Chinese stocks rose today on the belief that the Chinese government may soon inject more stimulus into the economy.
ALIBABA Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on Tuesday, adding that each of the units will explore ...
Alibaba is cutting 7% of the workforce ... This comes after it announced plans in March to split the company into six business units each with their own chief executive and board of directors.
The development is part of Alibaba's announcement earlier this year of plans to restructure into six units, following a two-year regulatory crackdown on China's tech sector. Alibaba's cloud ...
Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoff, ...
This year’s festival takes place amid corporate reshuffles and fierce competition in the e-commerce sector, and as China’s ...
In April, Alibaba announced plans to reorganize the company into six business groups, including a ‘Cloud Intelligence Group’ to hold its cloud unit (known locally as Aliyun). Daniel Zhang, Alibaba's ...
Alibaba, which owns the South China Morning Post, said its six ... unit at some point in the next year through a “stock dividend distribution to shareholders”, turning its cloud business into ...
On May 18th, following Walmart (NYSE: WMT) who topped estimates due to resilient customers, Alibaba Group Holding Limited ...
Alibaba has initiated a new round of layoff within its unit engaged on cloud service, and could cut about 7% of staff, as part of preparation for a spinoff and the following initial public offering ...
The development is part of Alibaba's announcement earlier this year of plans to restructure into six units, following a two-year regulatory crackdown on China's tech sector. Alibaba's cloud ...
(Reuters) - Alibaba Group Holding Ltd's cloud unit has started a round of downsizing that will impact 7% of the staff as it streamlines its business in preparation for an IPO, a source familiar ...
