CEO DANIEL ZHANG
How a merged SpaceX-Tesla might navigate its China problem
Elon Musk's proposed merger of Tesla and SpaceX may encounter significant hurdles from US and Chinese regulators. Concerns about national security and technology sharing complicate the merger discussions. Tesla's reliance on China for manufacturing and SpaceX's defense contracts raise potential risks. Analysts suggest creating a firewall around Tesla's Chinese operations as a possible solution. However, divesting Tesla's China operations could prove challenging, considering the deep integration with local suppliers.
Trump-Xi dinner: Elon Musk, Jeff Bezos, Sam Altman, Huang, Nadella among star-studded guest list
Billionaires and leaders from the technology sector gathered at the White House for a state dinner. This event hosted Chinese President Xi Jinping and his wife, Peng Liyuan, with various US officials. The discussions included trade, artificial intelligence, and strategic issues between the two nations. Trump highlighted his friendship with Xi during the dinner and emphasized mutual cooperation.
Alibaba Group CEO takes over as chief of domestic ecommerce business
An Alibaba spokesperson confirmed plans to set up a new asset management company but did not respond to a request for comment on Dai's involvement.
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
Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO
Alibaba's stock fell over 4% in Hong Kong after ex-CEO Daniel Zhang resigned from the company's cloud computing unit. Concerns have arisen over the spin-off plan for the unit and potential discord at the top. New CEO Eddie Wu will take on the role of acting CEO and chairman of the unit, which is struggling with weak sales growth ahead of its planned IPO next year.
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.
Alibaba says Daniel Zhang steps down from cloud business
Zhang had previously been concurrently serving in three roles, heading the group as well as its cloud unit.
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 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 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.
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.
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 lays off nearly 10,000 employees amid poor sales
According to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimmed its overall headcount to 245,700.
Alibaba chairman says China's antitrust rules 'necessary'
The move to regulate monopolistic power of China's technology giants sparked a sell-off in Chinese internet stocks. Alibaba's stock price in Hong Kong plunged about 10 per cent following the announcement
Alibaba CEO says China's draft anti-monopoly rules 'timely and necessary'
China's move to draft rules aimed at preventing monopolistic behaviour by internet platforms is "timely and necessary", Alibaba Group CEO Daniel Zhang said on Monday.
Jack Ma's crazy rich Asian odyssey has a timely end
Time and time again, Chinese billionaires on lists of the super-wealthy have been cut down to size.
Alibaba's Jack Ma to hand chairman's role to CEO Daniel Zhang next year
Jack Ma's retirement as executive chairman will coincide with his 55th birthday, on September 10th 2019.
Alibaba guides for 45-49% growth in FY18, Investors thump in cheer
The e-commerce and data giant, which is seeking to expand new business lines in artificial intelligence, has seen its stock rise over 40 percent since the beginning of 2018.
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