Ex-CEO of Alibaba Zhang Quits As Cloud Head
The news led to shares of Alibaba Group slipping 3 per cent at the close of trading in Hong Kong — touted
China slaps hefty fines on Alibaba, Tencent
China’s central bank also announced to slap a 7.123 billion yuan (around $1 billion) fine on Ant Group, the fintech affiliate of
Alibaba unveils split-up plans
The report also mentioned that the company sees the creation of the six businesses as a way to be more agile….reports Asian
Major rejigs in Alibaba
In a separate move, Jeff Zhang will focus on his role as head of the Alibaba DAMO Academy and no longer serve
Alibaba to sell Zomato shares worth $200 million
Zomato’s share price has fallen over 55 per cent this year, amid senior level exits and job cuts….reports Asian Lite News Chinese
Alibaba lays off nearly 10K employees
Alibaba reported a 50 per cent drop in net income to 22.74 billion yuan ($3.4 billion) in the June quarter, down from
Alibaba loses $26 bn in market value on Jack Ma’s rumoured arrest
Jack Ma’s Chinese name, Ma Yun, has only two characters. (CCTV later quietly updated its original report to match Hu’s assessment)…reports Asian