly revenue

BEIJING: Chinese e-commerce giant Alibaba announced an unexpected 14 percent on-year increase in quarterly sales on...

Published 15 Aug, 2023 06:30am

Business & Finance

Alibaba announces unexpected 14% increase in quarterly revenue

BEIJING: Chinese e-commerce giant Alibaba announced an unexpected 14 percent on-year increase in quarterly sales...

Published 10 Aug, 2023 05:14pm

Markets

Alibaba, Tencent shares rise as investors bet China’s tech crackdown is over

HONG KONG: Alibaba Group and Tencent shares rose in Hong Kong on Monday after China’s $984 million fine against ...

Published 11 Jul, 2023 06:08am

Technology

Chinese tech giant Alibaba names next CEO

BEIJING: Chinese tech giant Alibaba said Tuesday it will replace its top boss in a surprise move at the e-commerce...

Published 20 Jun, 2023 10:59am

Technology

TikTok to invest billions of dollars in Southeast Asia

JAKARTA: Short video app TikTok, owned by China’s ByteDance, said on Thursday it would invest billions of dollars in...

Published 15 Jun, 2023 09:30am

Markets

UK’s FTSE 100 starts week higher on energy boost; ASOS jumps

UK’s FTSE 100 edged up on Monday boosted by energy firms after top oil exporter Saudi Arabia pledged to cut...

Published 05 Jun, 2023 01:17pm

Business & Finance

Alibaba says to hire this year, refuting layoff rumours

SHANGHAI: Alibaba Group Holding Ltd said on Thursday it planned to hire 15,000 people this year, dismissing rumours...

Published 25 May, 2023 08:04pm

Business & Finance

Alibaba’s cloud unit to cut 7% of staff in overhaul

Alibaba Group Holding Ltd’s cloud unit has started a round of downsizing that will impact 7% of the staff as it...

Published 23 May, 2023 05:23pm

Business & Finance

Alibaba misses revenue estimate, approves cloud unit spinoff

SHANGHAI: China’s Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on...

Published 22 May, 2023 06:23am

Opinion

M-commerce can help country arrest economic slide

Pakistan’s economy has faced numerous challenges, including inflation, unemployment, and low growth rates. ...

Published 21 May, 2023 04:00am

Business & Finance

Alibaba misses revenue estimates, approves cloud unit spinoff

China’s Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations and said its board...

Published 18 May, 2023 05:26pm

Business & Finance

SoftBank books narrower loss after Alibaba stake sell-down

TOKYO: Japan’s SoftBank Group Corp on Thursday posted a sharply narrower annual loss after a capital raise using...

Published 15 May, 2023 06:41am

Markets

Alibaba logistics arm eyes up to $2 billion Hong Kong IPO

SYDNEY/HONG KONG: Alibaba’s logistics arm aims to raise up to $2 billion via a listing in Hong Kong likely early...

Published 08 May, 2023 10:12am

Business & Finance

Restructuring of Alibaba to enhance decision-making: CEO

SHANGHAI/HONG KONG: Alibaba Group’s restructuring will allow all its business units to become more agile and...

Published 03 Apr, 2023 06:36am

Markets

Alibaba split-up plan boosts HK stock market

SHANGHAI: Hong Kong stocks surged on Wednesday, boosted by a jump in Alibaba’s shares following the internet...

Published 30 Mar, 2023 06:35am

Technology

Alibaba’s breakup lifts hopes China’s regulatory winter is thawing

Investors cheered a major revamp of Alibaba Group as a sign Beijing’s crackdown on the corporate sector was nearing...

Published 29 Mar, 2023 11:51am

Markets

Japan's Nikkei ends at near 3-wk high on boost from ex-dividend stocks, SoftBank

TOKYO: Japan's Nikkei share average ended at a near three-week high on Wednesday as investors snapped up stocks set...

Updated 29 Mar, 2023 12:25pm

Markets

Alibaba says will split into 6 groups, separate IPOs expected

BEIJING: Alibaba announced Tuesday that it would split into six business groups in one of the most significant...

Published 28 Mar, 2023 04:13pm

Business & Finance

‘Gold Sponsor’ Alibaba concludes its participation in Textile Asia fair

KARACHI: Alibaba, an ecommerce giant, has concluded its participation as Gold Sponsor in the 24th edition of South...

Published 16 Mar, 2023 06:01am

Technology

ChatGPT frenzy sweeps China as firms scramble for home-grown options

HONG KONG: Microsoft-backed OpenAI has kept its hit ChatGPT app off-limits to users in China, but the app is...

Published 13 Feb, 2023 01:54pm

Business & Finance

Alibaba exits India’s Paytm, selling shares for $167mn

BENGALURU: China’s Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about...

Published 10 Feb, 2023 08:03pm

Technology

China’s Alibaba joins global chatbot race

BEIJING: Chinese e-commerce giant Alibaba said Thursday it was working on a rival to ChatGPT, joining a flurry of...

Published 09 Feb, 2023 10:33am

Business & Finance

Alibaba says testing ChatGPT-style tool as AI buzz gathers pace

SHANGHAI: China’s Alibaba Group on Wednesday said it is developing a ChatGPT-style artificial intelligence (AI) tool...

Published 08 Feb, 2023 06:54pm

Business & Finance

First Alibaba.com Multan seller summit held

LAHORE: Alibaba.com, a leading platform for global business-to-business (B2B) trade, successfully hosted its first...

Published 16 Jan, 2023 06:18am

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 9 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 9 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 9 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 9 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 9 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 9 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 9 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 9 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 9 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 9 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 9 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 9 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 9 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 9 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 9 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 9 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 9 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 9 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 9 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 9 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 9 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 9 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 9 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 9 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 9 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

Calculate your monthly liability in FY24

Alibaba

Most Popular Articles