Alibaba Group Holding Ltd engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media & Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.
See all ideas
One aspect of the business, its cloud computing unit, will however let go of around 7% of its staff.
Only 3 years ago, SoftBank held a 25% stake in the company when it was valued at $100bn.
The move signaled the easing of government regulation of the space and caused a 14% jump in BABA.
China’s zero-covid policy has been tough on retail businesses, and some now think that the last glimmer of hope has faded.
Alibaba is confirming its commitment to a US listing despite regulators putting the company on their watchlist.
Alibaba is hoping that its dual-listing plans might help the company overcome its failed attempt at US domination.
Alibaba gets all those Friday feels from a day of exciting news out of China’s central bank, which is good because competition is heating up.
Mega-brand Alibaba has been given a much-needed boost after news Chinese covid restrictions could be easing.
Ok, we’ve finally got some good news for US-listed Chinese stocks, but will it be enough to wipe out recent reversals? Looks good so far.
Alibaba has been through some serious crests and troughs this month, but it’s hoping a new buyback program will help renew investors’ confidence.
Upbeat capital markets comments from Beijing spark a dramatic turnaround in Chinese stocks, which were absolutely battered earlier this week.
See all events
See all brokers