The Latest Breaking News from Alibaba

Alibaba Group Holding Ltd's (NYSE:BABA) Alibaba Cloud and VMware Inc (NYSE:VMW) announced a jointly-developed public cloud service.  The service would aid China's enterprises to support digital innovation with lower costs and risks. Alibaba Cloud VMware Service enables China's enterprises to migrate and modernize applications faster and seamlessly move workloads between on-premises VMware environments and Alibaba…

Shares of Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), are trading lower, possibly on continued weakness amid COVID-19 concerns in China, which have led to lockdown measures and caused economic uncertainty. 

Chinese e-commerce giants have seen more of their shares shift to the Hong Kong market as Beijing failed to impress U.S. regulators, Bloomberg reports. Bloomberg saw ~77% of JD.com Inc's (NASDAQ:JD) shares circulating in Hong Kong's clearing and settling system as of April 19, versus 44% at the 2022 beginning.  The shift highlighted…

JPMorgan Chase & Co (NYSE:JPM) lost its position as the most senior underwriter for Kingsoft Cloud Holdings Ltd's (NASDAQ:KC) Hong Kong stock offering, Bloomberg reports.  The size of the offering in Hong Kong is relatively small, amounting to ~$100 million. The change came after one of JPMorgan's analysts cut the share-price target for the…