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Alibaba sheds nearly 10,000 employees in June quarter as the e-commerce giant cuts costs amid sluggish sales, slowing economy

The reduced payroll reflects Alibaba’s renewed efforts to cut expenses and drive up efficiency, as the company faces a slowing economy in China. ....

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Alibaba appoints two independent directors as it seeks Hong Kong primary listing

Alibaba has appointed Irene Lee Yun-lien, chairwoman of Hysan Development, and Albert Ng Kong-ping, former chairman of Ernst & Young China, to its board as it seeks to elevate its status on the Hong Kong bourse. ....

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How the tight bond between Alibaba and Ant has weakened under regulatory pressure from Beijing

Alibaba said in its annual report that the two companies agreed to terminate their data sharing agreement on July 25, and will instead negotiate on a case-by-case basis. The move away from Ant comes after Alibaba experienced a difficult year, with stagnant revenue growth, capital market risks, as well as national security issues. ....

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Alibaba added to watch list of Chinese firms facing expulsion from US exchanges, days after primary listing bid in Hong Kong

The e-commerce giant joins more than 150 Chinese companies that are now on the US Securities and Exchange Commission’s provisional line-up of firms up for delisting. ....

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Will the disappearance of China's top live streamers open the door for new faces?

A week after Singles’ Day last year, analysts asked Alibaba Group Holding chief executive Daniel Zhang Yong if he thought the company relied too heavily on its top live streamers to generate sales during the annual online shopping extravaganza. Zhang did not answer the question directly, but said Alibaba’s Taobao Live platform treated all online influencers – big and small. ....

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