Alibaba announces U-turn on cloud unit spin-off Alibaba Group's Hong Kong shares slumped 10% today after it scrapped plans to spin off its cloud business, citing uncertainties fuelled by US curbs on … Business • 17 Nov
Alibaba CEO and chairman Zhang to resign Alibaba Group has said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese … Business • 20 Jun
Alibaba to expand local business in Europe Alibaba will focus on building local businesses outside China, with Europe being the top priority, the group's president said. Business • 15 Jun
Alibaba revenue misses expectations as spending slows Chinese e-commerce giant Alibaba Group Holding today posted a smaller-than-expected rise in quarterly revenue as Covid-19 curbs and a worsening economic outlook stifled consumer spending. Business • 17 Nov 22
H&M returns to Alibaba's Tmall after controversy Swedish fashion giant H&M's official store on Alibaba's Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's … Business • 16 Aug 22
Alibaba shares fall on report of China probe Shares in Alibaba Group Holdings fell 5.7% after the Wall Street Journal reported that the Chinese tech giant's cloud division has been summoned by Shanghai … Business • 15 Jul 22
Alibaba shelves guidance due to Covid risks Alibaba Group said it would not provide a forecast for the current fiscal year because Covid-19 risks clouded its outlook, after reporting its slowest quarterly … Business • 27 May 22
Alibaba ups share buyback size to record $25 billion Alibaba has raised its share buyback programme to $25 billion, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares … Business • 22 Mar 22
Alibaba reports slowest revenue growth since IPO Chinese e-commerce giant Alibaba Group Holding has posted its slowest quarterly revenue growth since going public in 2014, hit by a drop in sales at … Business • 25 Feb 22
No stake sale plans linked to Alibaba filing - Softbank Japan's SoftBank Group said today there was no link between Alibaba registering a US share facility and any specific plans to sell down its stake … Business • 09 Feb 22
Alibaba's Singles Day sales grow just 8.5% Alibaba Group Holding said today that sales during its annual Singles' Day shopping event grew 8.5%, the slowest rate ever, underscoring strong regulatory and supply … Business • 12 Nov 21
SoftBank dragged into red by falling valuations SoftBank Group has reported a 397 billion yen ($3.5 billion) net loss for the third quarter, dragged down by a $10 billion investment loss at … Business • 08 Nov 21
Alibaba shares soar as Jack Ma reported on Europe trip Alibaba shares surged more than 6% today after billionaire founder Jack Ma was reported to be in Europe, fuelling investor hopes that the worst of … Business • 20 Oct 21
Alibaba shares slide on $15 billion 'prosperity' pledge Shares in Alibaba slumped today after the Chinese e-commerce giant's announcement it would invest 100 billion yuan ($15.5 billion) in charitable causes, after President Xi … Business • 03 Sep 21
Alibaba's Jack Ma makes first appearance in 3 months Alibaba Group founder Jack Ma made his first appearance since October today when he spoke to a group of teachers by video, easing concern about … Business • 20 Jan 21
China launches antitrust probe into tech giant Alibaba China has launched an antitrust investigation into Alibaba Group and will summon the tech giant's Ant Group affiliate to meet in coming days, regulators said … Business • 24 Dec 20
Alibaba beats sales forecasts on China growth Alibaba Group beat third quarterly revenue estimates today, driven by e-commerce growth after China emerged from coronavirus lockdowns, and said it was assessing the suspension … Business • 05 Nov 20
Alibaba's sales surge as more people shop online Alibaba Group Holding has today reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns. Business • 22 May 20
IKEA to sell through 3rd party for first time in China IKEA has started selling its products on Alibaba's Chinese e-commerce platform Tmall, the first time the world's biggest furniture retailer has sold through a third … Business • 10 Mar 20
Alibaba warns of drop in revenues due to virus Alibaba Group Holding has today warned of a drop in revenues at its key e-commerce businesses this quarter as the coronavirus sweeping China hits supply … Business • 13 Feb 20
Alibaba shares trade higher after Hong Kong debut Alibaba Group's Hong Kong shares made a solid debut today, trading 6.9% higher than their issue price and at a small premium to pricing in … Business • 26 Nov 19
Alibaba raises up to $12.9 billion in Hong Kong listing Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in … Business • 20 Nov 19
Alibaba confirms huge Hong Kong public listing Chinese technology giant Alibaba today confirmed plans to list in Hong Kong in what it called a $13 billion vote of confidence in the turbulent … Business • 15 Nov 19
L'Oreal and Nestle score big at Alibaba's Singles' Day Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world's largest shopping festival, with brands such as L'Oreal and Nestle … Business • 12 Nov 19
Alibaba's Singles' Day sales hit $30 billion Chinese retailer Alibaba Group said that sales for its annual Singles' Day shopping blitz has crossed the $30 billion mark so far today, putting the … Business • 11 Nov 19
