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Alibaba Group Holding Ltd

Trustly posts 51% profit jump; CEO says IPO at least 2 years out

by Edgar Davis
Trustly posts 51% profit jump; CEO says IPO at least 2 years out

Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, …

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Temu parent PDD takes Alibaba spot as China’s most valuable e-commerce firm

by Walter Watson
Temu parent PDD takes Alibaba spot as China’s most valuable e-commerce firm

Chinese e-commerce giant Pinduoduo has been behind its rivals Alibaba and JD.com when it comes to international expansion. Now Pinduoduo has launched a U.S. e-commerce site called Temu. Rafael Henrique …

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Alibaba’s global arm signs David Beckham as international e-commerce brand ambassador

by Walter Watson
Alibaba’s global arm signs David Beckham as international e-commerce brand ambassador

Alibaba’s international e-commerce platform AliExpress is a UEFA Euro 2024 sponsor and has signed David Beckham as its global brand ambassador. AliExpress BEIJING — Soccer star David Beckham will promote …

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Alibaba bets on AI to fuel cloud growth as it expands globally

by Walter Watson
Alibaba bets on AI to fuel cloud growth as it expands globally

Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Alibaba on Thursday said it expanded its global cloud computing availability, while the head of the unit’s international arm touted …

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Artificial general intelligence more than 10 years away: Baidu CEO

by Edgar Davis
Artificial general intelligence more than 10 years away: Baidu CEO

Co-founder, CEO and chairman of Baidu, Robin Li attends the Viva Technology show at Parc des Expositions Porte de Versailles on May 22, 2024 in Paris, France. Viva Technology, the …

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Alibaba’s Hong Kong shares drop 5% after report of possible $5 billion convertible bond sale

by Walter Watson
Alibaba’s Hong Kong shares drop 5% after report of possible  billion convertible bond sale

Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Hong Kong-listed shares of Alibaba fell over 5% Thursday following a …

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Apple looks to boost sales in China with hefty discounts amid sales festival

by Edgar Davis
Apple looks to boost sales in China with hefty discounts amid sales festival

An advertisement for the Huawei Pura70 mobile phone is being seen in front of the Apple Store on the pedestrian street of Nanjing Road in Shanghai, China, on May 15, …

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Didi co-founder Liu steps down after decade at the helm of Chinese ride-hailing company

by Walter Watson
Didi co-founder Liu steps down after decade at the helm of Chinese ride-hailing company

Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 …

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China is still an important market, says Peak XV, formerly Sequoia India

by Edgar Davis
China is still an important market, says Peak XV, formerly Sequoia India

Shailendra Singh. Lionel Ng | Bloomberg | Getty Images China will remain an important market for investors in the long term, even if other countries are now benefiting from investments …

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David Tepper’s Appaloosa is betting big on Chinese tech stocks

by Walter Watson
David Tepper’s Appaloosa is betting big on Chinese tech stocks

Billionaire investor David Tepper’s hedge fund increased its bets on Chinese tech stocks during the first three months of 2024, while dialing back exposure to some key domestic names. Appaloosa …

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