The Latest Breaking News from Alibaba

Here's How Alibaba Looks To Aid In Digital Transformation Of Enterprises

Alibaba Group Holding Limited (NYSE:BABA) created a new subsidiary, Lingyang Intelligent Service Co, to help companies in their digital transformation, the SCMP reports. It reflects Alibaba's effort to engage new market segments and industries as domestic online retail competition amplified amid weak consumer spending and economic slowdown. The move shortly follows Chair and…

Benzinga · Jul 5, 2022

BOI attends the grand opening of Alibaba's first data centre in Thailand

Mr. Narucha Ruchuphan, Senior Executive Investment Advisor, Thailand Board of Investment (BOI), attended an event to mark the grand opening of Alibaba's first data centre in Thailand held at Shangri-La Hotel Bangkok on 30 June 2022. Alibaba was represented by Mr. Selina Yuan, Vice President, Alibaba Group, and President, Alibaba…

Bangkok Post · Jul 5, 2022

China’s eateries eye JD.com’s delivery plans with anxiety, hope

Chinese tech giant has floated prospect of entering lucrative market currently dominated by Meituan and Ele.me.

Al Jazeera · Jul 4, 2022

Why Alibaba, Nio, Chinese Peers Are Sliding In Hong Kong Today

Shares of major U.S.-listed Chinese companies were trading lower for a second straight session in Hong Kong on Wednesday, as major tech stocks like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY),

Benzinga · Jun 29, 2022

Tencent Targets Metaverse After Overseas Opportunities, EV To Drive Growth

Tencent Holding Ltd (OTC:TCEHY) acknowledged setting up a unit focused on exploring the space to tap multiple opportunities in extended reality (XR) technologies in the next 4-5 years, Reuters reports. Gaming chief Steven Ma disclosed that Tencent had set up an XR business line to combine hardware and software, betting on most…

Benzinga · Jun 28, 2022

Benzinga Before The Bell: Roe vs Wade Ruling Effect, Airbnb's Ban on Parties, JetBlue's Modified Proposal And Other Top Financial Stories Tuesday, June 28

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Benzinga · Jun 28, 2022

Alibaba Lays Off 50 Employees As It Shuts Israel R&D Center: Report

Chinese e-commerce giant Alibaba Group Holdings (NYSE: BABA) is shutting down its R&D center in Israel, the company notified its employees on Sunday.

Benzinga · Jun 28, 2022

Alibaba Loses 2%, Nio Tumbles 9%: What's Dragging Down Hong Kong Stocks Today?

Shares of major U.S.-listed Chinese companies were trading lower in Hong Kong on Tuesday, with major tech stocks like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Baidu Inc (NASDAQ: <

Benzinga · Jun 28, 2022

3 Things You Need To Know Today

Happy Monday Zingernation!   All major indices are in the green, but barely, heading into the new trading week. Investors are hoping for a strong start to the week after markets rallied last week, with the S&P 500 finishing up more than 6% throughout the last five trading days.   

Benzinga · Jun 27, 2022

Will Alibaba, Tencent, JD.Com And Other Chinese Tech Giants Return To Heyday Glory? Unlikely

Chinese tech giants such as Alibaba Group Holding Ltd. (NYSE: BABA), JD.com Inc.

Benzinga · Jun 24, 2022