Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public
HONG KONGHONG KONG — 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 ...
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Alibaba shares surge 19% on cloud computing success
Alibaba Group’s shares listed on the Hong Kong Stock Exchange surged 19% following the release of impressive financial results, with the company’s cloud computing division showing powerful performance ...
Alibaba (BABA) stock target cut to $225 by Jefferies, $180 by Morgan Stanley. Cloud grows 34% but e-commerce weakens on poor ...
Alibaba and Tencent race to support 'Palworld,' a hit game dubbed 'Pokémon with guns,' with cloud services. Palworld' craze in China boosts cloud computing rivalry between Alibaba and Tencent, despite ...
Alibaba's U.S.-listed shares jumped 12% Friday morning following the Chinese company's first-quarter earnings report. Alibaba Group Holding Ltd.'s quarterly earnings report showed that the Chinese ...
Alibaba's (NYSE: BABA) stock has been under significant pressure of late amid its lack of growth over the past two years and the scrutiny it has received from the Chinese government. In response, the ...
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Why is Alibaba stock falling in premarket today?
Two major brokerages, Morgan Stanley and Jefferies, lowered their price targets on BABA, while keeping their ‘Buy’ ratings.
Chinese tech giant Alibaba Group Holding Ltd. has opened a new campus for its cloud computing unit, Alibaba Cloud, in its home city of Hangzhou. Per the South China Morning Post, which Alibaba owns, ...
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