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The Latest Breaking News from Alibaba

Alibaba Split Boosts Optimism in Chinese Tech Stocks

Today’s announcement by Alibaba Group Holding (BABA ) that it will split its $220 billion business into six main units encompassing e-commerce, media, and the cloud is another factor that may extend the recent rally in Chinese technology stocks. In addition, mostly better-than-expected earnings results from China’s mega-cap technology stocks...

Barchart

Alibaba to split into six units

Alibaba Group Holding Ltd has announced plans to split its $220-billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or an initial public offering (IPO) when the time is right.

Bangkok Post

Alibaba's Jack Ma returns to mainland China

Alibaba founder Jack Ma has resurfaced in China after months of overseas travel, visiting a school in the eastern city of Hangzhou where he discussed various topics including artificial intelligence

The Independent UK

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Alibaba founder Jack Ma seen in China after months of absence

Billionaire is thought to have remained outside country after state crackdown on tech sector

The Guardian - UK

Alibaba founder Jack Ma returns to mainland China to visit school in Hangzhou

Jack Ma, the founder of Alibaba Group Holding, returned to mainland China recently after more than a year of overseas travel, and visited a school he founded in the city of Hangzhou, the hometown of Alibaba, according to sources familiar with his schedule.

Bangkok Post

TikTok trackers found on multiple US government websites

Tracking pixels belonging to TikTok, Tencent, Alibaba, and Russian-owned Kaspersky were all found.

TechRadar

Weaponised drone made in China shot down in Ukraine

Retrofitted and weaponised drone shot down by AK-47 in eastern Ukraine

The Independent UK

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Weekly Must-Read: TikTok’s Chinese Twin Is Taking On Alibaba and Meituan for E-Commerce Market Share

Like ByteDance’s TikTok, the Douyin video sharing app deploys live-streaming in the competition for consumers in the online marketplace

Caixin Global

Tunisha Sharma's Uncle: "Sheezaan Khan's family is celebrating as if he has returned after a jung"- Exclusive

On Tuesday (March 7), Sheezan Khan's sister Shafaq Naaz posted a happy family photo for the first time post his release from jail. It sees his mother, sister Falaq, their pet along with his brother all smiles for the camera. Sheezan Khan, who was arrested on charges of abetement of…

The Times of India

What the ChatGPT Moment Means for U.S.-China Tech Competition

The rise of American-made chatbots has kicked off a flurry of Chinese activity.

Foreign Policy

China wants AI to rival ChatGPT. Censorship makes that tricky

Chinese firms including Baidu and Alibaba are racing to roll out versions of the chatbots taking tech world by storm.

Al Jazeera

A year into Ukraine war, Asia’s big brands sit out Russia boycott

Fewer than 100 Asia-based firms have suspended or scaled back their Russia operations, according to database.

Al Jazeera

2 China Stocks That Could Be Better Buys Than Alibaba in 2023

Amid the reopening of China’s economy, stocks are expected to see a significant rebound. Therefore, investors could invest in fundamentally strong stocks Hello Group (MOMO) and China Automotive Systems (CAAS) instead of Alibaba Group (BABA). Read more….

StockNews.com

Hackers scored data center logins for some of the world’s biggest corporations more than a year ago. Now they’re selling that information

In an episode that underscores the vulnerability of global computer networks, hackers got ahold of login credentials for data centers in Asia used by some of the world’s biggest businesses, a potential bonanza for spying or sabotage, according to a cybersecurity research firm.

Tribune News Service

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The Times of India

Jack Ma spotted in Australia in a nod to Alibaba’s global roots

BEIJING: Jack Ma has popped up in Australia, the latest stop on a months-long global jaunt and one that has particular emotional resonance for the billionaire Alibaba co-founder.

Caixin Global

Weekly Must-Read: China’s Hunt for Strategic New Energy Minerals

Pursuit of key minerals intensifies as U.S., Canada and Australia restrict Chinese access to “strategic” materials

Bangkok Post

Sabuy aims to capture society’s basic needs

Founded as a top-up machine operator in 2015, Sabuy Technology Plc has shifted focus to a commerce lifestyle platform provider, aiming to become an infrastructure operator in that sector regionally by next year.

Los Angeles Times

First came fast-fashion giant Shein. Now other Chinese brands are gunning for the same success

For nearly two decades, Bowen Tsui's family business in China has made garments to order for foreign clients to sell overseas under their own labels. Now, he believes the company's survival depends on whether it can design, brand and distribute clothing by itself.

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The Independent UK

Chill pervades China's tech firms even as crackdown eases

A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead

Caixin Global

Jack Ma Meeting Rumor Sends Stock of Thai Giant’s Unit Soaring

CP Group subsidiary Chia Tai Enterprises traded at HK$6.98 at one point on Wednesday, more than eightfold Monday’s opening price

The Independent UK

Asian shares mixed after last week's gains on Wall Street

Shares are trading mixed in Asia after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four

The Times of India

Jack Ma lands in Hong Kong on latest stop of a global tour

HONG KONG: Alibaba Group Holding Ltd co-founder Jack Ma is in Hong Kong for a series of meetings with tech and finance executives, sustaining a recent flurry of activity that’s taken him round the world in the span of months.

The Guardian - UK

China to take ‘golden shares’ in tech firms Alibaba and Tencent

Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check

The Times of India

China’s government to take golden shares in Alibaba, Tencent

BEIJING: Chinese government entities are set to take so-called “golden shares” in units of Alibaba Group Holding Ltd and Tencent Holdings Ltd, suggesting Beijing is moving to ensure greater control over key players in the world’s largest internet arena.

Caixin Global

Weekly Must-Read: China Wraps Up Two-Year Tech Crackdown

Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook

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