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ALIBABA OVERHAUL
China’s Meta backlash renders Manus model ‘officially dead’Beijing's order for Meta to unwind its $2 billion takeover of AI startup Manus signals a new era of regulatory scrutiny for China's tech in...- Chinese billionaire overhauls AI startup after warning on ManusFollowing Meta's Manus acquisition fallout, MiroMind founder Chen Tianqiao is implementing strict firewalls between his Chinese and US busi...
- China’s Netflix expects AI to create bulk of shows in five yearsIQiyi Inc. is set to transform its operations, anticipating AI will generate most films and shows within five years. The company is launchi...
- China tech giant Alibaba posts modest yearly revenue growthChinese ecommerce giant Alibaba announced Tuesday a modest increase in annual revenue, at a time when the firm pursues a major overhaul and...
- Jack Ma bought Alibaba shares worth $50 million in fourth quarter: ReportAlibaba co-founder Jack Ma and Chairman Joe Tsai bought millions worth of shares in the Chinese e-commerce giant in the fourth quarter, the...
- Ant group quarterly profit rises nearly 18% on year to 13 billion yuanAlibaba, which spun off Ant 12 years ago, said last month it had decided not to participate in Ant's proposed share buyback and would maint...
- China's Alibaba unveils AI image generator to take on Midjourney and DALL-EAlibaba Group Holdings Ltd announced on Friday an artificial intelligence (AI) image generator, initially available to enterprise customers...
- In overhaul, Alibaba's boss moves aside and two co-founders step upAlibaba announced Tuesday that Zhang, 51, would relinquish his top job in September. Instead, he would serve only as CEO of Alibaba's cloud...
- Alibaba's cloud arm may slash 7% staff in overhaulChina's largest cloud service has begun offering severance to employees or transfers to other parts of the Alibaba empire, a source said. T...
- Alibaba considers yielding control of some businesses in overhaulGroup CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch ...
- Alibaba's overhaul: a 'smart' move after China crackdownAlibaba has said it will split its $220 billion empire into six businesses: focusing on logistics, cloud computing, entertainment, e-commer...
- Shares of Ant-linked firms rise after news of Jack Ma ceding control; Alibaba jumpsWhile some analysts have said a relinquishing of control could clear the way for the company to revive its initial public offering (IPO), t...
- Jack Ma to give up control of Chinese fintech company Ant GroupChina's Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series of shareholding adj...
- Jack Ma to give up control of Ant Group: reportMa might transfer his voting power to other Ant officials, including CEO Eric Jing, after which they would collectively control the company.
- Ant, Alibaba plan for less intertwined future after China crackdownIn moves that would have been inconceivable two years ago, the affiliates have started to restrict access to each other's services, compete...
- Alibaba overhauls ecommerce businesses, appoints new CFOAlibaba said it would form two new units to house its main ecommerce businesses - international digital commerce and China digital commerce...
- China's Ant Group increases registered capital by 47% to $5.4 billionAnt, an affiliate of e-commerce leader Alibaba Group Holding Ltd, said the increase was to support growth and was "according to relevant re...
- China investigates Ant Group's IPO approval process: ReportThe central-government investigation, which started early this year, focuses on "regulators who greenlighted the initial public offering, l...
- China's Ant Group CEO leaves after failed IPO prompts revampHu, who was named the chief executive of the Alibaba Group Holding in 2019, will be replaced by company veteran and Executive Chairman Eric...
- Alibaba probe stirs worry about what's next for Chinese techAlibaba and its three largest rivals -- Tencent Holdings Ltd., food delivery giant Meituan and JD.com Inc. -- have shed nearly $200 billion...
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