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November 16, 2023
By Dean Seal Shares of Alibaba Group fell after the company canceled a spinoff of its Cloud Intelligence Group. The stock was down 8.2% at $79.94 in...
November 16, 2023
Decision marks a dramatic reversal on a signature move
November 16, 2023
Chinese e-commerce giant Alibaba said on Thursday it would cancel the spinoff of its Cloud Intelligence arm in light of "the recent expansion of US restrictions on export of advanced computing chips".
November 16, 2023
Alibaba Group said it would pay its first-ever dividend of $2.5 billion and reported a solid set of second-quarter results.
November 16, 2023
US News: Alibaba Group Holding reported a 9% increase in revenue for Q3, reaching 224.8 billion yuan ($31 billion), in line with market expectations. However,
November 16, 2023
US export restrictions on advanced chip exports forced China's Alibaba Group to cancel its cloud spinoff.
November 16, 2023
The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.
November 1, 2023
The Chinese e-commerce and cloud leader is still a divisive investment.
October 31, 2023
Investors remain anxious about the Fed’s next move and the upcoming policy decision as they continue to process consumer data to get hints on inflation’s trajectory.
October 26, 2023
It's an easy way to turn older appliances into smart-home tech.