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