ALIBABA BUSINESS UNITS
Jensen Huang is bigger than Nvidia — and it’s a problem
Nvidia has initiated an investigation regarding CEO Jensen Huang after acknowledgment of a romantic involvement with a Chinese spy. This revelation has raised questions about the company's future stability and ongoing projects. Investors are apprehensive about key-person risk due to Huang's significant influence on Nvidia’s operations and strategy.
Alibaba chip unit T-Head files confidential Hong Kong IPO application
China's Alibaba Group said on Tuesday that its chip unit, T-Head, has confidentially filed a listing application with the Hong Kong Stock Exchange after receiving approval to proceed with a spin-off.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
ETMarkets NRI Talk | AI’s 30x sales premium: Apurva Sheth on OpenAI, Anthropic and the valuation debate
OpenAI and Anthropic are reportedly commanding valuations that translate into roughly 30-38 times price-to-sales, compared with around 3.7 times for the average S&P 500 company.
Global funds, same tech bet? The diversification trap Indian investors may miss
Many Indian investors mistakenly believe they diversify their portfolios by adding foreign countries. However, numerous global indices often revolve around similar technology narratives, particularly in semiconductors. To achieve real diversification, investors must grasp the fundamental earnings drivers. Exploring Europe and Japan can unveil distinct economic pathways, offering a refreshing contrast. A thorough assessment of concentration risks and market dynamics is vital when engaging in international investments.
Flipkart, Amazon look beyond ecommerce as user share slips
Amazon and Flipkart are expanding into quick commerce, microdramas, OTT videos and food delivery as they lose active users to 10-minute delivery platforms. Their combined monthly active user share fell from 67% in 2022 to 53% in August 2026, while quick commerce apps’ share rose to 16%.
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Xpeng's robotics unit valued at over $6.3 billion after record funding round
The proceeds will be used to develop robotics hardware and software, train and refine physical AI models, collect high-quality data, build end-to-end mass-production facilities, and support global expansion, the company said. CEO He Xiaopeng announced in June that he would personally lead the robotics business.
Alibaba reports 9% rise in quarterly revenue
As businesses increasingly deploy artificial intelligence applications, demand for the cloud computing power needed to train and run those systems has surged, benefiting China's largest technology companies.
Alibaba to sell Lingxi Games in more than $2 billion deal, source says
Alibaba and Trustar have reached a formal agreement after several rounds of talks, according to an internal memo sent to Lingxi staff on Monday by the game developer's CEO Zhou Bingshu and reviewed by Reuters.
Alibaba integrates ecommerce platforms into a single business unit
Alibaba International Digital Commerce (AIDC) group chief Jiang Fan, a former head of Tmall who was demoted in 2020 following an online scandal, has been tapped to lead the new unit. He will report to Alibaba Group CEO Eddie Wu.
Alibaba approves an additional $25 billion share buyback as its revenue disappoints
Alibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analysts' estimates. Net income sank to 14.4 billion yuan ($2 billion), down 77% compared to a year earlier.
Alibaba boosts share buyback as revenue misses estimates
Alibaba executives expressed coolness about the near-term potential of IPOs for Cainiao logistics and Freshippo. Alibaba is considering selling consumer sector assets, including Freshippo, which has been engaged in a price war with Walmart's Sam's Club.
Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market value
Alibaba's concerns over the US export curbs announced by Washington in October come on the heels of similar worries raised this week by Chinese social media and gaming company Tencent Holdings which said the restrictions would force it to seek domestically produced alternatives.
Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong
Alibaba said in a filing that it had submitted a spin-off proposal to the Hong Kong Stock Exchange, and that it has received confirmation to proceed
China's Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong
Alibaba said on Tuesday it had submitted an application to spin off Cainiao Smart Logistics Network to the Hong Kong stock exchange, but that financial terms such as the size of the offering had not been finalised.
New Alibaba Group CEO lays out strategic priorities for staff
New Alibaba Group CEO Eddie Wu has told staff the tech giant's two main strategic focuses going forward will be "user first" and "AI-driven", according to an internal letter reviewed by Reuters.
How Alibaba's six main new business units stack up
Alibaba Group Holding's former CEO, Daniel Zhang, has unexpectedly left the company's cloud computing unit, raising concerns about its spinoff plans. Alibaba announced in March that it would split into six main business units, each with its own CEO and board of directors. The Cloud Intelligence Group, which includes Alibaba's cloud computing unit, is the company's dominant player in China's domestic cloud computing sector.
Alibaba's DingTalk will split from Cloud business group
The sources could not confirm the exact timing of the split and also did not confirm news reported by Chinese media outlet Caixin on Wednesday that DingTalk would pursue its own IPO in the near future.
How Chinese tech giant Alibaba's six new business units stack up
The e-commerce giant announced in March it will split into six business units, each with its own CEO and board of directors, and adopt a holding company management model, in the biggest revamp of its 24-year history.
Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public
The company in March announced plans to reshape itself into six business divisions with plans to allow all but its core e-commerce business to raise external capital and go public.
Alibaba’s global online commerce arm weighs a US IPO
Global online shopping unit includes Lazada, AliExpress, and has been valued by analysts at $39 billion.
Alibaba considers yielding control of some businesses in overhaul
Group CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO). His comments come two days after Alibaba announced the largest restructuring in the company's history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs.
Instant view: Alibaba to split into six units
"When you get to a certain size and have multiple different disciplines inside your business model, it's hard to have ascribed the value that would be the sum of the parts." Alibaba planned to split into six different units to ascribe an appropriate value to each of its different units, likely makes sense if they're able to pull this off."
China ecommerce giant Alibaba outlines future strategy
Alibaba chief executive Daniel Zhang outlined details of a plan announced earlier this week to split Alibaba into six main groups as a prelude toward stock listings of some of its companies.
Alibaba to decide on control over new business units after IPOs
Group CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually list on their own.
Alibaba's overhaul: a 'smart' move after China crackdown
Alibaba has said it will split its $220 billion empire into six businesses: focusing on logistics, cloud computing, entertainment, e-commerce, and two others offering services to global businesses.
How Alibaba's six new business units stack up
Alibaba has long relied on e-commerce as its core business, with smaller divisions in sectors such as cloud computing and entertainment. The company's CEO Daniel Zhang said the business units will each be free to pursue funding and IPOs independently, which points to a possible carving out in the future.
After the split, here's how Alibaba's six new business units stack up
The company's CEO Daniel Zhang said the business units will each be free to pursue funding and IPOs independently, which points to a possible carving out in the future.
Alibaba overhauls ecommerce businesses, appoints new CFO
Alibaba said it would form two new units to house its main ecommerce businesses - international digital commerce and China digital commerce, in a bid to become more agile and accelerate growth.
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