Alibaba sheds $20 billion in market cap as cloud spinoff scrapped
Shares of Chinese tech giant Alibaba tumble on Sept. 11, 2023 after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as …
Alibaba Group Holding Ltd
Asia markets fall, Hong Kong, Alibaba lead declines
We expect to breakeven by 2025, says Xpeng’s president Chinese electric car company Xpeng’s deliveries exceeded 40,000 units in the third quarter of 2023. Subsequently, the automaker predicts that vehicle …
Investors realize they were too optimistic
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. Brendan Mcdermid | Reuters This report is from today’s CNBC …
Sonos, Cisco Systems, Alibaba, Walmart and more
Check out the companies making headlines in midday trading. Sonos — The stock climbed 17% after Sonos CEO Patrick Spence said the company is entering a multiyear product cycle that …
Alibaba Q2 2023 earnings, shelves cloud spinoff
Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images U.S.-listed shares …
PDD’s Temu grows at record pace in Asia, overtaking Shein in app stores
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Chinese low-cost …
Huawei, Tencent grow in patent holdings as China fosters own tech: report
A Chinese flag flies outside a residential compound in Beijing on April 30, 2017. Greg Baker | Afp | Getty Images Chinese companies have gained ground in global patent holdings …
Alibaba launches upgraded AI model to challenge Microsoft, Amazon
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Aly Song | Reuters Alibaba on Tuesday launched the latest version of its …
Missed Nvidia? Fund manager picks under-the-radar networking stock for AI boost
Tech companies — especially those leveraging artificial intelligence — have gained traction this year, with investors piling into the likes of Nvidia , Baidu and Alibaba . One firm that’s …
Microsoft Azure outpaced AWS and Google Cloud in latest quarter
In the high-stakes cloud-computing battle, Microsoft is outpacing its top rivals. Third-quarter results are in for most mega-cap tech companies after a big week for tech earnings. On the cloud …