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ALIBABA RESTRUCTURING
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...- Alibaba pins hopes on AI as quarterly net profit dropsNet profit plunged 66% to 15.6 billion yuan ($2.2 billion) primarily due to a "decrease in income from operations", the firm said. China's ...
- Tencent seizes momentum in China’s AI race against AlibabaTencent in just the past week introduced several signature products aimed at tapping a national enthusiasm for AI agents like OpenClaw — au...
- Alibaba Token Hub to consolidate, boost Group’s AI strategyAlibaba Group has launched the Alibaba Token Hub (ATH), an AI-focused business division led by CEO Eddie Wu, consolidating key AI assets li...
- China's Alibaba says to sell department store arm for $1.3 billion lossAlibaba is selling its department store chain, Intime, at a $1.3 billion loss due to increased competition in China's ecommerce market. The...
- Alibaba founder Jack Ma steps out from shadows with long internal postIn the post, which was roughly a page long, Ma praised the leadership of CEO Eddie Wu and chairman Joe Tsai and said the company's split in...
- Alibaba's research arm shuts quantum computing lab amid restructuringA spokesperson for Alibaba's DAMO Academy, Alibaba's in-house research initiative which included the lab, said the academy would continue t...
- Alibaba shares dive more than 7% after cloud service called offIn a move that shocked investors, the Hangzhou-based tech giant said Thursday that US curbs on exports of advanced chips had forced it to c...
- China's Alibaba kicks off restructuring with plan to list logistics arm in Hong KongAlibaba said on Tuesday it had submitted an application to spin off Cainiao Smart Logistics Network to the Hong Kong stock exchange, but th...
- New Alibaba Group CEO lays out strategic priorities for staffNew Alibaba Group CEO Eddie Wu has told staff the tech giant's two main strategic focuses going forward will be "user first" and "AI-driven...
- Alibaba shares set to open down 3% after outgoing CEO quits cloud unitThe Hong Kong-listed shares of China's Alibaba Group were set to open down 3.1% on Monday after the surprise departure of outgoing Alibaba ...
- Alibaba Group says Eddie Wu to succeed Daniel Zhang as CEO, Joseph Tsai to take over as chairmanZhang will shift to fully focus on the cloud intelligence group, the company said. Zhang has since December been concurrently serving as th...
- Alibaba's restructuring plans revive China's foreign funding inflowsExchange data shows net foreign buying of mainland-listed stocks every day since Alibaba announced its intention to split up and float its ...
- 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 ...
- China ecommerce giant Alibaba outlines future strategyAlibaba chief executive Daniel Zhang outlined details of a plan announced earlier this week to split Alibaba into six main groups as a prel...
- Alibaba to decide on control over new business units after IPOsGroup CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually list on...
- Alibaba's breakup plan lifts hopes China's tech crackdown is endingAlibaba said on Tuesday it was planning to split into six units and explore fundraisings or listings for most of them, in the biggest restr...
- Alibaba's Hong Kong shares surge 16% on split-up plansOne day before the re-organization was announced, Alibaba founder Jack Ma, who had been out of mainland China since late 2021, was spotted ...
- After the split, here's how Alibaba's six new business units stack upThe company's CEO Daniel Zhang said the business units will each be free to pursue funding and IPOs independently, which points to a possib...
- Ant Group reaches deal with China regulators on restructuringAn agreement on the restructuring of Ant, an affiliate of e-commerce giant Alibaba Group, would ease investor concerns about a regulatory c...
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