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The Latest Breaking News from Alibaba

Alibaba scraps plans to spin off its cloud business

US and global geopolitical tensions see Alibaba reverse its decision, but investors are still upset.

TechRadar

A series of bad news stories—including an abandoned cloud spin-off plan—wipe billions from Alibaba's market cap

Alibaba blamed U.S. chip controls for its decision to abandon plans to spin-off its cloud computing unit as an independent company.

Fortune

Stock market today: Asian stocks pulled lower by profit warnings and signs the US economy is slowing

Asian stocks are mostly lower after Wall Street drifted to a mixed finish as momentum slowed following a strong rally in the first half of November

The Independent UK

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Alibaba Expands in Europe With Investment in B2B Platform Visable

The move is part of the tech giant’s efforts to grow its country- or region-specific business, as some Chinese products lose their edge in price globally

Caixin Global

Alibaba and JD's decision to withhold Singles Day data punctures last chance to see a China consumption revival this year

"Everyone's waiting for this consumption boom," one analyst said. "I don't think it's really going to come."

Fortune

Worried Chinese shoppers scrimp, dimming the appeal of a Singles' Day shopping extravaganza

Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect the annual Singles’ Day online retail extravaganza

The Independent UK

BABA vs. JD: Which Is the Better Chinese Tech Stock to Buy Now?

Chinese tech stocks have continued to underperform in 2023, even as their counterparts in the U.S. have rebounded. Among Chinese tech names, Alibaba and JD.com are both worth considering after the sell-off - but there's an argument to be made that one of these tech stocks looks more compelling right…

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Chinese Tech Giant Alibaba Launches PCIe Gen5 SSD Controller Based on RISC-V

Alibaba's T-Head launches PCIe Gen5 SSD controller featuring RISC-V cores aimed at cloud storage.

Tom’s Hardware

Israel-Hamas war puts China's strategy of 'balanced diplomacy' in the Middle East at risk

On Oct. 30, 2023, reports began to circulate that Israel was missing from from the mapping services provided by Chinese tech companies Baidu and Alibaba, effectively signaling – or so some believed – that Beijing was siding with Hamas over Israel in the ongoing war.

The Conversation

The US government's newly imposed export rules block $5 billion worth of advanced AI GPUs from China

The US government is doubling down on AI safety and recently imposed new exportation rules and guidelines affecting the shipment of AI chips to China, Saudi Arabia, the United Arab Emirates, and Vietnam. Early implementation of the rules has deterred NVIDIA's plans to ship $5 billion worth of AI chips…

Windows Central

Nvidia Faces Billions In Revenue Loss As U.S. Bans Chip Exports To China

China's biggest tech firms, including Alibaba and ByteDance, cancel AI chip orders worth $5 billion

Zenger

Pinduoduo founder Colin Huang surges past Alibaba's Jack Ma to become China's third-richest person

Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

Fortune

Chinese retailers are already slashing the prices of the iPhone 15 by over $100 amid reports of a sluggish launch for Apple's latest smartphone

Analyst reports are suggesting that Apple's latest iPhone may be struggling in the Chinese market.

Fortune

New York Liberty owner Clara Wu Tsai gave her team NBA-like amenities

Wu Tsai and her husband Joe Tsai, Alibaba's chair, bought the New York Liberty in 2019.

Fortune

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StockNews.com

Alibaba (BABA) and NetEase (NTES): Is It Time to Invest in These China Stocks?

China’s faster-than-expected GDP growth in the third quarter and solid consumption and industrial activity last month showed economic recovery gaining traction amid a recent flurry of stimulus measures. So, let’s find out if it is the right time to invest in Chinese stocks Alibaba Group (BABA) and NetEase (NTES). Continue…

AAP

Man tried to buy meth from 'Chinese Amazon', court told

A man told an overseas seller on the Alibaba website that he wanted to "get around customs" by hiding methamphetamine in an order for rust treatment chemicals.

Caixin Global

Alibaba Think Tank Dispels Closure Rumors

Luohan Academy is undergoing a reorganization that will see some of its research operations taken over by its parent

France 24

Belgian intelligence scrutinising potential security risks of Alibaba warehouse

The Belgian intelligence service has confirmed a report by the Financial Times saying it was looking into potential espionage at the main European logistics centre for Chinese tech giant Alibaba. The warehouse mostly handles goods shipped to European customers from the company's e-commerce site Ali Express. Intelligence officials said the…

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Fortune

Alibaba’s Belgian hub is being monitored over ‘espionage’ concerns, report says

A representative for Alibaba told Fortune it strongly denied the claims "based on prior conjecture."

Fortune

Softbank’s CEO says you’ll end up like a mindless goldfish if you don’t get on board with AI

“Take advantage of it or be left behind,” warned Masayoshi Son, whose early bet on Alibaba built his reputation as a tech visionary.

The Independent UK

Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong

Chinese e-commerce company Alibaba says it will spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong

AnandTech

Solidigm Introduces D7-P5810: 144L SLC NVMe Drive for Write-Intensive Workloads

Solidigm's datacenter SSD offerings have been clearly delineated into different categories - the D3- SATA offerings for legacy servers, the D5- QLC-based offerings (with different models offering different tradeoffs between cost and endurance), and the D7- NVMe drives for the best performance and endurance ratings. The company has been using…

The Independent UK

Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle

The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle

Al Jazeera

China’s Alibaba sees shares tumble as outgoing CEO quits cloud business

Announcement that Daniel Zhang will not continue to lead cloud business takes markets by surprise.

StockNews.com

Alibaba Group Holding (BABA): Buy or Sell September 2023?

Alibaba Group Holding's (BABA) business momentum, strategic reorganization, robust financials, and extended partnerships suggest a favorable outlook for sustained growth. So, should you buy or sell BABA this September? Let’s look at its financial metrics to gauge its prospects….

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