alibaba – Asian News from UK

Ex-CEO of Alibaba Zhang Quits As Cloud Head

The news led to shares of Alibaba Group slipping 3 per cent at the close of trading in Hong Kong — touted as the biggest setback since August 18…reports Asian Lite News

September 12, 2023

-Top News·Business·China

China slaps hefty fines on Alibaba, Tencent

China’s central bank also announced to slap a 7.123 billion yuan (around $1 billion) fine on Ant Group, the fintech affiliate of Alibaba…reports Asian Lite News China has slapped hefty penalties on

July 8, 2023

Business·China

Jack Ma’s surprise Pak visit creates stir among observers

Jack Ma during the visit, avoided interactions with government officials and the media..reports Asian Lite News Chinese billionaire and co-founder of Alibaba Group, Jack Ma, has created a stir among observers with

July 3, 2023

-Top News·Asia News·Business

Alibaba unveils split-up plans

The report also mentioned that the company sees the creation of the six businesses as a way to be more agile….reports Asian Lite News Chinese tech giant Alibaba on Tuesday said that

March 30, 2023

Business·China·Economy

Jack Ma returns to mainland China after long absence

Requests for comments from Alibaba and the Jack Ma Foundation were not immediately met with a response….reports Asian Lite News Chinese magnate Jack Ma has returned to mainland China after spending roughly

March 28, 2023

-Top News·Asia News·China

Major rejigs in Alibaba

In a separate move, Jeff Zhang will focus on his role as head of the Alibaba DAMO Academy and no longer serve as President of Alibaba Cloud Intelligence….reports Asian Lite News In

December 30, 2022

Business

Alibaba to sell Zomato shares worth $200 million

Zomato’s share price has fallen over 55 per cent this year, amid senior level exits and job cuts….reports Asian Lite News Chinese behemoth Alibaba is set to sell its shares worth $200

November 30, 2022

Business

Alibaba lays off nearly 10K employees

Alibaba reported a 50 per cent drop in net income to 22.74 billion yuan ($3.4 billion) in the June quarter, down from 45.14 billion yuan in the same period last year…reports Asian

August 7, 2022

Business·China

Alibaba loses $26 bn in market value on Jack Ma’s rumoured arrest

Jack Ma’s Chinese name, Ma Yun, has only two characters. (CCTV later quietly updated its original report to match Hu’s assessment)…reports Asian Lite News Alibaba, co-founded by Chinese e-commerce giant Jack Ma,

May 6, 2022

Business

China shifts policies to control tech giants

Together, the two services commanded over 70 per cent of the game streaming market in China…reports Asian Lite News Alarmed at the slowing tech and internet sector, China is now planning to

May 3, 2022

-Top News·Business·China