Alibaba Group

Jack Ma-backed Ant Group is planning a restructuring that will break off some non-core operations of its China financial-related business, Bloomberg News reported on Tuesday, citing people familiar with the matter.The Alibaba Group…

China's major tech companies have shed more than $1 trillion in value -equivalent to the entire Dutch economy - since the government's regulatory crackdown on the sector began more than two years ago, according to Refinitiv data.Investors…

Alibaba’s Eddie Yongming Wu is seen in this undated handout photo provided by Alibaba Group | Photo Credit: Reuters Alibaba Group on June 20 said Eddie Yongming Wu, chairman of its Taobao and Tmall Group, would succeed Daniel Zhang as…

BEIJING: China said it took action on more than 1 million social media postsand accounts in its latest campaign to moderate online content that it regards as malicious.Authorities permanently banned 66,000 accounts and cracked down on…

Earlier this week it was reported that Chinese tech giant Alibabais planning to lay off 20% of its workforce. A rumour is circulating on Chinese social media about the upcoming job cuts by Alibaba. Now the tech giant has denied the reports…

Alibaba plans to spin-off of its cloud computing business and said Thursday that its logistics and grocery units will explore initial public offerings as the Chinese e-commerce company kickstarts a restructuring of its operations in hopes…

Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares.Group…

Alibaba, China's biggest e-commerce company, has announced plans to split its business into six groups, in one of the most significant overhauls of a leading Chinese tech firm to date.Below is what we know about this major shake-up:What is…

In one of its most significant overhauls to date, Chinese tech firm Alibaba on Tuesday announced that it will be splitting into six business groups. Under the new arrangement, each of the six newly established businesses will be under the…

Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as Beijing vows to ease a sweeping regulatory crackdown and support its private enterprises.…