Page 28 - Cloud Intelligence Group News Today

Weak revenue growth plagued the Chinese tech giant once again.

Alibaba’s radical decision to split the business into six units could deliver a raft of new innovations and opportunities for brands and marketers, but what does it mean for the brand? The Drum spoke to China market experts to learn more.

It is reportedly exploring a potential sale at a valuation of $10b.

China’s GDP grew at an annualized pace of 4.5% in the first quarter of 2023 which is higher than the 4% which analysts expected

The e-commerce giant is walking a fine line between appeasing customers and actually making money.

Shares of Alibaba (NYSE:BABA) tumbled nearly 6% in Hong Kong’s trading session on Wednesday following reports that SoftBank recently sold most of its shares

Alibaba fell in Hong Kong trading today amid reports that SoftBank is moving to sell more shares after having already sold the bulk of shares

The Chinese tech giant gained on a new breakup plan.

Customers and developers in China will be able to access Alibaba Clouds large language model Tongyi Qianwen, which also will be integrated into the cloud vendors business applications.

Part of companies bigger plan to split into six business groups