China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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1,796 articles matching the search query.
Beijing enlists Alibaba, Baidu to boost AI models, computing power
The Chinese capital calls on 39 partners to leverage their resources to push forward the development of large language models, as the nation pours resources into AI amid growing technological rivalry with the US.
Alibaba's Overhaul Costs And Challenges To Weigh On Stock Near-Term Before Adding Value, Analysts Expect - Alibaba Group Holding (NYSE:BABA)
Alibaba Group Holding Limited (NYSE: BABA) analysts re-rated the stock after the company shared its IPO plans for the Cloud division, and others posted upbeat
Alibaba results weigh on Hong Kong stocks, with Baidu, JD.com and Meituan sending index to 2-month low
Hong Kong stocks fell to a two-month low after Alibaba's underwhelming revenue growth for the quarter disappointed investors, adding to concerns China's post-Covid recovery is losing momentum. The Hang Seng Index slumped 1.3 per cent to 19,450.57 on Friday, losing 0.8 per cent for the week and closing at its lowest point since March 16. The Tech Index fell 2.4 per cent, while the Shanghai Composite Index declined 0.3 per cent. Alibaba Group Holding plunged 6 per cent to HK$82.40, JD.com dropped
Alibaba reports 2 per cent revenue growth for fourth quarter, board approves separate listings for Cloud, Cainiao units
Chinese e-commerce giant Alibaba Group Holding reported a 2 per cent increase in revenue for its fourth quarter, while also approving a full spin-off of its Cloud Intelligence Group, as well as external financing for multiple business units, in its first earnings report since the company announced a major restructuring earlier this year. The cloud business, one of the company's most important growth engines, will be listed in 12 months, said Alibaba Group chairman and CEO Daniel Zhang Yong. In t
DeSantis Vs. Disney, Alibaba Spinoffs Cloud Business, Apple Bans Internal ChatGPT Use: Today's Top Stories
Bloomberg Alibaba's Cloud Business Spinoff - What's Going On With Alibaba Stock Friday Alibaba Group Holding Limited's (NYSE: BABA) move to fully spin out a potentially transformative $12 billion cloud business has fueled speculation of it succumbing to market or political realities. Analysts value the cloud business at upwards of $30 billion, a prime beneficiary of a post-ChatGPT frenzy mirroring the success of Amazon.Com Inc's (NASDAQ: AMZN) cloud unit Amazon Web Services. Alibaba splurged ten
Alibaba Makes Another Step Towards Unlocking Value - Walmart (NYSE:WMT)
On May 18th, following Walmart (NYSE: WMT) who topped estimates due to resilient customers, Alibaba Group Holding Limited (NYSE: BABA) showed it has made significant progress on the profitability front, despite quarterly revenue missing expectations.
Alibaba's Cloud Business Spinoff - What's Going On With Alibaba Stock Friday - Alibaba Group Holding (NYSE:BABA)
Alibaba Group Holding Limited's (NYSE: BABA) move to fully spin out&nbs
US Home Prices Fall By Most In 11 Years - Alibaba Group Holding (NYSE:BABA), Apple (NASDAQ:AAPL)
Americans are NOT paying off their credit card debt. Over 36% of U.S. adults owe more money in credit card debt than they have saved. And some are turning to credit cards to pay their mortgages. I don’t need a PhD in economics to know this doesn’t end well.
Long-time Jack Ma associates take top seats in units being freed up by Alibaba
Board directors have been named for each of the six units being given greater independence, with a number of Alibaba’s founders taking top seats.
JD's Boardroom Shuffle Ignites Talk Of Founder's Return - Alibaba Group Holding (NYSE:BABA), JD.com (NASDAQ:JD)
Key Takeaways: The founder of JD.com, Richard Liu, stepped down as CEO last April. His successor, Xu Lei, has said that the boss never really left, suggesting the CEO title conferred limited power JD.com’s first-quarter adjusted net profit rose 88% to 7.59 billion yuan, and some analysts are upbeat about the outlook
Alibaba Options Traders Bet On Stock Surging This Much By September Expiration - Alibaba Group Holding (NYSE:BABA)
Alibaba Group Holding Limited (NYSE: BABA) shares dropped on Thursday following the release of fourth-quarter financial results.
B of A Securities Maintains Buy on Alibaba Group Holding, Lowers Price Target to $132 - Alibaba Group Holding (NYSE:BABA)
B of A Securities analyst Eddie Leung maintains Alibaba Group Holding (NYSE:BABA) with a Buy and lowers the price target from $144 to $132.
Alibaba spins off cloud unit, plans Cainiao, Hema IPOs · TechNode
The move follows the Chinese tech giant's announcement in late March that it was splitting the company into six standalone units.
HSBC Maintains Buy on Alibaba Group Holding, Lowers Price Target to $140 - Alibaba Group Holding (NYSE:BABA)
HSBC analyst Carson Lo maintains Alibaba Group Holding (NYSE:BABA) with a Buy and lowers the price target from $143 to $140.
Alibaba to Exit Cloud Business After Beijing Undercuts Potential
Alibaba Group Holding Ltd.’s surprise move to fully spin out a potentially transformative $12 billion cloud business is stirring speculation about whether the Chinese e-commerce leader bowed to market or political realities.
Alibaba Kicks Off Overhaul With Spinoff and Share Sale Targets
E-commerce giant to spin off Cloud Intelligence Group through a stock dividend while exploring IPOs for the logistics and grocery arms
