Tag: Alibaba

Alibaba Breakup Begins With Spinoff of $12 Billion Cloud Arm

(Bloomberg) — Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off its $12 billion cloud business, kicking off the first phase of a much-anticipated breakup to try and revive anemic revenue growth.Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsWall Street Fears $1 Trillion Aftershock From Debt DealHere’s How Much Wealth You Need to Join the Richest 1% GloballySam Zell, Billionaire R
— Read on ca.finance.yahoo.com/news/alibaba-plans-unit-ipos-sales-113819952.html

Alibaba Singles’ Day News: Latest Sales Data for Shopping Spree – Bloomberg

Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza got off to a scorching start, logging more than 114 billion yuan ($16.3 billion) of purchases in less than 90 minutes, the equivalent of more than half of last year’s record haul for the 24-hour event.
— Read on www.bloomberg.com/news/articles/2019-11-10/alibaba-hits-6-billion-yuan-of-singles-day-sales-in-a-minute

After $140 Billion Wipeout, Alibaba and Tencent Bid for Comeback

(Bloomberg) — China’s two largest companies have lost a combined $140 billion in market value since the escalation of the trade war in May. As Alibaba Group Holding Ltd. and Tencent Holdings Ltd. report earnings this week back-to-back, they’ll try to show the punishment is overdone.The brutal market
— Read on ca.finance.yahoo.com/news/140-billion-wipeout-alibaba-tencent-004007767.html

Alibaba Aims to Double Global Brands With New English Site

(Bloomberg) — Alibaba Group Holding Ltd. has set up a new website to double the number of global brands on its flagship online mall, taking an important step toward fulfilling its global ambitions.The e-commerce giant began offering an English-language portal on Tmall for the first time on Wednesday
— Read on ca.finance.yahoo.com/news/alibaba-aims-double-global-brands-054500941.html

Alibaba plans bumper $20 billion HK listing to boost investment war chest: sources

The deal, the biggest follow-on share sale in seven years globally, would give Alibaba a war chest to keep investing in technology – a priority for China as growth flags and as the world’s second-largest economy is locked in a mounting trade spat with the United States. The e-commerce giant is working
— Read on ca.finance.yahoo.com/news/alibaba-plans-20-billion-hong-kong-listing-sources-020443203–sector.html