ALIBABA SPLIT
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.
China's Moonshot in talks with Microsoft, Amazon, Google over K3 revenue sharing
The discussions highlight how China's leading AI models, often far cheaper than Western offerings, are gaining traction in the US, despite national security concerns in Washington that have led to bans on exports of AI chips to China. They are also taking place despite critical comments about Moonshot from senior US officials.
China's Moonshot in talks with Microsoft, Amazon, Google over K3 revenue sharing, sources say
Moonshot AI is negotiating revenue-sharing deals with Microsoft, Amazon, and Google. These talks could allow US cloud providers to host its Kimi K3 model. The Chinese AI firm seeks up to a thirty percent revenue share from these services. Unresolved issues include revenue splits and data access for auditing token usage. Moonshot AI has faced criticism from US officials regarding intellectual property concerns.
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 dumps logistics arm IPO; to buy rest of Cainiao stake for up to $3.8 billion
Alibaba's Cainiao withdrew IPO in Hong Kong. Alibaba plans $3.75B stock buyout. Minority shareholders offered $0.62/share sale. Reported by Rishav Chatterjee; Edited by Tasim Zahid.
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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.
Jack Ma bought Alibaba shares worth $50 million in fourth quarter: Report
Alibaba co-founder Jack Ma and Chairman Joe Tsai bought millions worth of shares in the Chinese e-commerce giant in the fourth quarter, the New York Times reported on Tuesday, sending the company's U.S.-listed shares up around 7%.
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.
Belgian intelligence service monitors Alibaba hub over 'espionage' worry: report
Alibaba signed an agreement with the Belgium government in 2018 to open an ecommerce trade hub, run by its logistics arm Cainiao, that would include investment in logistics infrastructure.
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.
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 grocery unit IPO put on ice amid disappointing valuation: report
The Chinese technology conglomerate has concluded it could likely achieve a valuation of around $4 billion for Freshippo, which is lower than the $6 billion to $10 billion it was targeting when it considered raising a private funding round last year, according to the report.
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.
Alibaba's cloud arm may slash 7% staff in overhaul
China's largest cloud service has begun offering severance to employees or transfers to other parts of the Alibaba empire, a source said. The moves are intended to streamline the business, which Alibaba aims to fully carve out into a separate company within a year, the person said.
Alibaba logistics arm eyes up to $2 billion Hong Kong IPO: Reports
Cainiao Network Technology's initial public offering (IPO) plan comes after Alibaba flagged in late March it would split its business into six units and that most of them would explore capital raisings or market debuts to help fund future growth.
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.
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'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.
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.
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 splits into six units that may pursue individual IPOs
“Each business group and company can pursue independent fundraising and IPOs when they are ready,” Zhang said in a statement.
Paytm receives final tranche from $445 mn funding from SoftBank, Alibaba
The issuance of 211,293 shares to SB Investment Holdings and 26,412 shares to the Alibaba entity was approved by the Board of Paytm E-commerce on June 6, 2018, the documents added.
Alibaba puts Rs 224 crore in FirstCry’s logistics arm
This financing underscores Alibaba’s attempt to create a robust global logistics network, which can bolster the growth of ecommerce.
Yahoo's new path murky after Alibaba split
It's do-or-die time for Yahoo and Marissa Mayer. After cutting the cord with China's Alibaba, the high-profile Yahoo chief executive faces more pressure than ever to reinvent the fading Internet star.
Yahoo without its Alibaba stake may lure buyers
Marissa Mayer is expected to give an update next week about whether Yahoo will sell its Alibaba shares and how it will avoid paying taxes on the move.
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