The Alibaba Spinoff Trade Loses More Steam
Recent hiccups probably won't derail the firm's restructuring, but the stock could struggle without further concrete signs of progress—and a healthier China.
Former Alibaba CEO quits cloud unit in surprise move amid landmark restructuring
Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the company's cloud division in a surprise move announced just months after he assumed the pivotal...
Alibaba's Zhang Steps Down From Cloud Unit. The Stock Is Falling in Hong Kong.
Daniel Zhang was due to stand down as CEO on Sunday to focus on the cloud unit, which is set to be spun off as the company separates into six parts.
Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle
The former CEO of Alibaba, Daniel Zhang, resigned as head of its cloud computing unit Monday in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle.
Shares of Alibaba tumble more than 3% after outgoing CEO unexpectedly quits cloud business
The move comes just months after announcing a June announcement that Zhang was departing as chairman and CEO of Alibaba Group to focus on the cloud intelligence unit.
Alibaba shares slide 4% after outgoing CEO quits cloud unit
The Hong Kong-listed shares of China's Alibaba Group fell more than 4% on Monday after the surprise departure of outgoing Alibaba CEO Daniel Zhang from the company's cloud computing business.
Alibaba's Daniel Zhang Exits Chinese Internet Giant Entirely
Alibaba Group said former CEO Daniel Zheng has unexpectedly left the Chinese internet giant's cloud unit as well.
Alibaba's Ex-CEO Daniel Zhang Quits
Chinese tech giant Alibaba Group Holding Ltd. is facing a new layer of uncertainty in its complicated breakup.
Alibaba's ex-chairman Daniel Zhang steps down as CEO of cloud business unit
Alibaba Group Holding's former chairman Daniel Zhang stepped down as chairman and chief executive of its cloud business unit on Sunday.
3 World-Class Stocks I'm Still Buying Right Now
Plenty of stocks have rebounded in 2023, with Nasdaq 100 up about 35%, emphasizing the dominance of blue-chip giants. Blue-chip companies offer strong business models and consistent returns, often ...
Alibaba (BABA) Unveils New B2B Products for Small Businesses
Alibaba (BABA) introduces a suite of advanced business-to-business sourcing tools designed for uplifting small businesses.
Economists See China Still in Deflation. What Knife-Edge Estimates Mean for Alibaba.
Expectations are that the world's second-largest economy remained narrowly in deflation in August. Chinese CPI data are due Saturday.
Nio, Alibaba stocks drop as part of broad selloff in the ADS of China-based companies
Shares of Nio Inc. were suffering a third-straight loss toward a two-month low Thursday, as part of a broad selloff in the U.S.-listed stocks of China-based companies.
The 7 Best Sleeper Stocks to Buy Now: September 2023
As a rule of thumb, investors ought to consider securities with strong volume and chart mobility as opposed to sleeper stocks. It's like baseball.
Final Trades: Uber, Alibaba & more
The "Halftime Report" traders give their top picks to watch for the second half.
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