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joe tsai

Alibaba swaps its listing status in Hong Kong, clears the way for mainland investments

by Anas Siddiqui
Alibaba swaps its listing status in Hong Kong, clears the way for mainland investments

Alibaba Group Holding said it would switch its listing status in Hong Kong, in a technical move that qualifies the technology behemoth to sell shares to China’s 220 million stock …

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Alibaba revenue edges up to US$33.5 billion but misses estimates in June quarter

by Anas Siddiqui
Alibaba revenue edges up to US.5 billion but misses estimates in June quarter

“Our results this quarter demonstrated our strategy at work. Our focus on enhancing user experience by offering quality products at attractive prices with great service led to stabilising market share …

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Chinese ride-hailing giant Didi Chuxing says it has no timetable for Hong Kong IPO

by Anas Siddiqui
Chinese ride-hailing giant Didi Chuxing says it has no timetable for Hong Kong IPO

Chinese ride-hailing giant Didi Chuxing, whose New York initial public offering (IPO) in 2021 triggered a cybersecurity investigation by mainland authorities that led to its delisting and a $1.2 billion …

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Alibaba’s Hong Kong-listed shares could be ready for mainland buyers via Stock Connect by September 9, Morgan Stanley says

by Anas Siddiqui
Alibaba’s Hong Kong-listed shares could be ready for mainland buyers via Stock Connect by September 9, Morgan Stanley says

Alibaba could join the Stock Connect cross-border trading mechanism as early as September 9, after its dual-primary shares listing in Hong Kong is completed, according to Morgan Stanley. The overall …

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Alibaba shows strong momentum during 618 shopping festival, as chairman Joe Tsai eyes return to double-digit revenue growth

by Anas Siddiqui
Alibaba shows strong momentum during 618 shopping festival, as chairman Joe Tsai eyes return to double-digit revenue growth

About 185 brands – including major smartphone vendors Apple, Xiaomi and Huawei Technologies – have each achieved more than 100 million yuan (US$13.8 million) in gross merchandise value, while 37,000 …

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Alibaba’s US$4.5 billion convertible bond sale ‘oversubscribed’, as tech giant builds war chest to fund share buy-backs

by Anas Siddiqui
Alibaba’s US.5 billion convertible bond sale ‘oversubscribed’, as tech giant builds war chest to fund share buy-backs

Alibaba Group Holding is selling up to US$5 billion worth of convertible bonds to fund its share buy-backs, as leaders of the Chinese tech giant declared e-commerce and cloud computing …

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China property: too soon to call Beijing’s rescue package a ‘game changer’, JPMorgan says

by Anas Siddiqui
China property: too soon to call Beijing’s rescue package a ‘game changer’, JPMorgan says

Investors will need to see more positive signals from China’s property market before calling a stabilisation in the industry, as the unprecedented bailout package introduced last week may be insufficient …

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Alibaba’s Hong Kong primary listing plan can open the doors to China’s 210 million investors

by Anas Siddiqui
Alibaba’s Hong Kong primary listing plan can open the doors to China’s 210 million investors

“The main reason for us to proceed with the dual primary listing is because we want to tap into the southbound capital flows through the Stock Connect programme,” said Joe …

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Alibaba chairman Joe Tsai voices confidence in Chinese consumer spending as e-commerce, cloud business units get back on growth track

by Anas Siddiqui
Alibaba chairman Joe Tsai voices confidence in Chinese consumer spending as e-commerce, cloud business units get back on growth track

Confidence among Chinese consumers was showing “early signs of growth”, according to Alibaba Group Holding co-founder and chairman Joe Tsai, as the e-commerce giant expects its core businesses to be …

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Alibaba strengthens commitment to open-source development of AI models amid debate over this strategy

by Anas Siddiqui
Alibaba strengthens commitment to open-source development of AI models amid debate over this strategy

The e-commerce giant could have been “more aggressive in open-source [development]” over the past year based on the gains made by Tongyi Qianwen, according to Alibaba’s Lin Junyang, who is …

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