Alibaba Group says repurchased $9.5 billion worth shares in 2023
(Reuters) -China’s Alibaba Group said on Tuesday it had repurchased a total of 897.9 million of its shares for $9.5 billion during 2023. The shares were bought in both the U.S. and…
Alibaba upgrades AI model Tongyi Qianwen, releases industry-specific models
By Josh Ye HONG KONG (Reuters) – Chinese technology giant Alibaba said on Tuesday it has updated its artificial intelligence (AI) model Tongyi Qianwen and released a suite of industry-specific AI models…
Alibaba tells Erdogan it plans to invest $2 billion in Turkey
ISTANBUL (Reuters) -Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the comments in…
Singapore Exchange to list structured certificates linked to China’s Alibaba
SINGAPORE (Reuters) – Singapore Exchange (SGX) said on Tuesday that it will start trading structured certificates this month, making it the first in Asia to list the third-party issued financial instruments that…
Ant group quarterly profit rises 17.5% on year to 13.37 billion yuan – Alibaba filing
SHANGHAI (Reuters) – China’s Ant Group made net profit of 13.37 billion yuan ($1.85 billion) in the three months to March 31, up 17.5% from a year earlier, according to Reuters calculations…
Alibaba exploring options for video platforms Youku, Tudou -Bloomberg News
(Reuters) – Alibaba Group Holding is exploring options for its video streaming platforms Youku and Tudou, Bloomberg News reported on Tuesday, citing people familiar with the matter. One of the options under…
Marketmind-Bank calm, rates firm, Alibaba steals show
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. A semblance of calm has returned to world markets in the final week of the first…
SoftBank shares jump on Alibaba split-up plans
TOKYO (Reuters) – Shares in SoftBank Group Corp soared on Wednesday after Chinese e-commerce conglomerate Alibaba Group, in which the Japanese technology investor has a 13.7 % stake, announced a major restructuring…
Marketmind: Alibaba fires up market mood
A look at the day ahead in European and global markets from Anshuman Daga Just as investor angst over U.S. and European banking troubles eases, the potential end of China’s multi-year regulatory…
Ant Group quarterly net profit plunges by 82.7% -Alibaba filing
SHANGHAI (Reuters) – China’s Ant Group on Thursday made net profit of 3.05 billion yuan ($442.13 million) in the three months to Sept. 30, down 82.7% from a year earlier, according to…
Alibaba signs cooperation agreement with authorities in China’s Hangzhou -media
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd has signed a cooperation agreement with the government of Hangzhou, the city where the company is headquartered, local media reported on Tuesday.…
Alibaba co-founder Joseph Tsai to reduce stake in company- Bloomberg News
(Reuters) – Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the company through Morgan Stanley, Bloomberg News reported on Friday. A…
Tim Hortons teams up with Alibaba to woo Chinese coffee drinkers
BEIJING (Reuters) – The operator of Canadian coffee chain Tim Hortons in China said on Thursday it had forged a two-year partnership with Alibaba Group’s grocery chain that will see the two…
SoftBank shares rise 5% on news of trimming Alibaba stake
TOKYO -Shares in SoftBank Group Corp rose 5% in morning trading in Tokyo on Friday after the Japanese conglomerate said it would book a $34.1 billion gain by trimming its stake in…
China’s Ant Group net profit fell 17.3% in March quarter – Alibaba filing
SHANGHAI – China’s Ant Group on Wednesday logged net profit of 11.38 billion yuan ($1.68 billion) in the quarter to March, down 17.3% from a year earlier, according to Reuters calculations from…
Reaction to Alibaba seeking dual primary listing in Hong Kong
HONG KONG – The following are quotes from analysts and lawyers after Alibaba said it would apply for a primary listing in Hong Kong and keep its U.S. listing, the first big…
China regulator fines Alibaba, Tencent for disclosure violations
SHANGHAI – China has imposed fines on technology giants Alibaba and Tencent as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions,…
Alibaba looks to expand Southeast Asian arm Lazada to Europe – sources
By Fanny Potkin and Brenda Goh SINGAPORE/SHANGHAI – Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce…
Republican Senator Critical Of China But Bought Up To $250K Of Alibaba Stock
A Republican senator critical of China and companies doing business there recently bought and sold stock and options of a Chinese e-commerce giant, according to his financial disclosures. Republican Alabama Sen. Tommy Tuberville…
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