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.
Hong Kong stocks slump to 2-month low as Alibaba results disappoint
Hong Kong stocks fell after Alibaba’s underwhelming revenue growth for the quarter disappointed investors, with tech bellwethers weighing further on the market.
Florida Governor DeSantis Plans To Declare 2024 Bid Next Week, Walmart & Alibaba Quarterly Earnings, Deutsche Bank To Pay $75M To Settle Jeffrey Epstein Accusers' Suit: Today's Top Stories
Benzinga DeSantis Vs. Trump Official? Florida Governor Reportedly Plans To Declare 2024 Bid Next Week Florida Governor Ron DeSantis is reportedly preparing to announce his candidacy for the 2024 U.S. presidential elections. Sources familiar with the matter have revealed that DeSantis plans to formally announce his Republican nomination bid next week. He intends to submit the required documents to the Federal Election Commission, officially declaring his presidential candidacy around the same tim
Alibaba, China Life, NetEase pace Hong Kong stocks as investors hope for China policy support after weak economic data
Hong Kong stocks gained as investors anticipated more supportive government policy in the wake of weak economic data from China. Alibaba rose before its earnings release. The Hang Seng Index gained 0.9 per cent to 19,727.25 at the close of trade on Thursday. The Tech Index added 1.2 per cent, and the Shanghai Composite Index slipped 0.1 per cent. Alibaba rose 3.1 per cent to HK$88.10, with its earnings report due later on Thursday. Baidu advanced 1.4 per cent to HK$125.50, and NetEase gained 3.4
UPDATE 3-Alibaba misses revenue estimate, approves cloud unit spinoff
China's Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on Thursday and said it would list its cloud computing business in the next year. The company has been struggling to attract new users as China's e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by ByteDance. Earlier this year, Alibaba announced plans to restructure into six units following a two-year regulatory crackdown on China's tech sector.
Alibaba stock drops amid earnings beat, cloud segment spin-off
Yahoo Finance Live discusses a drop in shares of Alibaba despite the company beating estimates on the top and bottom line.
Alibaba Breakup Begins With Spinoff of $12 Billion Cloud Arm
(Bloomberg) -- Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off its $12 billion cloud business, kicking off the first phase of a much-anticipated breakup to try and revive anemic revenue growth.Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsHere’s How Much Wealth You Need to Join the Richest 1% GloballyWall Street Fears $1 Trillion Aftershock From Debt DealMercedes Sets Out to Ma
Alibaba Shares Are a Bet on Spinoffs, Not Growth
If it is well executed, the company’s ambitious restructuring plan could provide a substantial lift to its combined market value.
CORRECTED-China's Ant Group quarterly profit drops 57.3% - Alibaba filing
China's Ant Group on Thursday reported net profit of 31.18 billion yuan ($4.51 billion) in the three months to Dec. 31, down 57.3% from a year earlier, according to Reuters calculations from Alibaba Group Holding's earnings report. The e-commerce giant reports profit from Ant one quarter in arrears. ($1 = 6.9121 Chinese yuan renminbi)
Alibaba: Fiscal Q4 Earnings Snapshot
HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Thursday reported fiscal fourth-quarter net income of $3.42 billion, after reporting a loss in the same period a year earlier. The Hong Kong-based company said it had net income of $1.31 per share. Earnings, adjusted for one-time gains and costs, were $1.56 per share.
PSA: Cramer Says Stay Invested - Alibaba Group Holding (NYSE:BABA), Applied Mat (NASDAQ:AMAT)
Nvidia (NASDAQ: NVDA) stock is up 106% this year. That means CEO Jensen Huang's net worth has increased to $27.3 billion, a 98% increase in just 5 months
Alibaba to raise financing for digital commerce unit
The company also plans to take its cloud division public.
BABA Stock Alert: The REAL Reason Alibaba Is Trending Today
Alibaba (BABA) stock is trending today because the company announced the details behind the spinoff of its cloud unit.
Poised for Breakup, China’s Alibaba Finishes Year With $10 Billion Profit
China's Alibaba completed its financial year with profits of $10 billion and said three divisions have begun to split from the parent group.
Alibaba 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, logistics and supermarket businesses.
Alibaba (BABA) Breaks Up Investment Team, Dispatches Staff to Units
Alibaba Group Holding Ltd. plans to dispatch about half of its investment team to six different business units that will be created after the company’s breakup, according to people familiar with the matter.
Alibaba plans to list cloud division as quarterly revenue misses expectations
Alibaba announced plans to spin off its cloud division as a separate, publicly-traded company. The e-commerce titan's quarterly revenues missed expectations.
Alibaba Options Show Stock May See Record Swings After Earnings
Alibaba Group Holding Ltd. is poised to see the most dramatic post-earnings market reaction ever Friday, as investors load up on stock options to bet on the Chinese e-commerce giant’s financial health and restructuring progress.
UBP's Vey-Sern Ling on Alibaba, Tencent
UBP Managing Director Vey-Sern Ling discusses Tencent's earnings results. He also previews Alibaba's results due Thursday. He speaks with David Ingles, Yvonne Man and Rishaad Salamat on "Bloomberg Markets Asia". (Source: Bloomberg)
Hong Kong stocks jump as investors anticipate China policy support
The ‘silver lining’ in China’s weak economic data could be further policy support, including a cut to the reserve-requirement ratio, says an Invesco strategist, as Morgan Stanley says recovery will strengthen gradually.
Alibaba transfers self-driving research team as revamp accelerates
Unit shifts to Cainiao logistics arm as part of sweeping overhaul
