Thousands to lose jobs in Disney, Alibaba layoffs
Disney, this week has also begun removing several titles from its streaming platforms
Source: theweek.in
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Alibaba Cloud to Downsize Headcount by 7%, with Layoff Signaling Beginning of Its Spinoff Process
Alibaba Cloud has emerged as an early IPO candidate and will reportedly pursue a 7% staff layoff amid its ‘streamlined’ restructuring.
Nigeria General China General Daniel Zhang Cloud Intelligence Group Alibaba Businesses To Branch Cloud Division Shakeup Amid Layoff
Source: coinspeaker.com
Alibaba results and Cainiao to pursue IPO
Alibaba Group Holding Limited has announced its financial results for the quarter and fiscal year ended March 31, 2023.
China General Daniel Zhang Toby Xu Alibaba International Digital Commerce Business Group Cainiao Smart Logistics Group Alibaba Group
Source: postandparcel.info
Alibaba: Significant Discount To SOTP Valuation Not Warranted (NYSE:BABA)
Alibabas FY4Q23 revenue was up 2% year on year, largely in-line with consensus of Rmb 209 billion. Read why Im bullish on BABA stock.
China General Alibaba Mar Cloud Intelligence Group Alibaba International Digital Commerce Group International Digital Commerce Group Stock Unreleased
Source: seekingalpha.com
Alibaba results weigh on Hong Kong stocks, with Baidu, Tencent and Meituan pressuring index further
Hong Kong stocks fell after Alibaba’s underwhelming revenue growth for the quarter disappointed investors, with tech bellwethers weighing further on the market.
Source: scmp.com
Asia tech's next challenge is resetting the bar
The instinct is to sell. Asia technology companies from Singapore to China are making the right noises on cost cutting and are mostly moving in the right direction but can’t do enough to please investors. The market’s high expectations are a sticky problem for a sector on the mend.
Source: reuters.com
The Drum | Alibaba Beats On AI With Plans To Spin Off Cloud Business As Seperate Company
Alibaba has revealed its cloud division - which includes its generative AI product Tongyi Qianwen - will be the first company to become a separate, publicly traded company following the e-commerce giant's restructure.
Toby Xu Daniel Zhang Tongyi Qianwen Cloud Intelligence Group Alibaba International Digital Commerce Business Group Cainiao Smart Logistics Group
Source: thedrum.com
Baystreet.ca - Alibaba Plans to IPO Cloud Division
Alibaba (NYSE:BABA) announced plans to spin off its cloud division as a separate, publicly-traded company, while the e-commerce titan’s quarterly revenues missed expectations. “We are taking concrete steps towards unlocking value from our businesses ...
Source: baystreet.ca
Alibaba is pulling out of the cloud business
Chinese ecommerce giant Alibaba set to split into six units and selling off some of its businesses.
Source: techradar.com
Alibaba revenue disappoints, approves independent IPOs | Digital
Amid underwhelming revenue growth in its full fiscal 2023 results, the group announces major restructuring with a timeline to list its logistics and grocery businesses. A slumping Hang Seng index adds to investor concerns.
Source: campaignasia.com