ALIBABA RESTRUCTURING
In 2005, Yahoo invested $1 billion in Alibaba. 10 years later, its stake was worth more than $30 billion after the Chinese giant went public
Yahoo’s Alibaba investment changed the company’s financial story. In 2005, Yahoo paid $1 billion for a 40% stake in the Chinese e-commerce company. Ten years later, that holding was worth about $30 billion. Yahoo then dropped its plan to spin off the Alibaba stake after U.S. tax authorities refused to confirm tax-free treatment.
Alibaba to plan IPO for AI chipmaking unit T-Head: Report
Alibaba's US-listed shares rose 4.6% premarket after the report. As a first step, Alibaba plans to restructure the unit as a business partly owned by employees before exploring an initial public offering, though the timing remains unclear, the report said.
China's Alibaba says to sell department store arm for $1.3 billion loss
Alibaba is selling its department store chain, Intime, at a $1.3 billion loss due to increased competition in China's ecommerce market. The sale is part of Alibaba's strategy to streamline operations and focus on core businesses amid slower growth. The tech giant recently restructured into six entities and reported moderate revenue growth last quarter.
Alibaba founder Jack Ma steps out from shadows with long internal post
In the post, which was roughly a page long, Ma praised the leadership of CEO Eddie Wu and chairman Joe Tsai and said the company's split into six divisions a year ago had helped streamline decision-making, making Alibaba more agile and customer-focused.
Alibaba's research arm shuts quantum computing lab amid restructuring
A spokesperson for Alibaba's DAMO Academy, Alibaba's in-house research initiative which included the lab, said the academy would continue to focus on technology research with the aim of being a leader in artificial intelligence (AI) research.
Alibaba shares dive more than 7% after cloud service called off
In a move that shocked investors, the Hangzhou-based tech giant said Thursday that US curbs on exports of advanced chips had forced it to call off the spinoff of its cloud computing arm.
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.
Alibaba shares set to open down 3% after outgoing CEO quits cloud unit
The Hong Kong-listed shares of China's Alibaba Group were set to open down 3.1% on Monday after the surprise departure of outgoing Alibaba CEO Daniel Zhang from the company's cloud business.
Ant Group plans restructuring, paving way for Hong Kong IPO: report
The Alibaba Group affiliate is looking at excluding its blockchain, database management services and international businesses from a main entity that will be used to apply for a financial holding license in China, the Bloomberg report said.
Alibaba Group says Eddie Wu to succeed Daniel Zhang as CEO, Joseph Tsai to take over as chairman
Zhang will shift to fully focus on the cloud intelligence group, the company said. Zhang has since December been concurrently serving as the group's CEO and chairman as well as the head of the Chinese tech giant's cloud unit.
Alibaba's restructuring plans revive China's foreign funding inflows
Exchange data shows net foreign buying of mainland-listed stocks every day since Alibaba announced its intention to split up and float its business units last week, for a record quarterly total.
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.
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 breakup plan lifts hopes China's tech crackdown is ending
Alibaba said on Tuesday it was planning to split into six units and explore fundraisings or listings for most of them, in the biggest restructuring of the technology conglomerate in its 24-year history.
Alibaba's Hong Kong shares surge 16% on split-up plans
One day before the re-organization was announced, Alibaba founder Jack Ma, who had been out of mainland China since late 2021, was spotted visiting a primary school in Hangzhou, the city where Alibaba is headquartered.
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.
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